- The deal follows the appointment of Christina Hamilton as CEO
- ClearCourse opened its Northern Tech Hub last year
- Aquiline manages $9.2 billion in assets
ClearCourse, backed by Aquiline Capital, has bagged Clear, a software company, in the firm’s first acquisition of 2023.
Clear, based in Chorley, England, was founded in 1996. The firm provides software products to the non-profit and transportation sectors that are designed to streamline processes and operations.
The firm provides support to more than 100 global charities and businesses such as Oxfam, the NSPCC, Cancer Research UK and National Express.
The financial terms of the transaction were not disclosed.
The acquisition, on the back of the appointment of Christina Hamilton as CEO, will support Clear in expanding ClearCourse’s growing presence and create opportunities within the transport sector, the firms said. Last year, ClearCourse opened its Northern Tech Hub near Preston.
ClearCourse, founded in 2018 and based in London, acquires and invests in software businesses that serve small and medium enterprises across the UK, and provides integrated solutions to nearly 25,000 customers.
Aquiline Capital, based in New York and London, is a private investment firm that invests across financial services and technology. The firm has $9.2 billion in assets under management.