Management take stake in financial software firm

Pollen Street Capital has agreed a sale of Aryza Holdings, the financial software firm which has a major office in Nottingham, to Atlas Bidco 1 Limited – a company owned by Macquarie Capital Principal Finance, Pollen Street and Aryza senior management.

All parties say they are “excited” by the future growth potential of the software platform, and are looking towards future merger and acquisition activity.

Pollen Street first invested in Aryza in 2017. Since then, Aryza has grown rapidly, both organically and through M&A. It is a global provider of case management and process automation software solutions for regulated industries, serving the insolvency, credit, and debt recovery sectors.

Macquarie bring substantial institutional expertise and operational experience, as well as an extensive network in Australia, New Zealand, US and Asia and flexible capital to support continued growth of Aryza.

Colin Brown, CEO of Aryza Group, said: “This is a major step forward in the growth of Aryza, we have continued to build a sustainable and successful business throughout one of the most difficult trading periods in history. This additional investment will fuel even more organic growth and present us with a greater depth to explore opportunities in new territories, and to continue to enhance our market-leading product set.”

Adam Joseph, head of private equity, Macquarie Capital Principal Finance Europe, said: “We were attracted by Aryza’s exceptional quality, leading position in lending and insolvency sectors and defensible market position – with the potential for further product and geographic growth. Investing alongside Pollen Street Capital, with whom we have a long-standing relationship, provides a unique opportunity to deploy our flexible capital to offer additional support and the resources required to help achieve Aryza’s future growth ambitions.”

Sharand Maharaj, managing director at Macquarie Capital Principal Finance added: “We look forward to working alongside Colin and the rest of the management team and bringing our experience in supporting high growth businesses to help continue the impressive momentum they have achieved with Pollen Street Capital to date.”