Charterhouse Capital Partners LLP (“Charterhouse”), one of the longest established private equity firms operating in Europe, announced that it has made an investment in Vermeg, a leading provider of software and digitalisation solutions for the financial services industry. Charterhouse has acquired an equity stake from Crédit Mutuel Arkéa, a France-based cooperative and mutual bank insurance group, investing alongside the company’s founder and management team, who are retaining their shareholding in the company.
Rationale
- Vermeg has achieved remarkable organic growth and has pursued a successful buy-and-build strategy, completing three significant acquisitions over the past six years
- Charterhouse will work with Vermeg’s management team to continue to transform the company organically and through M&A initiatives, providing the financial and strategic support required to pursue its ambitious growth plans
- Charterhouse will support the company’s growth by further building on its leading market position and consolidating the fragmented financial software provider industry
Vermeg at a glance
Vermeg was founded in 2002 and provides bespoke software solutions to ca. 400 blue-chip clients in over 40 countries across the banking, insurance and wealth management industries; these include the likes of Santander, AXA, NN, BNP Baribas, and Deutsche Bank. Vermeg provides software solutions that are mission-critical to its clients’ operations and has seen consistently growing demand for its solutions. The company’s high-quality platform provides customers with best-in-class tools and application programming interfaces to automate process digitalization, and is a driver of growth in the financial services sector through digital transformation. The company employs over 1,400 people worldwide and is headquartered in Amsterdam, with offices in 16 countries.
Charterhouse at a glance
Charterhouse is one of the longest established private equity firms operating in Europe with a growth-focused approach and investing in transactions between €200m-€1.5bn of total value. Charterhouse follows a selective, conviction-led approach to invest in high-quality mid-market European companies across the services, healthcare, industrials and consumer sectors. Charterhouse sources attractive investment opportunities often ahead of any process with the long-term ambition of driving transformational change.
