European private equity firm Charterhouse Capital Partners announced an undisclosed investment in the capital of Vermeg, a banking and insurance software solutions provider.

The operation saw Charterhouse acquire part of the shares owned by French Crédit Mutual Arkéa in Vermeg. Although the financial details of this transaction remain unknown, it is known that the European PE firm traditionally invests between €200 million and €1.5 billion in companies engaged in the health, services, consumer goods, and industries sectors. The firm predominantly targets European markets.

Present in Tunisia and about thirty other countries, the Amsterdam-based Vermeg claims nearly 400 clients, including banks and insurance companies. The resources invested in the company will support its expansion and help strengthen its presence in its key markets.

"We are delighted to invest in Vermeg and look forward to working together in the next stage of the company's development. Charterhouse has followed the company for more than two years and we have been very impressed with the growth during this period," said Fabrice Georget, Partner at Charterhouse.

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