PSG Equity Holds Final Close Of Second European Fund At More Than 2.6 Billion

 


PSG Equity, a prominent growth equity firm specializing in software and technology-enabled services companies across Europe, North America, and Israel, has successfully concluded the PSG Europe II (PSGE II) fund with commitments exceeding €2.6 billion, surpassing its initial target. This sizable fundraise garnered support from a diverse range of investors globally, including state pension funds, sovereign wealth funds, family offices, and high-net-worth individuals. PSGE II focuses on exclusively investing in European software companies and significantly surpasses the size of its predecessor, PSG Europe I, which secured over €1.3 billion in commitments during its final close in January 2021.

With Europe representing the world's second-largest IT and software market, PSG recognizes the vast opportunity for investment in the digitalization of the European economy. The software segment is a fast-growing sector, driven by innovations like generative AI, and is expected to reach a substantial $309 billion market size by 2026. PSG views the European software landscape as highly fragmented, comprising numerous high-quality point solution providers, often with a single-country or single-strategy focus. This fragmentation offers significant investment potential, and PSG leverages its local expertise, extensive operational support capabilities, and a proven track record of growing B2B software businesses organically and inorganically.

Mark Hastings, Chief Executive Officer of PSG, envisions PSGE II capitalizing on the digital transformation wave sweeping across European businesses, leading to increased adoption of digitization and automation tools. This drive toward enhanced customer service, productivity, and operational security creates substantial investment opportunities across various economic sectors.

PSG stands out as one of the most active investors in the European growth stage B2B software sector, with a team of nearly 200 professionals spanning Europe, North America, and Israel. PSG's success is rooted in its ability to blend global sourcing, operational excellence, and business functions infrastructure with localized market knowledge, making it a strong partner for investment in growing B2B software companies.

The firm's investment strategy revolves around scaling single-country, single-product software companies through both organic and inorganic growth into multi-country, multi-product pan-European champions across diverse markets, all while supporting their global growth ambitions. PSG, with its U.S. origins and extensive resources, offers valuable support for market expansion in North America.

Dany Rammal, Managing Director and Head of Europe at PSG, highlights the tremendous growth the firm has experienced since its inception in 2019, emphasizing PSG's appeal to ambitious founders looking to create pan-European software champions and expand globally, including in North America. PSG plans to leverage its global software expertise to invest in innovative businesses that harness cutting-edge technologies like generative AI, driving growth and automation across sectors such as cybersecurity, fintech, payments, verticalized ERP and CRM solutions, and workforce management.

Read More - https://www.techdogs.com/tech-news/business-wire/psg-equity-holds-final-close-of-second-european-fund-at-more-than-26-billion

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