Sagard NewGen completed the acquisition of a majority stake in kShuttle.

Sagard NewGen, a French investment fund, completed the acquisition of a majority stake in kShuttle, a provider of software-as-a-service financial and ESG regulatory reporting software. Financial terms were not disclosed. “We are very excited to be joining forces with Ména Dogan and the kShuttle management team to accelerate the company’s expansion in France and Europe. We have been impressed by kShuttle’s rapid development and the richness and robustness of its technology. With the convergence of financial and extra-financial (ESG) reporting requirements, we are convinced that the kShuttle platform offers a unique value proposition for companies having to comply with these different standards,” Bérangère Barbe and Guillaume Lefebvre, Sagard NewGen Partners.