M-Files Appoints Jay Bhatt as CEO Amid Strategic Recapitalization
Portfolio - People | Dec 03, 2024 | Bregal Milestone
M-Files, a leader in knowledge work automation, has announced Jay Bhatt as its new CEO, following a majority recapitalization led by Haveli Investments, Bregal Milestone, and CrossParadigm Capital. Bhatt, an industry veteran with an impressive track record at companies like Alfresco Software, Blackboard, and Autodesk, will guide M-Files through its next growth phase. Antti Nivala, the former CEO, transitions to Chief Innovation Officer, focusing on the company's vision for transforming knowledge management. The recapitalization aligns with M-Files' strategy to expand its market leadership in empowering organizations through superior information management solutions.
Sectors
- Software
- Private Equity
- Investment Management
Geography
- United States – Haveli Investments, an Austin-based private equity firm, is involved in the recapitalization.
- Europe – Bregal Milestone, a European private equity firm, is a key participant in the recapitalization of M-Files.
Industry
- Software – The article discusses M-Files, a company focused on knowledge work automation, which pertains to the software industry.
- Private Equity – The majority recapitalization of M-Files involves private equity firms such as Haveli Investments and Bregal Milestone.
- Investment Management – CrossParadigm Capital's participation in the recapitalization deal highlights its role as an investment firm.
Financials
- Not disclosed – Details about the financial terms of the majority recapitalization led by Haveli Investments and Bregal Milestone are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| M-Files | Target Company | Company | A leader in knowledge work automation undergoing leadership transition and recapitalization. |
| Jay Bhatt | New CEO | Person | Industry veteran appointed as CEO of M-Files. |
| Antti Nivala | Chief Innovation Officer | Person | Former CEO of M-Files, transitioning to oversee innovation. |
| Haveli Investments | Private Equity Firm - Lead in Recapitalization | Company | An Austin-based technology-focused private equity firm leading the recapitalization. |
| Bregal Milestone | Private Equity Firm | Company | A European software private equity firm involved in M-Files recapitalization. |
| CrossParadigm Capital | Investment Firm - Participant in Recapitalization | Company | Investment firm led by Jay Bhatt, participating in the transaction. |