We are delighted to announce the sale of Exterity to French company Vitec S.A. Exterity, based in Dalgety Bay, Scotland, is a market-leading provider of IPTV Technology, Digital Signage and Guest Experience solutions. Shackleton’s third fund, Shackleton Secondaries 3 LP, originally acquired a significant interest in Exterity in April 2014 as part of a portfolio of 13 investments. Shackleton played an active role on the [...]
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 [...]
We are delighted to announce that Shackleton investee, PanInsight (trading as Panintelligence) has secured fresh investment from YFM Equity Partners and Cohmar Capital. The £4.5 million transaction will allow the company to pursue its next phase of growth and allows a partial cash exit for Shackleton and other founder investors. This also represents Shackleton's 22nd profitable realisation. PanIntelligence is a rapidly scaling data visualisation, reporting [...]
We are pleased to announce the sale of Shackleton portfolio company DEM Solutions to Altair Engineering Inc., (Nasdaq:ALTR). This is our 21st profitable exit. DEM Solutions' lead product, EDEM, is the market-leader in Discrete Element Method (DEM) software for bulk material simulation. Blue-chip companies around the world also use EDEM to reduce costs of operations, shorten product development cycles and drive product innovation. In addition, [...]
We are pleased to announce the successful sale of Lewmar Marine to LCI (NYSE: LCII) subsidiary, Lippert Components, Inc. Founded in 1948, Lewmar has become one of the world’s premier suppliers of leisure marine equipment for yachts, sailboats, and powerboats. Shackleton originally acquired a significant interest in Lewmar in December 2007 as part of a direct equity portfolio bought from 3i Group (FTSE: III). At [...]
We are very pleased to announce that we have successfully exited our investment in Cummings & Morrish (Investments) Limited. We originally acquired a 40% interest in Cummings & Morrish at a time when the company owned a number of commercial properties in Dorset. These have now all been sold at good prices and the bulk of the proceeds distributed to shareholders. Hugh Stewart, Managing Partner [...]
Shackleton Ventures, the specialist direct secondaries venture investor, has successfully exited its investment in Creditcall, a payments solutions company, headquartered in Bristol, UK. CreditCall, which gives its clients market-leading payment acceptance functionality, and processes over $5bn of transactions per year was acquired by NMI Inc, a leading US technology provider of payments enablement. When Shackleton first invested in CreditCall, the company was primarily involved in payments systems for telephony. Shackleton played the [...]
