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Transactions / E••••••• S••••••••

E••••••• S•••••••• Secures Significant Investment from Hg

Exit to a strategic buyerannouncedannounced Nov 21, 2024Fact
What happened
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
unknown
Target location
unknown
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
8 named
Buy side
  • H•Strategic acquirerconfirmed
    E••••••• S•••••••• Secures Significant Investment from Hg
  • The next chapter of growth at E••••••• will see the company stay true to its core mission but also pursue new growth initiatives like international expansion and penetration of the largest US and global financial institutions,” added A••• M•••••••, Managing Director at S••••••• E•••••.
Sell side
  • The E••••••• management team and current investors, TechVenture Investors and S••••••• E•••••, will all remain shareholders. | published on S••••••• E•••••'s own news page www.spectrumequity.com
Advisory side
  • R•••••• J•••• L•••Buy-side adviserconfirmed
    R•••••• J•••• is serving as exclusive financial advisor and Kirkland & Ellis LLP as legal advisor to Hg.
  • P•••• S•••••• is serving as exclusive financial advisor and Choate, Hall & Stewart LLP as legal advisor to E•••••••.
Side not stated
  • "The E••••••• success story is still in its early innings,” said F••••• H••••••, Partner at Hg.
  • "Our strategy – replacing legacy software solutions and disparate datasets with a single, SaaS native and cloud-based platform – is gaining traction in the sector.” said C•••• M•••••, Chief Executive Officer of E•••••••.
  • E••••••• S•••••••• Secures Significant Investment from Hg
Evidence
E••••••• S•••••••• Secures Significant Investment from Hg