PSG buys software developer Nalanda

The deal values the company at around €80m, according to Spanish press reports.

PSG plans to drive Nalanda's growth organically, as well as through strategic M&A activity to support its expansion into new industry verticals and geographies.

This is the eighth platform investment made by the GP via its PSG Europe Fund, which held a final close on €1.25bn in February 2021.

Company
Established in 2000, Nalanda is a provider of risk management software for the engineering sector.

The business has a network of 350 clients and 45,000 suppliers.

The company generates annual EBITDA of around €5m from revenues of approximately €15m, according to press reports.

People
Nalanda Global – Juan Gil Rabadan (founder, CEO).
PSG – Charlotte Lawrence (director).

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