EQT Private Equity acquires majority stake in sustainability software company AMCS
Summary
The co-founder, management, and others including existing majority investor Insight Partners, as well as Clearlake Capital, Highland Europe and the Ireland Strategic Investment Fund are expected to retain minority stakes. According to the company, its SaaS platform, including Enterprise Resource Planning, recycling, transport, and EHSQ & ESG software, helps AMCS to support its customers shift towards a more circular economy. AMCS market has benefitted from the growth in complexity associated with shifting to greater circularity in supply chains, as well as cloud software adoption trends, and increasing regulatory and sustainability reporting. EQT Private Equity will contribute its extensive experience in software value creation to support AMCSs growth and sustainability ambitions. Robert Maclean, Partner in the EQT Private Equity advisory team, said: "We have followed the progress of AMCS closely for many years and have been hugely impressed by what it has achieved, establishing itself as a clear market leader and delivering continuous innovation on behalf of its customers."