7 June 2022. 3i Group plc (“3i”) today announces that it has agreed to invest in xSuite, a leading accounts payable process automation specialist focused on the SAP ecosystem. 3i will invest alongside the previous owners, funds advised by PINOVA Capital GmbH (“PINOVA”) and the management team, who are reinvesting in the business as minority shareholders.
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Target – XSuite Group GmbH
Buyer – 3I GROUP PLC
Buyer – Pinova Capital GmbH
Buyer – Management Team
Seller – Shareholders