OPB partners in $120 mln investment in Sweden's Snow Software

U.S. private equity firm Sumeru Equity Partners and Ontario Pension Board (OPB) have teamed up to make a US$120 million investment in Snow Software, a Swedish provider of software asset management solutions. The funds raised will support the company's global expansion plans, enhance its offering across mobile and cloud platforms, and drive new product innovation. Snow's existing shareholders, including European private equity firm Vitruvian Partners, will continue to hold a majority interest in the business. OPB oversees $24.4 billion in assets.

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