Kennet Partners sells stake in digital bookkeeping firm Dext
Kennet Partners聽has聽agreed to sell its stake in聽Dext聽–聽formerly聽ReceiptBank聽–聽to global software and services investor Hg.聽 The聽European technology growth equity investor, which聽focuses聽on bootstrapped and capital efficient companies,聽has聽made聽a聽4.4 times聽return on its investment with the deal.聽 Kennet was the first institutional investor in聽Dext,聽a聽digital, multi-product platform for accountants and bookkeepers,聽after聽acquiring聽its stake in the company in 2016.聽聽 The sale of Kennet鈥檚 stake … Continue reading Kennet Partners sells stake in digital bookkeeping firm Dext
