Announced
Completed
Financials
Sources
Tags
Friendly
Software
United Kingdom
Private
Cross Border
Acquisition
Completed
Private Equity
compliance software
Single Bidder
Minority
Synopsis
Two private equity companies Wavecrest Partners and Abry Partners completed the investment in Pole Star Space Applications, a provider of cloud-based compliance software solutions to the maritime sector. Financial terms were not disclosed. “We are focused growth investors in vertical software. The maritime industry is the critical conduit for $20tn of annual global trade, and it is an exciting time in the industry given the several opportunities for cloud software – compliance, surveillance, payments, and other areas. We believe Pole Star is incredibly well-positioned to capitalise on these trends and are excited to partner with them,” Deepak Sindwani, Wavecrest Growth Partners Managing Partner.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.