Investment Summary

Pelican Capital Invests In tst

On May 3, 2023, private equity firm Pelican Capital invested in software company tst

Investment Highlights
  • This is Pelican Capital’s 1st transaction in the Software sector.
  • This is Pelican Capital’s 1st transaction in Ireland.

Investment Summary

Date 2023-05-03
Target tst
Sector Software
Investor(s) Pelican Capital
Deal Type Growth Capital

Target

tst

Dublin, Ireland
tst is an innovative software platform designed to help global companies with immigration and tax compliance in over 200 jurisdictions around the world. TST’s Global Tracker platform specifically supports compliance for remote workers and business travellers. tst was founded in 2015 and is based in Dublin, Ireland.

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Investor(S) 1

DESCRIPTION

Pelican Capital is an investment firm focused on UK-based companies. Pelican is a generalist investor, targeting business to business, technology, and tech-enabled services companies with profits greater than £1 million. The Firm looks to invest up to £25 million in a variety of transaction situations including MBOs, carve outs, or shareholder liquidity needs. Pelican Capital was founded in 2019 and is based in London, England.


DEAL STATS #
Overall 5 of 6
Sector: Software M&A 1 of 1
Type: Growth Capital M&A Deals 4 of 4
Country: Ireland M&A 1 of 1
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 ECA International

London, United Kingdom

ECA International specializes in research and publishes reliable data to help clients evaluate and manage compensation and benefits for international employees moving around the world. ECA International was founded in 1971 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-13 GradTouch

Manchester, United Kingdom

GradTouch provides the complete end-to-end solution for SMEs wanting to attract, assess and ultimately hire graduates. GradTouch was founded in 2010 and is based in Manchester, United Kingdom.

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