Penelope Joins Textile Solutions Group, Expanding CAD Offerings

Deal News | Jan 30, 2025 | Elvaston Capital Management Gm

Penelope Joins Textile Solutions Group, Expanding CAD Offerings

The Textile Solutions Group (TSG), a portfolio company under the management of Elvaston Capital, has expanded its business footprint through the acquisition of Informtica Txtil SL, known as Penelope. Penelope, headquartered in Barcelona, is recognized for its advanced CAD software, specifically tailored for fabric design, production, and simulation, specializing in fabrics like Dobby and Jacquard. This strategic acquisition enhances TSG's product suite and is anticipated to generate cross-selling opportunities across the group. Additionally, Penelope stands to gain from Datatex's expansive global resources and marketing prowess to advance its product distribution and market presence.

Sectors

  • Software Development
  • Private Equity
  • Textiles

Geography

  • Spain – Penelope, the company being acquired, is based in Barcelona, Spain.
  • Germany – Elvaston Capital Management, which owns the Textile Solutions Group, is based in Germany.

Industry

  • Software Development – Penelope provides CAD software solutions for fabric design, which falls under this industry classification.
  • Private Equity – Elvaston Capital Management, as a private equity firm, is involved in the acquisition process, thus classifying the article under this sector.
  • Textiles – The main focus of the article is the acquisition of a company specializing in textile CAD software, placing it within the textiles industry context.

Financials

    Participants

    NameRoleTypeDescription
    Textile Solutions Group (TSG)Bidding CompanyCompanyA portfolio company of Elvaston Capital acquiring Penelope to expand its product portfolio.
    Elvaston Capital Management GmbHPrivate Equity FirmCompanyThe private equity firm managing the portfolio company TSG.
    Informtica Txtil SL (Penelope)Target CompanyCompanyA Barcelona-based company providing CAD software for fabric design and production, acquired by TSG.