Newlands, Hermes GPE invest in Capsule
Newlands Capital has completed a minority investment in customer relationship management (CRM) platform Capsule, with support from Hermes GPE.
The total investment is in excess of £2m.
Newlands focuses on making investments of up to £20m in businesses making profits of £1-5m.
Hermes GPE is currently invested from Private Equity Co-investment IV, which closed on $603.5m in November 2019.
Following several recent product launches, the company expects to launch a Microsoft 365 integration in early 2021, and has a pipeline of new products in development to follow.
Company
Capsule was launched in 2009 to provide a CRM platform. Manchester-based Capsule generates 60% of its sales outside the UK, including 20% in the US.
People
Capsule – Duncan Stockdill (CEO).
Advisers
Equity – RSM (financial due diligence, tax); Eversheds (legal); CIL (commercial due diligence); Intechnica (IT due diligence); EY (tax); AJ Gallaghers (insurance due diligence); Parmentier Arthur (tax).
Company – Obair Partners (corporate finance); Dentons (legal); Alexander & Co (tax).
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