CGE Partners and Five Arrows Acquire Majority Stake in Intact

XCEL NDT Acquires Integrity Assessment Group

September 16, 2025

Industrial Services

XCEL NDT LLC, a Graycliff Partners portfolio company, acquired Integrity Assessment Group (IAG) to expand its non-destructive testing (NDT) and integrity services capabilities. The deal adds maintenance and cathodic protection services and broadens XCEL's end-market exposure—notably into power generation—while increasing manpower and specialized equipment.

EQT Growth Invests €100M in IntegrityNext

March 23, 2023

Cloud & SaaS

EQT Growth has made a €100 million growth investment in IntegrityNext, a Munich-based cloud SaaS platform for supply chain sustainability and ESG compliance. The capital will support product expansion to meet upcoming European ESG regulations and accelerate IntegrityNext’s international growth; the company will continue to be led by its co-founders.

TA Associates and Five Arrows Make Growth Investment in Agilio Software

February 19, 2024

Cloud & SaaS

Agilio Software, a UK frontline healthcare operations software provider, has received a strategic growth investment from Five Arrows (Rothschild & Co) and TA Associates to support product development and international expansion. The investment will help Agilio expand into new healthcare verticals and accelerate growth in its core UK and Netherlands markets; financial terms were not disclosed.

Insight Partners to Invest in iad International alongside IK Partners, Five Arrows and Naxicap

March 24, 2021

Real Estate

Insight Partners has agreed to invest in iad International alongside existing investors IK Investment Partners, Five Arrows Principal Investments and Naxicap Partners. Iad is a Europe‑leading digital real estate broker (headquartered in Lieusaint, France) with a proprietary agent-enablement platform and a network of over 14,000 independent agents; financial terms were not disclosed and the capital will support further international expansion and technology development.

Audax Private Equity Makes Strategic Growth Investment in Integrate

December 20, 2021

Cloud & SaaS

Audax Private Equity completed a strategic growth investment in Integrate (Integrate.com, Inc.), a B2B demand marketing SaaS provider, in December 2021. The undisclosed investment will support Integrate's product development, customer growth, and geographic and vertical expansion for its Demand Acceleration Platform (DAP).

CGE Partners Invests in Inspera

September 28, 2021

Education

CGE Partners has made a growth investment in Inspera, a high-growth end-to-end e-assessment SaaS provider sold to universities, schools and professional awarding bodies. The capital will support Inspera’s international expansion and product investment as the company scales beyond its Nordic origins. Inspera was founded in 1999 and employs more than 130 people.