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Investcorp Technology Partners acquires UK management software provider

Investcorp Technology Partners completed the acquisition of Impero Holdings Ltd. for an enterprise value of £27.5 million.

Impero, which is headquartered in Nottingham, U.K., is a provider of online student safety, classroom and school network management software. Impero has revenues of about $10 million and is accessed globally by more than 1.5 million devices in over 90 countries.

Investcorp Technology Partners said it plans to support Impero's international growth both organically and through add-on acquisitions, thus expanding its customer base into new geographies.

Gilbert Kamieniecky and Julian Bennet will join Impero's bord as nonexecutive directors.

Investcorp Technology Partners, which focuses on technology-enabled investments in the European lower-middle market, is part of the wider Investcorp group, which also includes Investcorp Bank B.S.C..

Quayle Munro advised Investcorp Technology Partners on the deal, with Proskauer advising on the legal aspects of the transaction, PwC covering financial and commercial due diligence and Crosslake focusing on technical due diligence.