Perwyn to Exit Interact Software to Funds Managed by Castik Capital

Perwyn Acquires Stake in iamproperty from LDC

October 24, 2023

Cloud & SaaS

Perwyn has acquired LDC's stake in Newcastle-headquartered iamproperty, with co-founders Ben Ridgway and Jamie Cooke and the management team retaining a majority shareholding. iamproperty, a provider of SaaS technology solutions to UK estate agents (including the 'movebutler' conveyancing/onboarding platform), has grown rapidly under LDC's minority investment since 2019 — now employing over 530 people and expecting c. £76m revenue for the year ending October 2023.

Perwyn-backed Interact Software Acquires Sideways 6

April 1, 2023

Software

Perwyn-backed Interact Software has acquired Sideways 6, an integrated crowdsourcing and idea-management platform, to embed idea management capabilities into its enterprise intranet offering. The add-on acquisition expands Interact's employee engagement and innovation features for its enterprise customers across North America and EMEA.

Castik Capital and Abry Partners Acquire Majority Stake in Xexec

May 6, 2021

Cloud & SaaS

Funds advised by Castik Capital and Abry Partners have agreed to acquire a majority stake in London-based employee engagement platform Xexec, in partnership with founders Jacqueline Benjamin and Saul Meyer. The private equity backers plan to accelerate Xexec's product innovation, sales & marketing, and support US expansion and bolt-on acquisitions to drive growth.

Perwyn Growth Capital Invests in Interact Intranet

January 1, 2021

Software

Perwyn Growth Capital has made a minority growth equity investment in Interact Intranet, a Manchester-based provider of enterprise intranet software with offices in Manchester and New York. The investment will support Interact’s continued growth with a particular focus on accelerating expansion into the US market.

Perwyn Acquires Majority Stake in Agilitas IT Solutions in Management Buy-Out

December 1, 2020

IT Services

Perwyn has acquired a majority stake in Nottingham-based Agilitas IT Solutions as part of a management buy-out led by CEO Shaun Lynn. NVM Private Equity has exited its investment; Perwyn will support Agilitas' international expansion, service acceleration and potential M&A. Agilitas employs about 115 people and has appointed Bill Wilson as Chairman.

Perwyn Acquires Majority Stake in Miss Group

February 1, 2020

IT Services

Perwyn has acquired a majority position in Miss Group, a Stockholm-headquartered website hosting company founded by Mattias Kaneteg. The investment will support Miss Group's growth and international expansion (Nordics, Spain and the US) and continuation of its M&A strategy while partnering with the existing management team.