Zubr Capital and the European Bank for Reconstruction and Development (EBRD) have sold their stakes in enterprise planning software Targetprocess to US-based Appito, a portfolio company of Vista Equity Partners.
Buyer adds cosmetic surgery chain to portfolio of healthcare assets; is targeting IPO on Nordic Growth markets
Flexible remit allows EUR 2bn vehicle to invest through macroeconomic uncertainty
Fund-of-funds has made two investments to date and plans to attract further European institutional LPs
Acquisition of the Swedish customer and employee feedback platform follows a Houlihan Lokey-led sale process