Reports today suggest that European Capital, the private equity arm of alternative asset manager American Capital, is to cease its European buyout activities at the behest of its parent due to the worsening economic climate.
With the support of Main Capital, the group plans to build a software platform and expand internationally
Senior members of the private equity firm personally contributed to the fund
GP first invested in the cloud software provider in 2017 and owns a majority stake in the company
Investment in the Hamburg-based digitalisation consultancy is the second from Ufenau VI