With limited expertise in the software-as-a-service (SaaS) sector, Encore Capital’s exit of digital marketing company Pure360 is a shining example of how the asset class really can drive operational improvement. Alice Murray speaks to the partners to find out how they achieved a 4x return in just four years.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio