Munich, London, Boston \u2013 PSG Equity (\u201cPSG\u201d), a leading growth equity firm, has announ\u00adced the closing of its third Euro\u00adpean fund, PSG Europe III (\u201cPSGE III\u201d or \u201cthe Fund\u201d), with total commit\u00adted capi\u00adtal of over 4.4 billion euros. PSG specia\u00adli\u00adzes in part\u00adne\u00adring with soft\u00adware and tech\u00adno\u00adlogy-based service compa\u00adnies to drive trans\u00adfor\u00adma\u00adtive growth. The fund has thus reached its hard cap and recei\u00adved strong support from its exis\u00adting and new investors.
\nPSGE III surpas\u00adses its prede\u00adces\u00adsor fund, which closed defi\u00adni\u00adtively in Octo\u00adber 2023 at \u20ac2.6 billion. Subscri\u00adbers to the Europe-focu\u00adsed fund included, among others, govern\u00adment pension funds, sove\u00adreign wealth funds, insu\u00adrance compa\u00adnies, family offices, and high-net-worth individuals. <\/p>\n
With PSGE III, PSG is conti\u00adnuing its stra\u00adtegy of selec\u00adtively forming part\u00adner\u00adships with ambi\u00adtious Euro\u00adpean soft\u00adware and tech\u00adno\u00adlogy compa\u00adnies and support\u00ading them as they grow into pan-Euro\u00adpean indus\u00adtry leaders with a global reach. The fund targets compa\u00adnies that use AI to rede\u00adfine enter\u00adprise soft\u00adware, as well as the next gene\u00adra\u00adtion of AI-native compa\u00adnies. PSG\u2019s most recent invest\u00adments in Europe include Mistral AI, Bright\u00adAna\u00adly\u00adtics, Aikido Secu\u00adrity, Quali\u00adty\u00adHos\u00adting, Emotion Mobi\u00adlity, Nami\u00adrial, and Glass\u00adwall, among others. <\/p>\n
Accor\u00adding to PSG, Europe is on the cusp of a new phase of soft\u00adware innovation\u2014driven by the incre\u00adasing adop\u00adtion of AI, growing demand for trus\u00adted Euro\u00adpean tech\u00adno\u00adlogy provi\u00adders, and a focus on digi\u00adtal sove\u00adreig\u00adnty. PSG is convin\u00adced that these struc\u00adtu\u00adral trends present signi\u00adfi\u00adcant oppor\u00adtu\u00adni\u00adties for soft\u00adware provi\u00adders that combine deep indus\u00adtry exper\u00adtise with Europe-focu\u00adsed infra\u00adstruc\u00adture and proprie\u00adtary data capa\u00adbi\u00adli\u00adties, while also bene\u00adfiting from the substan\u00adtial momen\u00adtum of AI. <\/p>\n
PSG has been active in the Euro\u00adpean market with its own team since 2019; that team now consists of 83 employees. The team includes inves\u00adtors and func\u00adtional soft\u00adware and tech\u00adno\u00adlogy experts who work closely with the manage\u00adment teams of the port\u00adfo\u00adlio compa\u00adnies. The team is head\u00adquar\u00adte\u00adred in London and has an addi\u00adtio\u00adnal office in Paris. <\/p>\n
To date, PSG has made 43 plat\u00adform invest\u00adments in Europe, comple\u00adted 12 (partial) exits, and closed 98 add-on acqui\u00adsi\u00adti\u00adons, with loca\u00adti\u00adons in 24 Euro\u00adpean cities. These include the most recent exits from Sellsy, Signa\u00adtu\u00adrit, N2F, Artur\u2019in, Hornet\u00adsecu\u00adrity, and Mapal. <\/p>\n
Peter Wilde, Chair\u00adman of PSG, commen\u00adted: \u201cWe are very plea\u00adsed with the broad support that PSGE III has recei\u00adved from both exis\u00adting and new inves\u00adtors world\u00adwide. This result unders\u00adcores the strength of PSG\u2019s global plat\u00adform and confirms our consis\u00adtent and sustainable approach to value crea\u00adtion. In doing so, we support high-growth soft\u00adware compa\u00adnies with the capi\u00adtal and opera\u00adtio\u00adnal resour\u00adces neces\u00adsary to build endu\u00adring indus\u00adtry leaders.\u201d<\/p>\n
Mark Hastings, Chief Execu\u00adtive Offi\u00adcer at PSG, says: \u201cThis is an exci\u00adting time to be working with leading soft\u00adware scale-ups in Europe. We see that AI is signi\u00adfi\u00adcantly expan\u00adding oppor\u00adtu\u00adni\u00adties in the enter\u00adprise soft\u00adware sector, foste\u00adring the next gene\u00adra\u00adtion of indus\u00adtry leaders, and at the same time acce\u00adle\u00adra\u00adting the pace of inno\u00adva\u00adtion among estab\u00adlished soft\u00adware plat\u00adforms. We are very much looking forward to conti\u00adnuing to support AI-native compa\u00adnies that have a clear tech\u00adno\u00adlo\u00adgi\u00adcal and compe\u00adti\u00adtive advan\u00adtage. At the same time, we want to help provi\u00adders of busi\u00adness-criti\u00adcal core systems and infra\u00adstruc\u00adture use AI to improve exis\u00adting products, acce\u00adle\u00adrate inno\u00adva\u00adtion, and drive their growth.\u201d<\/p>\n
Dany Rammal, Mana\u00adging Direc\u00adtor and Head of Europe at PSG, adds: \u201cThe closing of PSGE III marks an important mile\u00adstone for PSG Equity and reflects our confi\u00addence in the momen\u00adtum of the Euro\u00adpean soft\u00adware and tech\u00adno\u00adlogy market. We are seeing outstan\u00adding soft\u00adware and AI compa\u00adnies emerge at an ever-faster pace in Europe. Our plat\u00adform enables us to iden\u00adtify what we believe are Europe\u2019s best compa\u00adnies and to form part\u00adner\u00adships with their foun\u00adders and manage\u00adment teams to shape them into pan-Euro\u00adpean market leaders with global reach. As digi\u00adtal sove\u00adreig\u00adnty beco\u00admes incre\u00adasingly important to custo\u00admers, we see a major oppor\u00adtu\u00adnity for Europe to produce a multi\u00adtude of inter\u00adna\u00adtio\u00adnally compe\u00adti\u00adtive soft\u00adware champions.\u201d<\/p>\n
About PSG Munich, London, Boston \u2013 PSG Equity (\u201cPSG\u201d), a leading growth equity firm, has announ\u00adced the closing of its third Euro\u00adpean fund, PSG Europe III (\u201cPSGE III\u201d or \u201cthe Fund\u201d), with total commit\u00adted capi\u00adtal of over 4.4 billion euros. PSG specia\u00adli\u00adzes in part\u00adne\u00adring with soft\u00adware and tech\u00ad\u00adno\u00ad\u00adlogy-based service compa\u00adnies to drive trans\u00adfor\u00adma\u00adtive growth. The fund has [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":60959,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-60961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
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\n PSG Equity is a growth equity firm that helps soft\u00adware and tech\u00adno\u00adlogy-enab\u00adled service compa\u00adnies successfully navi\u00adgate trans\u00adfor\u00adma\u00adtive growth phases, capi\u00adta\u00adlize on stra\u00adte\u00adgic oppor\u00adtu\u00adni\u00adties, and build high-performing teams. With a total of more than 170 plat\u00adform invest\u00adments and over 550 add-on acqui\u00adsi\u00adti\u00adons, PSG Equity brings exten\u00adsive invest\u00adment expe\u00adri\u00adence, deep soft\u00adware and tech\u00adno\u00adlogy exper\u00adtise, and a clear commit\u00adment to part\u00adne\u00adring with manage\u00adment teams. PSG Equity was foun\u00added in 2014 and has offices in Boston, London, and Paris. For more infor\u00adma\u00adtion about PSG Equity, visit www.psgequity.com.<\/p>\n","protected":false},"excerpt":{"rendered":"