True Wind, EdRIP PE arm buy into Palladium Equity’s Envoy Global

True Wind Capital has teamed with Edmond de Rothschild PE unit Elyan Partners for a growth investment in Envoy Global, a provider of software and services solutions to the global business immigration market.

True Wind and Elyan are partnering with Palladium Equity Partners, which bought into Envoy in September last year, and which will remain the company’s largest shareholder.

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Envoy aims to help companies to hire the best talent regardless of where they live, and works for nearly 1,000 customers across industries such as technology, healthcare, and finance, with an emphasis on STEM workforce needs.

True Wind partner Sean Giese said, “Envoy is a dynamic, market leading company with a compelling value proposition that has become an important resource for companies and employees navigating the increasingly complex global immigration process.”

Alex Funk, principal at Palladium, added, “As Envoy continues on its growth trajectory, we are glad to have True Wind and Elyan join us in supporting the management team.

“We believe True Wind’s operational approach and legacy of helping build and transform software businesses, coupled with Elyan’s deep international presence and global relationships, make them valued partners in our collective efforts to expand and enhance Envoy’s impressive platform and reach.”

Two months ago tech-focused investment house True Wind closed its second fund on $817m of equity commitments, almost 1.5x the size of its predecessor fund.

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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/true-wind-edrip-pe-arm-buy-into-palladium-equitys-envoy-global.html