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Cinven investment in drake software

WebNov 14, 2024 · Its new partner, Drake Software, has been a go-to provider of professional tax preparation software for tax offices and accountants across the United States. Cinven made an undisclosed investment into Drake in 2024 to promote its growth, and this new deal is the apparent next step. WebSep 8, 2024 · Cinven has raised a total of $49.3B across 8 funds, their latest being Strategic Financials Fund. This fund was announced on Jul 12, 2024 and raised a total of $1.5B. Cinven has made 10 investments. Their most recent investment was on Feb 5, 2024, when Drake Enterprises raised Cinven has had 6 exits.

Cinven to invest in Drake Software

Cinven is a private equity firm based in London. Some of the recent acquisitions include: • Avio – In August 2006, Cinven purchased Avio from Carlyle and Finmeccanica for an enterprise value of $2.6 billion. • Spire Healthcare (previously BUPA Hospitals) – In June 2007, BUPA announced that it had agreed to sell its hospitals business, comprising 25 hospitals, to Cinven for $1.44 billion ($2.8 billion/$2.13 billion). Spire has since acquired the Classics Hospital Group fo… tela panama estampada https://zappysdc.com

Private Equity Firm Cinven to Invest in Drake Software

WebInvestment Management Liability Risk Management LIBOR Transition Life Sciences Licensing, Collaborations & Joint Ventures Litigation Mergers & Acquisitions Multidisciplinary Crisis Management Natural Resources Private Client Private Equity Private Funds Real Estate Investments & Transactions Registered Funds Risk Management WebNov 1, 2024 · Cinven Drake Software Mergers and Acquisitions TaxACT Social The US government ramps up its pressure campaign against TikTok Taylor Hatmaker 3:55 PM PDT • March 16, 2024 WebNov 1, 2024 · Cinven to Acquire TaxAct. November 1, 2024. Cinven will bring TaxAct and Drake Software, a Cinven portfolio company, together over time under a new holding … tela palm beach

Cinven Portfolio Investments, Cinven Funds, Cinven Exits - CB …

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Cinven investment in drake software

Private Equity Firm Cinven to Invest in Drake Software

WebNov 2, 2024 · Cinven has agreed to acquire American digital tax filing assistance software and services company TaxAct in a deal worth around $720m. Upon closing the transaction, the UK-based private equity firm will combine TaxAct’s business with Drake Software, which is another tax preparation software company. WebNov 24, 2024 · “We are partnering with Cinven in order to accelerate our growth, while still remaining anchored in Western North Carolina,” said Drake. “This partnership is going to …

Cinven investment in drake software

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WebCinven’s Post Cinven 41,895 followers 1y Report this post Report Report. Back ... WebCompany Type For Profit. Investor Type Private Equity Firm. Investment Stage Private Equity. Number of Exits 6. Contact Email [email protected]. Phone Number 44- (0)20 …

WebJun 1, 2024 · Cinven’s investment in think-cell builds on its successful track record in TMT, including the recent realisations of: Allegro, an online marketplace in Poland, listed on the Warsaw Stock Exchange in October 2024; Visma, a leading business solutions provider, in May 2024; Ufinet Group, a provider of fibre infrastructure and transmission services … Web5 rows · Feb 5, 2024 · On February 5, 2024, private equity firm Cinven invested in software company Drake Software ...

Web6 hours ago · Drake Bell, who is popularly known for his work in Nickelodeon's 'Drake & Josh', has been finally found to be safe and sound, after he was reported "missing and endangered." ... Infosys forecast its slowest revenue growth in six years of 4-7% for fiscal year 2024 as India’s second-largest software exporter flagged “ramp-downs” of client ... WebFeb 8, 2024 · Cinven to back Drake Software. February 8, 2024. Cinven has agreed to invest in Drake Software, a North Carolina-based provider of tax preparation software. Established in 1977, Drake has more than 600 employees across North Carolina, Tennessee and Virginia.

WebFeb 5, 2024 · International private equity firm, Cinven, today announces that it has agreed to make a significant investment into Drake Software (‘Drake’ or ‘the company’), a …

WebFeb 5, 2024 · Ropes & Gray advised Cinven, an international private equity firm, in its agreement to make a significant investment in Drake Software, a provider of software … tela panama negraWebNov 1, 2024 · Cinven made its significant investment in Drake in 2024 to support the next stage of the company’s growth. Drake Software offers comprehensive tax preparation software, servicing more than 70,000 tax offices throughout the U.S. Dom Morea will remain president and chief executive officer of Drake Software and Curtis Campbell will … tela panama para bordarWebApr 13, 2024 · About Cinven. Cinven is a leading international private equity firm focused on building world-class global and European companies. Its funds invest in six key sectors: Business Services, Consumer ... tela pandoraWebInvestment team. We operate as one world-class team, collaborating across sectors, regions, disciplines and functions, with a single strategic purpose. Capital Markets team. Our Capital Markets team helps our … tela panama tapiceriaWebNov 18, 2024 · This transaction represents Cinven’s third majority investment in a founder-owned business in 2024 following its investments in Drake Software, a leading provider of professional tax... tela panama grisWebFeb 5, 2024 · Ropes & Gray advised Cinven, an international private equity firm, in its agreement to make a significant investment in Drake Software, a provider of software for tax preparers.Financial details of the transaction were not disclosed. The deal was announced in a February 5 press release.. The team advising Cinven was led by private … tel apapWebJan 6, 2024 · “Since investing in Drake in 2024, Cinven has set out to support the Company’s growth plans, including expanding its presence in the professional tax preparation market, renewing its technology platform … tela papel para pintar