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Announced

Cinven to invest in Drake Software.

Synopsis

Private equity firm Cinven agreed to invest in Drake Software, a provider of software for tax preparers. Financial terms were not disclosed. "This is a truly outstanding opportunity for Cinven to invest behind a team that has not only built a product that is loved by its customers, but also has a well-established position in a stable market with a wide range of exciting growth prospects," Chris Good, Cinven Partner.

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