Lugard Road Capital to invest $73m in Investcorp-backed Ageras Group.

Lugard Road Capital, the US-based alternative asset manager, agreed to invest $73m in Investcorp-backed Ageras Group, a provider of recurring revenue-driven accountancy software. "Ageras has established a market leading and best-in-class product offering that is optimally positioned for international expansion and the rising demand for automated business tools. Investcorp has a fantastic track record of growing founder-owned companies in the technology space, and its global presence and extensive network has supported our growth to date. This latest financing round will support our ongoing commitment to scaling the Ageras brand and bringing our software offering to new customers across the globe. We look forward to continuing the Ageras story in the years to come," Rico Andersen, Ageras CEO.