LONDON/OSLO — Verdane Capital X (“Verdane”), the Northern European specialist growth equity investor, has closed its first portfolio investment in the UK with Eden Ventures by acquiring their minority stakes in eight companies. Among the holdings was Brightpearl, a company offering a market leading operations platform for retailers, wholesalers and brands.
”We are happy to announce our first portfolio deal in the UK and we look forward to actively support our new holdings in their next stage of growth,” says Emanuel Johnsson, Partner at Verdane and based in London, UK.
Brightpearl’s SaaS solution automates the back office so merchants can focus on growing their business. Since 2007, the company has grown into a market leading position with over 850 client businesses in 26 countries using its platform. Put together, Brightpearl’s clients manage over 18 million orders and USD 3 billion of business a year.
Verdane continues to actively source UK-based portfolios of tech-enabled businesses in growth sectors of the economy. Its current portfolio holds 22 software and 19 consumer internet companies, including Analyste, EasyPark, inRiver, HappyOrNot, momox, RoyalDesign Group, Scanmarket, and TalenTech.
The parties have agreed not to disclose the terms of the transaction.
