DN Capital in MBO of Datanomic from PE firm 3i
DN Capital, a growth capital and early stage investor focused on software and digital media markets, has bought out 3i’s interest in Datanomic, a compliance screening and data management software solutions provider. The size of the deal, which was carried out in conjunction with Datanomic’s management, has not been disclosed.
In 2009, Datanomic expanded into the North American market through strategic partnerships, such as Initiate Systems, and secured a “seven figure” contract with Barclays.
As the majority shareholder, DN Capital invested in Datanomic in August 2003 and has worked closely with the company to build its senior management team and develop its international growth strategy. 3i venture capital invested for a minority stake in Datanomic in March 2005. Following a period of strong company growth, 3i is divesting its stake as part of its current strategy to offload earlier stage investments.
Dr Jonathan Pell, CEO of Datanomic, said, "We're extremely pleased with the acquisition of 3i's stake in Datanomic. It enables the management team to have much greater input into the strategic direction of the business.”
Nenad Marovac, founding partner of DN Capital, added, "The Datanomic team, led by Dr Jonathan Pell, has demonstrated tremendous performance, growing the business over 100 per cent per annum for the past four years."
DN Capital’s portfolio companies include Shazam Entertainment, Endeca Technologies, Datanomic, OLX, Digital Chocolate and Tbricks. The firm has completed eight new investments since January 2008 from its latest fund, GVC II.
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Private Equity News» By News Type» Deal News
Private Equity News» By PE Sector» Buy-out
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Private Equity News» By News Type» Deal News
Private Equity News» By PE Sector» Buy-out
Private Equity News» By Region» Europe» Western Europe» United Kingdom
