Bahrain-based alternative investments manager Investcorp’s portfolio company Impero has acquired Netop from Denmark’s Consolidated Holdings A/S.

While Impero provides online student safety and classroom and network management softwares, Netop is an international software solutions supplier to the education and corporate sector.

The addition of Netop will significantly increase Impero’s scale and presence in the United States and has the potential to meaningfully increase Impero’s total and recurring revenue base, Investcorp said in a statement.

Gilbert Kamieniecky, managing director and head of Investcorp’s Private Equity Technology business, said: “The addition of Netop will provide Impero with the potential to accelerate its growth in the United States, whilst also bringing high quality technology, an international customer base, and an excellent team.

“Impero and Netop are highly complementary businesses and we are excited by the compelling growth and value-creation potential of the transaction and the strong progress that Impero is continuing to deliver on its strategy,” he added.

The terms of the transaction were not disclosed. However, the deal is expected to close in the next four weeks, subject to customary closing conditions, Investcorp said.

According to Ali AlRahma, Private Equity Product Specialist at Investcorp, Impero’s acquisition of Netop comes at a time when both students and professionals around the world need the technology solutions provided by these two organizations.

(Writing by Brinda Darasha; editing by Seban Scaria )

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021