CGE Partners

What CGE Partners does

CGE Partners is a London-headquartered private equity firm founded in 2018 that invests thematically in mid-market information, data, and software businesses across Northern and Western Europe. The firm targets majority buyout positions with equity tickets of €30–100m and enterprise values up to €200m, deploying capital against six structural megatrends: productisation of intelligence, compliance and transparency, digitisation of education, energy transition, artificial intelligence, and resource efficiency. Its core operating model is fund-based: it raised a €440m Fund I in 2019 and a €700m Fund II (2024 vintage, announced April 2023), generating revenue through management fees on committed capital plus carried interest on exits.

The portfolio comprises seven platform investments — Enhesa (EHS/regulatory intelligence), Aurora Energy Research (energy market analytics), SureCloud (GRC SaaS), Ethixbase360 (third-party risk management), Inspera (digital assessment), Datapharm (medicines information), and Intact (audit workflow SaaS) — alongside 16 cumulative portfolio acquisitions. Portfolio companies collectively serve customers in 141 countries, operate offices in 23 countries, employ over 2,000 people, and delivered 19% aggregate LTM ARR growth as of August 2025. CGE differentiates through an Operator Panel of former business leaders, B Corp certification (one of the first PE firms in Europe), and active ownership including strategic M&A support.

The firm operates with a lean 19-person team spanning investment and operations functions, distributed across the UK, Benelux, DACH, and France. Distribution is bilateral: deal sourcing relies on founder networks, advisors (notably Arma Partners), and direct outreach rather than traditional marketing channels. Recent exits include the sale of a majority stake in Aurora Energy Research to TPG Rise Climate in June 2025, with CGE reinvesting from Fund II — a transaction that won Real Deals Mid-Cap Deal of the Year (UK & Republic of Ireland) 2026.

Name

CGE Partners

Legal name

CGE Partners LLP

Website

https://cge-partners.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

CGE Partners is a London-based mid-market private equity firm investing €30–100m majority stakes in information, data, and software businesses across Northern and Western Europe via two thematic megatrend-driven funds totaling €1.14bn.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Equity Buyout Fund-of-Funds (FSANAGAD)

Keywords

• Private equity investments
• Mid-market buyouts
• Majority equity stakes
• Growth capital investing
• Buyout fund management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management Fees and Carried Interest: As a private equity fund manager, CGE generates revenue through management fees charged on committed capital under management, plus carried interest (performance fees) realised upon successful exits of portfolio companies. Fund I raised €440m (2019 vintage) and Fund II raised €700m (2024 vintage).

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

CGE Partners is a London-based private equity firm that makes majority buyout investments of €30–100 million in mid-market information, data, and software businesses headquartered in Northern and Western Europe. The firm deploys capital through thematic funds (Fund I €440m, Fund II €700m), backs founders and CEOs, and supports portfolio companies through active ownership, an Operator Panel of functional experts, M&A support, and international expansion.

Product overview

CGE Partners is a private equity firm that invests in portfolio companies offering distinct software, data, and information products. The portfolio includes: Enhesa (regulatory compliance intelligence platform with Operations, Product, and Sustainable Chemistry divisions, having acquired RegScan, ToxPlanet, Scivera, Chemical Watch, and TotalSDS); Aurora Energy Research (energy market analytics platform providing power market forecasting, reports, software, forums, and consultancy services); SureCloud (GRC SaaS and cybersecurity risk management platform); Ethixbase360 (third-party risk management platform, having acquired Tcompliance); Inspera (digital assessment platform, having acquired CrossPlag/Inspera Originality and Graide); Datapharm (medicines information platform including the electronic medicines compendium); and Intact (auditing workflow SaaS for certification bodies). These products serve distinct market segments but share common themes of data-driven intelligence, regulatory compliance, and software-as-a-service delivery models.

Differentiator

Problem solved

Functional benefit

Products and services

• CGE Partners Fund I
• CGE Partners Fund II
• Active Ownership and Operator Panel Support

Quantifiable outcome

• Fund I (€440m) fully deployed across 6 platform transactions and 6 bolt-on acquisitions.
• +6 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Partnerships

Four partnerships are on record, tiered core.

• UN Principles for Responsible Investment (UNPRI)coreOthersCGE is a signatory to the UN Principles for Responsible Investment (UNPRI) and commits to its six Principles for responsible investment.
• Initiative Climat International (iCI)coreOthersCGE is a member of the Initiative Climat International (iCI), committing to effectively analyse, manage and mitigate climate-related financial risk and emissions in the portfolio. CGE aims to facilitate Net Zero or Science Based Targets for every company it invests in.
• B Lab (B Corporation)coreOthersCGE is a Certified B Corporation, verified by B Lab to meet high standards of social and environmental performance, transparency, and accountability. CGE achieved its initial certification in 2021 and was recertified in 2024 with an improved score of 120.9.
• Capital Generation Partners LLPcoreOthersCGE Partners LLP is an appointed representative of Capital Generation Partners LLP, which is authorised and regulated by the Financial Conduct Authority (FCA registration number 474602).

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Permira: Global PE firm with European roots where Managing Partner Nick Heslop spent four years. Larger fund size and broader sector focus, but overlapping investment themes in data, software, and information services.
• Bridgepoint: Large European mid-market PE firm where Managing Partner Nick Heslop spent seven years. Operates across multiple sectors with a broader fund mandate but overlaps on data, services, and software investments at similar transaction sizes.
• 3i Group: Listed PE and venture firm with significant European mid-market exposure. CFO Stephen Moore and Investment Director Julius von Gierke both came from 3i. Larger fund size and broader sector mandate but overlapping investment themes.

Direct peers

• LDC (Lloyds Development Capital): UK mid-market PE investor backing management teams of ambitious growth businesses. Comparable deal size range and geographic focus on UK and Western Europe, with overlap in business services and tech-enabled platforms.
• Bowmark Capital: UK mid-market PE firm focused on business services and technology-enabled companies, particularly information services. Bowmark's thesis around mission-critical data and software platforms closely mirrors CGE's approach.
• Lyceum Capital: UK mid-market PE firm with focus on technology-enabled business services. Comparable investment size and meaningful sector overlap in information services and SaaS businesses.
• Livingbridge: UK mid-market PE investor active in technology, data, and information services with comparable equity ticket sizes. Investment Manager Samuel Adebiyi came from Livingbridge, and the firm's sector overlap is high.
• Dunedin Private Equity: UK mid-market PE firm investing in information services, software, and specialist data businesses with similar ticket sizes. Investment Director Katie Chung Sand spent six years at Dunedin, reflecting comparable sector focus and process.
• Hg Capital: European PE firm specializing in software and technology-enabled services, with a portfolio overlapping CGE's compliance, data, and SaaS themes. CFO Stephen Moore previously worked at Hg, indicating similar underwriting philosophy in the mid-market.
• Inflexion Private Equity: UK mid-market PE firm with comparable equity ticket sizes and sector focus on software, data, and information services businesses. Two CGE team members (Chloe Curtis and Cheryl Sie) previously worked at Inflexion, signaling a closely aligned investment approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cgepartners

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CGE Partners