Growth Capital • Internet Software and Services

Kennet Partners and Federated Hermes Private Equity Invest In Screendragon

On February 6, 2024, growth capital firm Kennet Partners and asset manager Federated Hermes Private Equity invested in internet software and services company Screendragon

Investment Context
  • This is Kennet Partners’ 11th and Federated Hermes Private Equity’s 1st transaction in the Internet Software and Services sector.
  • This is Kennet Partners’ 10th and Federated Hermes Private Equity’s 9th transaction in the United Kingdom.

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Investment Summary

Date February 6, 2024
Target Screendragon
Sector Internet Software and Services
Investor(s) Kennet Partners
Federated Hermes Private Equity
Deal Type Growth Capital
Advisor(s) Pagemill Partners (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target Company

Screendragon

London, United Kingdom
Screendragon is a SaaS-based workflow automation provider. Screendragon is a work management platform that sells to agencies and enterprise marketing teams. The platform helps connect distributed teams and streamline complex workflows to help curate and deliver content to their end customers. Screendragon was founded in 2001 and is based in London, United Kingdom.
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Investors Overview 2

Investor

Kennet Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1997
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kennet Partners is a private investment firm that invests in fast-growing companies providing information technology products and technology-enabled services. Kennet typically commits $10 to $50 million of equity per transaction in companies with revenues up to $50 million. The Firm generally invests in businesses located in Western Europe and the US. In addition to providing growth capital, Kennet also finances private mergers, shareholder liquidity needs, corporate divestitures or spin-outs, and restructuring situations. Kennet Partners was formed in 1997 and is based in London.


Deal Context for Investor #
Overall 42 of 42
Sector: Internet Software and Services 11 of 11
Type: Growth Capital 14 of 14
Country: United Kingdom 10 of 10
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 eloomi

Copenhagen, Denmark

eloomi is a cloud-based performance management and learning management system. eloomi was founded in 2015 and is based in Copenhagen, Denmark.

Sell -
Investor

Federated Hermes Private Equity


Category Asset Manager
Founded 2010
PE ASSETS 12.9B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Federated Hermes Private Equity is a global investor in private equity funds as well as direct co-investor. The Firm manages assets on behalf of institutional investors with a focus on private markets. Federated Hermes Private Equity is headquartered in London.


Deal Context for Investor #
Overall 13 of 13
Sector: Internet Software and Services 1 of 1
Type: Growth Capital 4 of 4
Country: United Kingdom 9 of 9
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 YO! Sushi

London, United Kingdom

YO! Sushi is a chain of conveyor belt Japanese restaurants offering 'sophisticated fast food'. YO! Sushi was founded in 1997 and is based in London, United Kingdom.

Sell $621M