White Clarke Group has received a ‘significant’ equity investment from Five Arrows Principal Investments, the corporate private equity arm of Rothschild & Co.
The automotive, consumer, and asset finance technology and software provider was founded in 1992, and created the CALMS product range, designed to automate business processes.
The group has over 100 customers in more than 30 companies, and hopes that the investment from Five Arrows will allow it to increase its scale in the face of increasing customer demand.
As part of the deal, Brendan Gleeson, the current executive vice president at White Clarke will become group chief executive officer.
Gleeson said: “Five Arrows Principal Investments’ confidence in White Clarke Group and its CALMS product is a significant endorsement of our strategy and the way we have transformed the business over the last 5 years.
“I very much look forward to working with the leadership team to ensure White Clarke Group achieves its considerable potential.”
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Ed White, who currently serves as president and chief executive officer of White Clarke Group, will become chairman.
White said: “With a strong executive leadership team and Brendan’s passion for the business, White Clarke Group is well-positioned to move to the next stage of its growth trajectory. I believe Five Arrows Principal Investments will be an ideal shareholder.”