16.7.2020

ETF Partners – Investment in Basemark

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Private Equity

We advised ETF Partners in their investment in Finnish software company Basemark Oy.

Basemark Oy specialises in graphics and autonomous driving vehicle software. The company develops the Rocksolid Engine, a world leading real-time graphics and compute software solution for mission critical industrial applications. Basemark also develops system performance evaluation tools such as Basemark Automotive Testing and Basemark GPU. The customer base of Basemark includes major automotive OEM and SoC companies.

ETF Partners is a London based fund manager investing in technology companies with a sustainability impact, focusing particularly on opportunities enabling Smart Industry, Smart Cities and Smart Energy. The team at ETF Partners has great situational experience gained with high-growth technology companies across Europe, Israel, Asia and Silicon Valley.

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Latest references

Banyan Software – Acquisition of Carus Ferry

We acted as legal adviser to Banyan Software on its acquisition of Carus Ferry, a Finland-based provider of reservation, check-in and port operations software for ferry and passenger shipping operators. The acquisition further strengthens Banyan Software’s presence in the Nordic region while providing Carus with a long-term partner to support its continued growth and development. Carus was founded in 1998 and is headquartered in Mariehamn on the Åland Islands, Finland. The company develops mission-critical software for ferry, cruise and passenger shipping operators, covering the full passenger journey from booking and ticketing to capacity management, check-in and boarding. Carus also provides port automation, onboard sales systems and business information tools. The company serves approximately 30 operators across four continents and is the largest vendor by customer count in ferry reservation and departure control. Banyan Software is an acquirer and long-term operator of mission-critical software businesses serving specialised industries. Founded in 2016, Banyan follows a buy-and-hold-for-life approach and supports the long-term growth and development of its portfolio companies. Banyan operates more than 130 portfolio companies across North and South America, the United Kingdom, Europe and APAC. Following the acquisition of Carus, Banyan operates three businesses in the Nordic region.

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