Cinven Acquires Archer

Cinven Acquires Majority Stake in JAGGAER from Accel-KKR

August 15, 2019

Cloud & SaaS

International private equity firm Cinven has acquired a controlling majority stake in JAGGAER, the global SaaS spend-management and Source-to-Pay provider. Accel-KKR, which took JAGGAER private in 2016 and drove significant growth and add-on acquisitions, retains a minority stake; Cinven said it will support further R&D investment and additional acquisitions to drive growth.

Cinven Makes Significant Investment in Drake Software

February 5, 2021

Software

International private equity firm Cinven has agreed to make a significant growth investment in Drake Software, a Franklin, North Carolina–based provider of professional tax preparation software. The capital will support Drake's technology platform renewal, product enhancement, and market expansion while Jamie Stiles remains CEO; financial terms were not disclosed and the deal is subject to customary antitrust approvals.

LLR Partners Makes Growth Investment in Archer

June 8, 2021

Financial Services

LLR Partners has made a growth investment in Archer, a Berwyn, Pennsylvania-based technology-enabled provider of middle- and back-office services to investment managers. The capital will be used to accelerate Archer’s growth and to invest in its cloud-based technology and outsourced services platform; Raymond James served as financial advisor to Archer on the transaction.

Cinven to Acquire Finaxy Group from Ardian

September 3, 2024

Financial Services

Private equity firm Cinven has entered exclusive negotiations to acquire the Finaxy group from Ardian, with Finaxy management (led by Founder & CEO Erick Berville) set to significantly reinvest alongside Cinven. Headquartered in Paris, Finaxy is a multi-specialist French insurance broker with over 330 employees and more than €700 million in premiums; Cinven will invest from its Strategic Financials Fund and aims to accelerate Finaxy's buy-and-build growth across France and internationally.

Bounteous Acquires The Archer Group

February 6, 2020

Marketing & Advertising

Digital experience agency Bounteous has acquired Wilmington-based The Archer Group to deepen its digital strategy, experience design, usability research, technology, and media capabilities. The acquisition expands Bounteous’ talent and service offerings and strengthens its presence in Wilmington while integrating Archer leadership into Bounteous’ executive team.

Cinven to Acquire International Financial Group Limited (IFGL)

February 1, 2022

Financial Services

Cinven, the international private equity firm, has reached an agreement to acquire International Financial Group Limited (IFGL), a life insurer headquartered in the Isle of Man that administers £19 billion of assets and employs more than 550 people. IFGL operates the RL360, Ardan International and Friends Provident International brands; financial terms were not disclosed and Cinven said it plans to support IFGL's buy-and-build strategy, product expansion and international growth.