PSG, a growth equity firm that focuses on partnering with middle-market software and technology-enabled service companies, has acquired of a majority stake in Nalanda Global, a Software-as-a-Service company providing supplier risk management software.

“Nalanda is a leading digital automation solution operating with a significant addressable market across multiple large sectors,” said Dany Rammal, managing director and head of the PSG Europe team. “We believe Juan Gil Rabadan and the Nalanda team have built an exceptional business, and we’re excited to be working closely with them to support the company’s future development.”

“Not only do we believe Nalanda is well-placed to benefit from the growing adoption of supplier management software solutions, but we plan to support the management team as they develop additional products, further enhancing the value they add to their ecosystem,” added Charlotte Lawrence, director at PSG.

Nalanda founder and CEO Juan Gil Rabadan, added, “We believe PSG’s history of partnering with growing software solutions businesses makes PSG the obvious partner to support Nalanda as it enters the next phase of its growth. We look forward to working with the team at PSG as we build out Nalanda’s product offering and grow into new markets.”

The transaction is the eighth platform investment made from PSG Europe, PSG’s debut Europe-focused fund, which held a final close with €1.25 billion in limited third-party partner commitments in February 2021. Other platform investments made by PSG Europe include the acquisitions of Hornetsecurity, Imaweb, Mapal Group, Nomentia, Signaturit Solutions, Skeepers and Sympa.