On February 6, 2024, Screendragon Limited ("Screendragon"), a technology leader in SaaS-based workflow automation, announced that Kennet Partners ("Kennet") and Federated Hermes Private Equity ("Federated Hermes") invested $27 million into the company to drive the continued expansion of the business.
The Technology and Business Services Investment Banking practice of Kroll served as the exclusive financial advisor to Screendragon in connection with the transaction.
About Screendragon Limited
Screendragon is a work automation platform that powers many of the most well-known brand and agency organizations. Over 20+ years, they have developed an industry-leading technology that has been recognized as best in class and highly differentiated. Their software helps brand and agency teams plan, innovate, create and deliver content to market efficiently and effectively. Screendragon's unique no-code workflow technology enables the company to provide solutions to customers that are both agile and intuitive to use from the get-go.
Wilson Sonsini Goodrich & Rosati served as legal counsel to Screendragon Limited in connection with the transaction.
About Kennet Partners
Kennet is a leading international growth equity firm that invests in high-growth companies in Europe and North America. The firm has approximately $1 billion of cumulative funds under management. Kennet supports entrepreneurial technology businesses with expansion capital to accelerate growth and build exceptional shareholder value.
About Federated Hermes Private Equity
Federated Hermes is an active and long-time investor in global private equity. For over 30 years, the firm has specialized in investing in what Federated Hermes considers to be the best and most relevant investment opportunities in global private equity. The objective is to create sustainable returns for investors, no matter what is happening on the global stage via pooled funds and bespoke client solutions. Focus on fund investments and co-investments in buyouts and growth businesses with $6.3bn of assets under management, as of 30 September 2023.
Fladgate LLP served as legal counsel to Kennet Partners and Federated Hermes in connection with the transaction.
