Harris Williams Advises H.I.G. Capital on its Strategic Growth Investment in Cleo
June 15 2021 - 4:12PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised an affiliate of
H.I.G. Capital (H.I.G.) on its strategic growth investment in Cleo.
Cleo is a next generation cloud-based ecosystem integration
platform that brings together end-to-end integration visibility
across API, EDI and non-EDI integrations. The transaction was led
by Erik Szyndlar, Andy Leed and Priyanka Naithani of the Harris
Williams Technology Group.
“Cleo has established itself as a category leader in ecosystem
integration software, providing unique solutions to the challenges
facing enterprises competing in today’s digital and highly
interdependent e-commerce and software-driven world,” said Priyanka
Naithani, a director at Harris Williams. “The need for
multi-enterprise supply chain integration is particularly urgent in
industries like manufacturing, logistics, wholesale distribution
and retail, among others. In these industries, some of the core ERP
and transaction systems are still running on legacy applications,
while a new layer of cloud-based applications are being deployed
using next-generation technologies. Cleo Integration Cloud
simplifies the complexity this creates.”
“The complexity of deployments, including on-premises, hybrid,
private and public, also add a level of difficulty that needs to be
navigated,” added Erik Szyndlar, a managing director at Harris
Williams. “H.I.G.’s investment will enable Cleo to continue to
accelerate its technology investments, speed up the roll-out of its
newest cloud products and expand into new verticals with its unique
ecosystem integration platform, as well as accelerate its M&A
strategy.”
H.I.G. is a leading global private equity and alternative assets
investment firm with $44 billion of equity capital under management
(based on total capital commitments to funds managed by H.I.G. and
its affiliates). Based in Miami, and with offices in New York,
Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in
the U.S., as well as international affiliate offices in London,
Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, and São
Paulo, H.I.G. specializes in providing both debt and equity capital
to small and mid-sized companies, utilizing a flexible and
operationally focused/value-added approach. Technology and Software
in particular is one of the key sectors on which H.I.G. is
strategically focused. Since its founding in 1993, H.I.G. has
invested in and managed more than 300 companies worldwide. The
firm’s current portfolio includes more than 100 companies with
combined sales in excess of $30 billion.
Cleo is an ecosystem integration software company focused on
business outcomes, ensuring each customer’s potential is realized
by delivering solutions that make it easy to discover and create
value through the movement and integration of B2B enterprise data.
Cleo gives customers strategic, “outside-in” visibility into the
critical end-to-end business flows happening across their
ecosystems of partners and customers, marketplaces, and internal
cloud and on-premise applications. The company’s solutions empower
teams to drive business agility, accelerate onboarding, facilitate
modernization of key business processes and capture new revenue
streams by reimagining and remastering their digital ecosystem
through robust application, B2B and data integration
technologies.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Technology Group advises leading private and
public companies, founders, and private equity, growth equity and
venture capital firms on mergers and acquisitions and
capital-raising transactions worldwide. The Technology Group has
deep domain expertise in software and technology-enabled services
and dedicated focus areas across a variety of vertical software
applications and end markets. For more information on the
Technology Group and its recent transactions, visit the Technology
Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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Media inquiries: Julia Moore media@harriswilliams.com
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