Shackleton Ventures is thrilled to announce its 28th profitable exit with the sale of Stuarts Properties, a commercial property company that has proven to be another excellent investment. This exit marks an important milestone because it allows us to feel that, in our way, we are living up to the spirit of Shackleton’s great Antarctic expedition a century ago. In 1914, Sir Ernest Shackleton [...]
We are pleased to announce that we have effected the sale of IRT Surveys to Mears Group PLC, the leading provider of services to the Housing sector in the UK. IRT is an investment in Shackleton's third fund, SS3 LP and Shackleton's representative Deborah Hudson has played an active role in the development and ultimate exit of the business. Headquartered in Dundee, IRT provides a range [...]
Today, Finleap portfolio company, Penta announced that it will be acquired by Qonto. Qonto is the market leader in digital financial management for small and medium-sized enterprises (SMEs), sole proprietors and freelancers in France and operates throughout Europe; Penta is the market leader in this segment in Germany. The transaction is expected to be finalised in the coming weeks. The merger of the two market [...]
We were really pleased that after a long and challenging process, Gorilla Technology Group Inc. (“Gorilla”) has achieved its public listing. (Nasdaq: “GRRR” for ordinary shares and “GRRRW” for warrants). Gorilla is a global leader in edge video analytic artificial intelligence, IoT technologies, and cybersecurity. Today it announced the completion of its previously announced business combination with Global SPAC Partners. The Business Combination provides a [...]
Bluebox Aviation Systems, the leading provider of cross-platform wireless in-flight entertainment (W-IFE), has bolstered its management team to pursue an ambitious business plan as the aviation sector emerges from the global pandemic. Bluebox has already seen an uptick in new opportunities and overall very high demand for its solutions, with new and existing customers wanting to tap into the potential digital platforms offer in terms [...]
The Shackleton team is delighted to announce that we have helped Nandi Proteins to recruit David Flower to the role of Chief Executive Officer. David is an exceptional talent, having previously served as Managing Director, Europe, for Singha beer maker the Boon Rawd Brewery Company, and before that as Managing Director Home Baking for Kerry Foods. David has also been a Managing Director at Noon [...]
We are delighted to announce that, IRT Surveys, a Shackleton portfolio company, has scooped a £5.2m project with Aberdeen City Council to deliver a major decarbonisation retrofit scheme across the Council's social housing properties. The energy efficiency project, which is backed by the Government’s newly launched Social Housing Decarbonisation Fund Demonstrator, continues a long-term partnership between IRT Surveys and Aberdeen Council that spans 20 years. In [...]
We are pleased to announce that we have sold our interest in OmPrompt to Eurazeo-backed Elemica International, Inc. OmPrompt is a leading developer of AI-based SaaS systems for processing order entries for consumer goods and healthcare companies. We originally acquired a significant interest in OmPrompt in December 2008 when we bought out equity investors and bank debt after OmPrompt’s momentum slowed in the global downturn. [...]
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 [...]
SAN RAMON, Calif.-- Globetouch has rebranded to Airlinq. The leading connected car and IoT platform provider for automakers and mobile network operators, has announced a new name and a new branding. The initiative is part of its large-scale global expansion and diversification drive in 2020. Shackleton supported the company's most recent $40 million (Series C) funding in 2017 alongside Verizon Ventures, DTCP and Hermes Growth [...]
