Private Equity News – UK Carlyle Acquires Majority Stake in Incubeta for $130 Million
Carlyle Group, one of the world’s leading private equity firms, has announced that it has acquired a majority stake in Incubeta, a leading provider of software development services. The investment firm values the company at $1.5 billion and plans to use Incubeta’s technologies to help its portfolio companies improve their software development processes. With its strong technology background, Incubeta will be a valuable addition to Carlyle’s existing portfolio companies.
Carlyle acquires majority stake in Incubeta
Carlyle Group has acquired a majority stake in Incubeta, a leading provider of automated software for the pharmaceutical industry. The investment is expected to help grow both companies’ businesses and capabilities. The transaction is subject to customary closing conditions, including regulatory approvals.
The Carlyle Europe Technology Partners (“CETP”) platform will support Incubeta in accelerating its international growth plan through the development of its existing suite of services and acquisitions, as well as investing in the company’s commercial operations and proprietary technology. CETP has extensive experience in scaling technology and marketing services businesses through its partnerships with leaders in their respective markets, including companies such as DEPT, HSO, Work & Co, and The Mill.
Andrew Tan, Director in the CETP investment advisory team, said: “Incubeta has all the hallmarks we look for in our investments – exposure to a market benefiting from strong tailwinds, partnership with an experienced and driven management team, and multiple levers for growth, including international expansion. We look forward to partnering with Incubeta’s management team under the leadership of CEO Lars Lehne to help accelerate the next phase of the company’s growth as it seeks to become the leading global partner of choice in the fast-growing GMP ecosystem.”
Lars Lehne, CEO of Incubeta, said: “We are very proud of the significant growth that Incubeta has achieved, having completed five acquisitions over the past two years and becoming a key partner in the Google ecosystem. We strongly believe Carlyle is the perfect partner as we take the next step in our growth journey, given its global presence, deep understanding of our sector, and extensive experience in scaling technology and marketing services businesses.”
Conclusion
Carlyle has acquired a majority stake in Incubeta, a leading provider of software development services. The investment will help Carlyle strengthen its position in the software development market and support the growth of the company’s services.
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