Providence Strategic Growth Invests in MAPAL Software

Eurazeo Acquires Majority Stake in Mapal from PSG Equity

February 28, 2025

Cloud & SaaS

Eurazeo's mid-large buyout team has entered exclusive negotiations to acquire a majority stake in Mapal from PSG Equity, with Mapal's management and employees investing alongside Eurazeo and PSG Equity retaining a minority stake. Mapal is a Madrid-headquartered, AI-powered hospitality SaaS provider serving thousands of customers and tens of thousands of venues; the investment will support Mapal's international growth and product development and is subject to customary approvals.

Providence Strategic Growth Acquires Majority Stake in Sympa

August 25, 2020

Cloud & SaaS

Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, completed a majority investment in Sympa, a Nordic cloud-based human capital management (HCM) software provider. Alfvén & Didrikson will retain a minority stake alongside Sympa's founding team; proceeds will support product innovation, strategic M&A and international expansion across Europe.

PSG-backed MAPAL Group Acquires Easilys

June 3, 2021

Cloud & SaaS

MAPAL Group, a PSG-backed European hospitality software provider, has acquired Easilys, a France-based multi-site restaurant and kitchen management software provider. The add-on deal expands MAPAL's back-of-house product suite and strengthens its presence in France and Europe, combining Easilys' procurement, inventory and recipe management capabilities with MAPAL's MAPAL OS platform.

Providence Strategic Growth Invests in Next Glass

April 23, 2020

Cloud & SaaS

Providence Strategic Growth (PSG), the growth-equity affiliate of Providence Equity Partners, has made a significant growth investment in Next Glass to accelerate product innovation, go-to-market expansion and support strategic add-on acquisitions. The funding will bolster Next Glass's consumer platforms (Untappd, BeerAdvocate) and its SaaS products (Untappd for Business, Untappd Marketplace) and establish a small-to-medium business support fund for COVID-19 relief.

Providence Strategic Growth Invests in Wagepoint

September 9, 2020

Cloud & SaaS

Wagepoint has completed a majority recapitalization and strategic growth investment led by funds advised by Providence Strategic Growth (PSG), receiving more than $10 million of new capital. The investment will fund product innovation, scale go-to-market and customer support, and enable Wagepoint to pursue strategic acquisitions as it serves over 12,000 small-business customers across North America.

PSG Leads €20M Growth Investment in Apaleo

November 20, 2024

Cloud & SaaS

Apaleo, an API-first open property management platform based in Munich, raised €20 million in a growth equity round led by PSG Equity with participation from existing investors Redalpine, FOMCAP IV, and Rockaway Ventures. The capital will be used to accelerate international expansion across hospitality and serviced living verticals, further develop the platform, and hire talent to support growth.