APSE Capital acquired 31% stake in Kallidus Holdings, a leading human capital management and e-learning software as a service (SaaS) provider from FPE Capital. Financial terms were not disclosed. Headquartered in Cirencester, UK, Kallidus has grown rapidly in the period under FPE’s ownership, which included the bolt on acquisition of Advorto, a SaaS recruitment provider, in September 2017. Kallidus is being acquired by Apse Capital, which has strong knowledge of the sector, its Partners having previously invested in Seagull, a maritime e-learning and technology platform. “It has been fantastic to see Kallidus grow and to be part of its development as it benefits from its major investment into the core software platform and expanded product offering. We would like to congratulate the team on their significant achievements in the past few years during our partnership with them, and to wish them continued growth and success.” Henry Sallitt, FPE Managing Partner.