Announced

Potentia Capital to acquire a 25% stake in Soprano Design from HT&E for $45m.

Synopsis

Potentia Capital, a private equity firm, agreed to acquire a 25% stake in Soprano Design, a mobile messaging technology provider, from HT&E, an Australian media company, for $45m. “We have tracked the CPaaS sector over a number of years and have been highly impressed by Richard and the broader Soprano management team. They have built an exceptional product that serves Tier 1 customers around the globe and has significant scale,” Amit Chand, Potentia Capital Investment Director.

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