Announced
Completed
Financials
Sources
Tags
Private
Friendly
Acquisition
Germany
Single Bidder
Majority
Software
software development
Completed
Cross Border
Private Equity
Synopsis
3i Group, an international investment management company, completed the investment in Pinova Capital-backed xSuite Group, a provider of software applications in the field of accounts payable invoice automation. Financial terms were not disclosed. "We see significant potential to further develop and internationalize xSuite, working closely with its experienced management team and its motivated, highly skilled employees," Ulf von Haacke, 3i Partner and Managing Director.
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