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New Deal


Announced

Vitruvian Partners to invest €100m in Carne.

Financials

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Transaction Value£89m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private

FinTech

asset management platform

Friendly

Acquisition

Private Equity

Single Bidder

Minority

Pending

Ireland

Synopsis

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Private equity firm Vitruvian Partners agreed to invest €100m ($122m) in Carne, the digitally driven platform for the asset management industry. "At Carne our goal is to provide asset managers and institutional investors with solutions that lead to better investor outcomes. We are focused on transforming the asset management industry through our proprietary CORR technology, hiring the best talent globally, and building client led, trusted solutions. In Vitruvian, we found a partner with a shared vision and the experience and intellectual capital to help us bring further innovation to the industry. Together we can build and deliver better outcomes resulting in a win-win for both asset managers and investors," John Donohoe, Carne Founder and Group CEO.

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