Acquisition

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Trutac: Shackleton’s 23rd Profitable Exit

We are pleased today to announce the sale of Trutac to Microlise.  The transaction sees the Coventry-based experts in fleet compliance and management software becoming a part of the Microlise group, which itself offers a broad range of fleet solutions including vehicle tracking, telematics and journey management. This is Shackleton’s 23rd profitable exit, delivering an IRR of 23%. Since our initial investment in 2010, Trutac has [...]

2020-03-09T18:53:16+00:00March 9th, 2020|Categories: Acquisition, News, Press Release|Tags: , |

FinLeap acquires Penta to strengthen its Ecosystem

Shackleton investee Finleap announced today the acquisition of Penta, the digital business banking solution.  Penta will complement a number of Finleap portfolio companies, and will work particularly closely with Beesy, which offers digital banking and accounting for freelancers in Italy. Penta delivers fast and easy business banking. It counts over 5,500 digital businesses (including for example AirHelp, bepro11 and Global Digital Women) as customers. [...]

2019-04-11T08:24:53+00:00April 2nd, 2019|Categories: Acquisition, News|Tags: , , |

Marriage with Figo

Shackleton portfolio company FinLeap today announced the merger of Figo and Finreach solutions. Both companies are well-known fintech pioneers. Finreach is already a FinLeap company. Figo was formed in 2012 and has to date received some €10 million from angel investors, Deutsche Börse, and Berliner Volksbank Ventures. The merger will create the leading European Software-as-a-Service (SaaS) API platform for finance. - Markus Dränert, Cornelia Schwertner [...]

2019-04-11T08:26:16+00:00March 5th, 2019|Categories: Acquisition, News|Tags: , , , , |
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