LONDON, England — April 2022

Kennet and Goldman Sachs were recognised as the winners of the ‘France and Benelux Deal of the Year’ Award at the 2022 Private Equity Awards for their investment and exit of Nuxeo. The Private Equity Awards are the longest running and most prestigious Private Equity awards in Europe. Finalists are established through research undertaken by Real Deals. Following this, a panel of expert judges meet to deliberate and select the winner.

Nuxeo is an open source provider of extremely high performance Digital Asset Management and Enterprise Content Management software.

In May 2016, Kennet proactively sourced the opportunity and backed the CEO, Eric Barroca, with an initial direct investment into Nuxeo. Kennet subsequently introduced Goldman Sachs to co-invest as part of a majority buyout transaction. Both Kennet and Goldman Sachs worked to build Nuxeo’s world-class management team and to accelerate the company’s growth as it secured half of the Fortune 10 companies as customers. In March 2021, Hyland Software acquired Nuxeo, generating in excess of a 5x return for its investors.

Nuxeo’s CEO, Eric Barocca, has subsequently joined the Executive Advisory Board of Kennet.