Bregal Sagemount pumps significant growth cash into Redgate Software

US private equity firm Bregal Sagemount, with strongholds in New York and California, has invested an unspecified amount of capital into the Cambridge Business Park company which is approaching its third decade of successful international trading.

Redgate is massively successful around the world as a preferred Database DevOps solution provider; for its part, Sagemount will become the majority shareholder.

Its investment will enable Redgate’s leadership team to deliver on the company’s vision of becoming the trusted database operations platform, offering customers control across their entire database lifecycles. The deal is expected to close in late Q1.

Redgate was founded in Cambridge in 1999, growing from a startup offering a handful of database tools to a global business with over 500 employees and six locations worldwide with its US HQ in Austin, Texas.

Founded by Cambridge University graduates Neil Davidson and Simon Galbraith, the company now provides a full portfolio of management software solutions designed to put people in control of their databases. More than 200,000 people globally, including 92 per cent of the Fortune 100, trust Redgate to increase efficiency, reduce errors and protect business-critical data across their database lifecycles.

Jakub Lamik, Redgate’s CEO, said: “I have led Redgate as CEO since 2021, working with an exceptional team who have made us the market leader in Database DevOps we are today.

“When seeking a partner for our next phase of growth and development, I knew we needed an investment firm with a close cultural fit and shared long-term view of Redgate’s potential. Sagemount’s wealth of experience and success with founder-led software businesses, coupled with its strong support of our vision to become the trusted database operations platform, makes this an ideal partnership.”

Adam Fuller, Co-Founder and Partner at Sagemount, added: “Simon, Neil, and the Redgate team have built an exceptional company, with a trusted, long-established brand and a track record of resilience and reinvention.

“We have followed Redgate with interest for many years and, leveraging our long history of partnering with founder-owned and product-led businesses like Redgate, we believe that now is the ideal time to be making a strategic investment with long-term growth ahead.”

David Greenbaum, Principal at Sagemount, commented: “Redgate’s database operations platform is uniquely engineered to unify change automation, observability, governance and compliant data provisioning, with coverage across the world’s most data-rich and complex enterprises.

“We look forward to supporting the Redgate team to scale and empower customers with secure, compliant, and AI-ready database management.”

Steve Mitchell, Redgate’s CFO, said the company was entering a new era and Sagemount was the perfect partner to support the company in achieving its strategic growth initiatives.

As part of the deal, Sagemount will join Redgate’s Board. Shea & Company served as the exclusive financial advisor and DLA Piper provided legal counsel for Redgate.

Bregal Sagemount is a leading growth-focused private capital firm with more than $7.5 billion of cumulative capital raised. It has invested in over 90 companies in a variety of sectors, including software, information / data services, financial technology & financial services, digital infrastructure, healthcare IT, and business & consumer services. It has offices in New York and Palo Alto.