Impero announces new owners Investcorp Technology Partners in $36.3M transaction
1st August 2017
Impero is delighted to announce Investcorp Technology Partners as our new owners, in a $36.3 million deal signed on July 31st 2017.
Impero has selected technology professionals Investcorp Technology Partners to back the company in its next phase of business growth. This exciting transaction follows a series of exciting changes since a management buy-out by Connection Capital in 2014, which saw Impero undergo a transformation to professionalize the business, strengthen the management team, establish growth in overseas territories and build an impressive market share and leadership position in the UK. Having hit all business KPIs for the last two financial years, and off the back of record results in its latest published accounts, Impero and owners Connection Capital agreed that it was time for the company to move to the next level.
Sam Pemberton, CEO of Impero says, “We recognized that, as a business, having achieved everything we set out to achieve with Connection Capital it was time to find new owners with a wealth of experience in the EdTech space, who would help us deliver on our next set of business goals and with the expertise to drive international expansion. We were impressed by Investcorp Technology Partners’ knowledge of our sector, enthusiasm and deep understanding of our business and commitment to growth. I am delighted to be working alongside their world-class team.”
Investcorp Technology Partners has a strong track record in the tech space, investing in European-headquartered technology companies with strong management teams. Commenting on the investment, Gilbert Kamieniecky, Managing Director of Investcorp, said, “The mission critical nature of Impero’s product offering, its strong reputation with customers and its attractive growth prospects in the UK and abroad represent a very attractive investment opportunity for Investcorp Technology Partners. Its best-in-class safeguarding software and high levels of recurring revenue have allowed it to secure a leading market position. These fundamental business strengths make it an ideal candidate for Investcorp Technology Partners to partner with.”
Read the press release here.