Levine Leichtman Capital Partners (LLCP), an international private equity firm, has made a significant investment in cleversoft Group, a top-tier provider of regulatory software for the financial services sector.
The investment, the details of which remain undisclosed, sees LLCP joining hands with cleversoft’s founder, Florian Clever, and the company’s existing management team. The investment will also see Main Capital Partners, cleversoft’s financial sponsor since 2018, exit the firm.
Established in 2004, cleversoft operates across Europe, offering indispensable regulatory software to the financial services industry. The firm services over 700 global banks, asset managers, and insurers, helping them to effectively adapt to the constantly shifting regulatory landscape and maintain compliance. Operating from its Munich headquarters, cleversoft employs more than 150 staff and operates additional offices in Luxembourg, the Netherlands, and Bulgaria.
Cleversoft plans to use the new funding to bolster its future ambitions and solidify its position as a global leader in the RegTech industry. Florian Clever and the existing management team will continue to helm the company.
Additional comments provided by Matthias Tabbert, Head of DACH at LLCP, highlighted that this new partnership with cleversoft represents LLCP’s first platform investment in the DACH region since the establishment of their Frankfurt office the previous year. This significant step marks a crucial moment in LLCP’s continued expansion in Europe.
In a statement, Florian Clever said, “Our new partnership with LLCP is the next significant step in the growth of cleversoft. The investment will provide our company with the resources and support necessary to fuel our future ambitions and consolidate our position as a global leader in the RegTech industry. We look forward to working closely with the LLCP team to build on cleversoft’s considerable momentum.”
Echoing Mr. Clever’s enthusiasm, Matthias Tabbert, Head of DACH at LLCP, stated, “We are thrilled to partner with Florian and his leadership team to support cleversoft as the company continues to aggressively scale worldwide, both organically and through select acquisitions.”
Josh Kaufman, Head of Europe at LLCP, affirmed that, “cleversoft was early to recognise the rising regulatory and compliance needs of the world’s largest financial institutions, and successfully built a market-leading suite of software solutions to address these complex demands.”
This deal represents the fourth platform investment for LLCP’s Lower Middle Market Fund III, L.P.
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