- The move is aimed at accelerating its European presence and expanding global capabilities
- This marks Crosslake’s fourth strategic investment since 2020
- Crosslake is backed by private equity firm Falfurrias Capital
Falfurrias Capital-backed Crosslake Technologies has acquired Intechnica, a technology firm, for £14.5 million ($17.9 million; €16.5 million).
The acquisition is expected to accelerate the firm’s European presence and expand its global capabilities.
Manchester-headquartered Intechnica has assisted over 350 transactions around the globe, with a value of over $15 billion. It offers services in due diligence and other areas.
This marks Crosslake’s fourth strategic growth investment since 2020. The firm had expanded its offerings in the areas of cybersecurity, enterprise systems, and integrations and carveouts in the last two years.
“With a clear vision and a strong leadership team, Crosslake continues to solidify its position as the preeminent tech advisory firm for private equity investors and their portfolio companies,” said Wilson Sullivan, partner with Falfurrias Capital Partners. “They have a history of success in expanding their solution suite through acquisition of firms that share their commitment to client service and technology thought leadership.”
Crosslake, backed by private equity firm Falfurrias Capital, offers data-driven technology advisory services for private equity firms and their portfolio companies.
Falfurrias Capital, founded in 2006, has raised over $1.9 billion across five funds and invests in growing, middle-market businesses. The firm is headquartered in Charlotte, North Carolina.