Portico Capital Advises ethiXbase on a Significant Investment by CGE Partners

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Portico Capital Advisors is pleased to announce that it served as the exclusive financial advisor to ethiXbase, a leading provider of supply chain due diligence and tech-enabled risk assessment services, on its investment from CGE Partners. The funding will support ethiXbase in its next phase of growth, as the Company continues its mission to become the market leader in supply chain and ESG-focused risk assessment software solutions.

Casey Hofmeister, Partner at Portico Capital Advisors said, “It was a true pleasure working with Leas and Russell as well as the founding shareholders of ethiXbase for the third time.  The opportunity ahead for ethiXbase is massive, driven by dramatically increasing demand for ESG and supply chain risk solutions. CGE’s investment and expertise will help the Company accelerate its already impressive growth trajectory.”
 
Leas Bachatene, CEO of ethiXbase said “Portico’s deep sector expertise, access to key decision makers, and proven execution capabilities were instrumental in achieving a successful outcome. We could not have selected a better partner to guide us through the transaction process.”

Below are more details from CGE Partners’ press release:

CGE Partners Invests in ethiXbase
LONDON, 16th September, 2021 — CGE Partners (CGE) has invested in ethiXbase, a provider of third-party risk assessment services to corporates, focusing on anti-corruption, human rights, labour, and the environment.

CGE is partnering with Leas Bachatene (CEO), Russell Potter (CFO) and Michelle Knight (Head of Operations) to back the company in its next phase of growth to become the leading global provider of supply chain risk assessment software solutions. CGE will bring significant experience and resource to support ethiXbase’s international expansion, future M&A and new product development initiatives.
 
Leas Bachatene, CEO of ethiXbase, comments: “ethiXbase’s mission to support organisations worldwide to adopt sustainable and socially responsible policies and to report on their implementation, teamed with our proprietary software-as-a-service (SaaS) platform has been crucial to our development to date. We are looking forward to partnering with CGE to increase our global reach and product offering.”
 
CGE Partners comments: “ethiXbase is a rapidly growing business which can transform its customers’ ability to manage their supply chain risks. The market for these services has expanded significantly in recent years as corporates increasingly adopt tools to demonstrate their commitment to ESG, and to better manage stakeholder demand for higher ethical standards. We are looking forward to working with the ethiXbase management team in their next stage of growth.”
 
ethiXbase marks the second transaction for CGE in a month following its recent investment in SureCloud, and the fifth investment to date from its inaugural fund which focuses on tech-enabled businesses across Europe.
 
Portico Capital Advisors acted as the financial advisor to ethiXbase.

About CGE Partners 
CGE Partners launched its €440m European mid-market buyout fund in 2019. CGE targets purposeful businesses with a differentiated position and real ambition to grow. Through its sector-focused investment strategy CGE seeks to back companies with an enterprise value of up to €200m, and with ambitious, proven management teams. For more information, please visit www.cge-partners.com  

About ethiXbase
ethiXbase is a leading provider of automated supply chain onboarding and due diligence solutions, offering a leading SaaS-based platform for third party risk and compliance management. The platform provides coverage of the entire Legal and Compliance sustainability sector, including Corporate Social Responsibility (CSR), Environmental, Social, and Corporate Governance (ESG), and Sustainability teams. ethiXbase’s mission is to support organisations worldwide to adopt sustainable and socially responsible policies with a goal to help create a business environment in which organisations are committed to doing business with integrity and transparency. For more information, please visit www.ethiXbase.com

About Portico Capital Advisors
Portico Capital Advisors provides independent strategic and financial advisory services in the areas of mergers & acquisitions (M&A), recapitalizations, and capital raisings exclusively to private and public companies providing verticalized software, data, and analytics. The firm, founded in 2000, has offices in New York, Greenwich, and London. For more information, please visit www.porticocap.com.
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Portico contact(s)

Casey Hofmeister
Partner
casey@porticocap.com
+1 (203) 661 7763

Searcy Dryden
Managing Partner
searcy@porticocap.com
+1 (203) 661 7719

Giles Roshier
Partner
giles@porticocap.com
+44 (0) 203 011 0470