Global private investment firm HarbourVest Partners has made an investment in The Citation Group, a provider of tech-enabled compliance and certification solutions for small and medium-sized enterprises, joining existing investors KKR and Hg.
According to a press statement, the investment will support the UK-based firm’s international expansion, which has already extended to Canada and Australia over the past four years, and serves over 110,000 SMEs. It will also aid in product development, particularly in AI, and drive strategic acquisitions.
Transaction details have not been disclosed. Jefferies served as financial advisor to Citation Group, Hg, and KKR.
