Abry Partners Invests in Inoapps
Posted on 05/03/2022
Stellus Capital Management, LLC, a finance firm engaged in lower middle market direct lending, announced that its affiliates provided senior debt financing and an equity co-investment in support of Abry Partners’ investment in Inoapps Ltd. Stellus was founded in 2012 when it spun out of the Direct Capital Unit of the D. E. Shaw group. Inoapps is a global Oracle Partner with deep cloud expertise.
Inoapps, led by CEO Andy Bird, works across a number of vertical industries and has developed specialist centers in energy, engineering & construction, higher education, manufacturing, public sector, and business and financial services. Abry Partners acquired a substantial stake in Inoapps, resulting in joint control with founder and CEO Andy Bird. The investment will accelerate both acquisition-based and organic growth, as well as continue to drive the innovation of new services and increase headcount.
