Perwyn, a European private equity investor, has entered an agreement to exit its holding in Interact Software (Interact) to funds managed by Castik Capital, realising a 3.2x multiple on invested capital.
Headquartered in Manchester, Interact provides a SaaS platform that helps organisations to facilitate internal communication, knowledge sharing, and employee engagement.
During the investment period the company has grown ARR and EBITDA by over 2.5x, and serves a broad range of blue-chip customers across North America, EMEA, and the Middle East, with its largest markets being the United States and the United Kingdom.
The transaction is subject to customary completion conditions.
