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| On Dated : | 5/18/2025 12:00:00 AM | | Contact Name : | Thonaserawace | | Email ID : | caulleykarapanagiotis@gmail.com | | Subject : | peeq Ritani Glittering From Clicks-And-Bricks Model
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European private equity firm Cinven has taken a stake in eProcurement technology firm JAGGAER that is said to value the company at about $1.5 billion.Cinven issued a statement on Monday July 8 announcing plans to acquire a stake in JAGGAER along with existing shareholder Accel-KKR, reports in Bloomberg said Tuesday July 9 . Unnamed sources told the publication that the agreement values JAGGAER at $1.5 billion, including debt. Financial terms of the agreement have not yet been publicly announced, Bloomberg noted.According to Cinven Senior Principal Michael Korzinstone, JAGGAER is strengthening its presence in North America and the EMEA region with opportunities to buy and build that we will look at thoughtfully going forward. A spokesperson for the firm [url=https://www.stanleycups.pl]stanley kubek[/url] did not comment on the valuation, however.KKR-Accel took JAGGAER formerly known as SciQuest private in May 2016 in a deal that valued the company at about $500 million. KKR-Accel later backed JAGGAER acquisitions of BravoSolutio [url=https://www.cup-stanley-cup.ca]stanley canada[/url] n and Italmobiliare SpA the next year.When the BravoSolution takeover was announced in December of 2017, JAGGAER said the deal made it the largest independent, vertically focused spend management solutions company in the world.This acquisition enables the largest companies in the wo [url=https://www.cups-stanley.uk]stanley uk[/url] rld to do business with a single partner and cover all of their spend management needs, JAGGAER CEO Robert Bonavito said in a statement at the time.Cinven stake in Jtjf Christie s Brings Blockchain To The World Of Art
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