Cinven completed the acquisition of Jaggaer from Italmobiliare for $100m.

Global private equity firm, Cinven, completed the acquisition of Jaggaer, a global provider of procurement software for large and medium-sized enterprises, from Italmobiliare, a financial holding company, for $100m. Alongside Cinven, Accel-KKR will maintain an interest in Jaggaer. “Cinven is a natural partner to enable JAGGAER’s full potential. Its strategy is fully aligned with our strategic growth plans and the team brings considerable expertise in facilitating our global footprint and propelling our upward progress both organically and through acquisition. We will continue to focus on serving our customers and engaging our staff and partners as we execute the JAGGAER ONE roadmap,” Robert Bonavito, JAGGAER CEO.