London-based Kennet closes sixth fund at €266 million to invest in B2B SaaS across Europe

Transatlantic development equity financier Kennet has actually increased EUR266 million for its biggest fund to day, Kennet VI. Kennet has actually currently started to release this resources right into capital-efficient B2B SaaS business throughout Europe, consisting of Screendragon in Ireland and the UK, and Liquid Topics in France.

Kennet VI improves the success of the previous 5 funds’ financial investment theses. Kennet, with 25 years of experience and and an excellent record throughout numerous market cycles, not just has actually increased its biggest ever before fund in a tough macro setting, it has actually likewise remained to provide leaves, such as Eloomi in January 2024 producing a 3.1 x money multiple. This adheres to countless effective leaves over the last few years consisting of Nuxeo (5x), Dext (3.8 x), CrossBorder Solutions (6.4 x), Rimilia (2.5 x), and Impartner (2.6 x).

Kennet concentrates specifically on buying developed, high-growth B2B SaaS innovation business which are founder-owned and either extremely resources reliable or completely bootstrapped. The financial investment from Kennet is usually the initial outside financing that business obtain and is made use of to range and increase globally, develop top quality monitoring groups and develop calculated worth.

Michael Elias, Taking Care Of Supervisor at Kennet Allies, claimed: ” Each time when the marketplace has actually identified that ‘development regardless’ is no more reasonable, our enduring conventional method has actually interested financiers. Kennet’s risk-balanced method gives financiers with the development related to cutting-edge innovation, while keeping a reduced failing price. We have actually shown over countless fund cycles that resources reliable B2B SaaS organizations use appealing financial investment possibilities which aiding business owners develop exceptional monitoring groups and get in worldwide markets stays a winning formula.”

Hillel Zidel, Taking Care Of Supervisor at Kennet Allies, included: ” Our tried and tested method is based upon the connections we develop with bootstrapped creators, comprehending that this will certainly be a long-lasting relied on collaboration. Unlike venture-backed organizations, our creators have actually usually not taken outside financial investment in the past– they require to understand they are collaborating with the appropriate group to understand their worldwide passions.”

Kennet VI was increased as component of an effective collaboration with Edmond de Rothschild Private Equity which started in 2017. Edmond de Rothschild is a foundation financier in the Kennet VI fund and the financial institution’s worldwide customer base has actually had top priority accessibility to the fund. British Individual Resources, Federated Hermes Private Equity and Bpifrance likewise dedicated to the fund.

Francois-Xavier Vucekovic, CIO at Edmond de Rothschild Private Equity, commented: ” Our dedication is to sustain and support business that go to the leading edge of advancement and worth production. The success of this fundraising initiative, specifically in the present difficult setting, is a testimony to the stamina and importance of Kennet’s calculated method. By leveraging advanced technology remedies, Kennet makes sure the sustainability and development of their customers’ service versions, allowing them to flourish in a swiftly developing market.”

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