PSG completed the acquisition of a majority stake in billwerk.

Providence Strategic Growth completed the acquisition of a majority stake in billwerk, a European provider of subscription management software. Financial terms were not disclosed. “We believe we have found the perfect partner in PSG based on their unique focus and experience in partnering with founder-led software companies and supporting their growth throughout Europe, and beyond. We’re excited to work with the PSG team as we identify new opportunities to scale our business,” Ricco Deutscher, billwerk Co-Founder and CEO.