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PSG Takes Majority Stake in Nalanda Global
PSG, a growth equity firm that focuses on partnering with middle-market software and technology-enabled service companies, has acquired of a majority stake in
Nalanda Global, a Software-as-a-Service company providing supplier risk management software.
“Nalanda is a leading digital automation solution operating with a significant addressable market across multiple large sectors,” said
Dany Rammal, managing director and head of the PSG Europe team. “We believe Juan Gil Rabadan and the Nalanda team have built an exceptional business, and we’re excited to be working closely with them to support the company’s future development.”
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PSG Europe met with strong demand from new and existing PSG investors
PSG, a leading growth equity firm partnering with lower middle-market software and technology-enabled service companies, today announced that it closed PSG Europe, the firm s debut Europe-focused fund, with €1.25 billion in limited third-party partner commitments.
The fund, which was oversubscribed, received commitments from existing and new PSG investors, including state pension funds, sovereign wealth funds, family offices and high net worth individuals. The final close of PSG Europe brings PSG s aggregate capital commitments across the U.S. and Europe to more than $5 billion.
The London-based PSG Europe team consists of 22 investment professionals advising on fund investments in European growth-stage and lower middle-market software and B2B services companies. PSG s European investment strategy mirrors the firm s buy and build strategy in the U.S., which has a track record of partnering with manage