Global private equity firm TA Associates and Five Arrows, the alternative assets arm of Rothschild & Co, have made a strategic growth investment in Agilio Software, a UK frontline healthcare operations software provider, with founding investor August Equity exiting the business with a 9.2x money multiple return.
According to a press release, the joint investment is intended to support Agilio’s expansion plans, which include capitalising on its 2022 acquisition of InterShift, a Netherlands-based primary care scheduling software provider.
Agilio was founded in 2019 and offers products for healthcare professionals across the dental and primary care sectors to automate and optimise critical operational functions such as workforce management, compliance and clinical assets tracking.
In a statement, Neil Laycock, CEO at Agilio, said: “This partnership with Five Arrows and TA will help us deliver new products and services for our core UK and Netherlands markets as we continue to expand into new customer sectors. We also plan to expand into multiple new countries where we believe there is strong demand for our solutions.”
Kunal Pandit, Managing Director at Five Arrows, added: “Agilio is well-positioned to further strengthen its suite of solutions and expand its geographic footprint. We are delighted to support the company on the next chapter of its growth as it looks to further enhance its user experience.”
