Goldman Sachs, Kennet sell Nuxeo to Hyland Software 

The two sponsors are expected to make a 5x return on their investment in Nuxeo.

Goldman Sachs and Kennet acquired Nuxeo from Apicap in 2016, investing $20m and $10m, respectively. 

Under their ownership, the company accelerated its growth trajectory, increased its market visibility and expanded its customer base across the financial services industry, as well as other sectors.

Previous funding
Apicap, at the time known as OTC, provided Nuxeo with a $2.6m funding round in December 2008, taking a 41% stake in the company.

The GP committed a further $3.3m in June 2010, after the company's launch in North America and opening of an office in New York.

In September 2013, OTC Asset Management and OTC Extend provided another $3.8m round of growth capital funding for Nuxeo, aiming to support the group's consolidation in the US market.

Company
Established in 2000, Nuxeo provides enterprise content management software. Its platform focuses on digital asset management for companies with fast product life cycles such as media, fashion and consumer electronics, and enterprise content management for financial institutions.

Nuxeo has a range of global customers, including ABN-Amro, Fox, Electronic Arts, CVS and Siemens. 

The company is headquartered in Paris and New York, with an additional office in London.

People
Kennet Partners – Michael Elias (managing director).
Goldman Sachs Growth Equity – Christian Resch (managing director).
Nuxeo – Eric Barroca (CEO).

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