Kayne Partners has exited finance software and services provider Consero Global following the $50m investment from BV Investments.
Last week, BV Investments made a $50m investment into Consero in collaboration with the company’s founders and management. Kayne Partners had previously invested into Consero in 2015 as part of a $5m growth investment.
During the holding period, the firm has helped the company to cement its position in the market, scale its operations, and lower F&A expenses. Not only did Kayne supply the company with capital, but also helped to grow Consero’s customer base, hire more staff and move into new geographical markets.
Consero CEO Scott Tynes said, “Thanks to Kayne Partners’ strategic and financial support and Kayne’s extensive network, we were able to achieve growth in a meaningful way. The trust we developed with Kayne Partners enabled us to form a true partnership, which helped us reach our goals beyond a mere capital infusion.”
Founded in 2006, Consero offers mid-sized companies a finance and accounting platform. Its services include tools for bookkeeping, budgeting and forecasting, financial modelling, analytics, investor relations, external reporting, and compliance management.
The Austin-based company recently revealed its new SIMPL financial management console which comes with traditional CFO, controller and bookkeeping services. The cloud-based commend centre gives clients financial clarity on the performance of the business and a scalable infrastructure to support daily business operations and accounting processes.
Following the new capital injection from BV Investment, Consero is looking to grow organically through the development of its platform.
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