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New Deal


Announced

Completed

Sumeru Equity Partners completed a $100m investment in Tasktop.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

Software

Cross Border

Canada

Private Equity

Minority

software solutions

Completed

Acquisition

Synopsis

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Sumeru Equity Partners, a technology-focused private equity firm, completed a $100m investment in Tasktop, a provider of enterprise software solutions. Additional investors include Elsewhere Partners and Yaletown Partners. "What this investment means is that you can expect even more market-leading and customer-centric innovation coming from Tasktop. To give you a sense of what’s to come, we are also announcing some amazing new features for turning the two-year journey of the manufacturing company into an even faster and more visible journey at your organization. Today marks the release of a whole new set of analytics for technology leaders that we are releasing for Tasktop Viz called VSM Portfolio Insights," Mik Kersten, Tasktop Founder.

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