Sagard NewGen has made an investment in kShuttle

kShuttle

Established in 2016, kShuttle offers a software as a service platform, focused on regulatory reporting, including various modules such as IFRS16, CSRD, carbon footprint calculation and management and European Union taxonomy. These solutions help chief financial officers and chief sustainability officers of both large corporations and small to medium enterprises meet current and upcoming financial and sustainability standards. With a team of 150 employees, over a third dedicated to research and development (R&D), kShuttle operates offices in France, Luxembourg, Austria, Morocco and Tunisia. The company supports more than 160 clients both domestically and internationally and benefits from a robust partner network. Known for the technical expertise of its R&D team, seamless project execution and high customer satisfaction, kShuttle is on track to achieve over €14 million in revenue in 2024, with an annual growth rate of 30%.

The Deal

Sagard NewGen brings international experience and expertise in supporting fast-growing, profitable business-to-business software companies to boost kShuttle’s expansion throughout Europe and reinforce its leading position in France, while kShuttle’s innovative platform addresses important regulatory challenges in financial and sustainability reporting. By combining its strengths in technology, networks and market leadership, they will capitalize on growth opportunities in Europe.

Our Perspective

Matthieu Rosset, Lincoln International Managing Director who led the transaction, commented, “We are delighted to have supported Sagard in this transaction, which will embark kShuttle on its next growth chapter.” Lalit Kasat, Lincoln International Managing Director added, “This transaction further emphasizes our environmental, social and governance software expertise, as well as our ability to assist financial sponsors in competitive buy-side processes.”

Sagard NewGen

Sagard NewGen is part of Sagard’s international platform, which has assets under management of over $25 billion across six strategies, covering the full range of financing needs of growth companies. Sagard NewGen aims to support the development of leaders in the technology and healthcare sectors. The fund finances expansion strategies of profitable European companies with sales of up to €200 million that share a DNA of innovation and sustainability, through majority or minority equity investments.

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