Corporate Press Release
Credit Suisse invests in SpecPage Ltd. through its investment vehicle “SVC Ltd. for Risk Capital for SMEs”
SVC Ltd. for Risk Capital for SMEs (SVC Ltd.), an investment vehicle of Credit Suisse in Switzerland, invests in SpecPage, a software and IT solutions provider dedicated to the Food & Beverage manufacturing industry. The company has a strong and growing client base and is uniquely positioned for further growth. The investment marks the 50th investment of SVC Ltd. since its inception.
SpecPage, an SME headquartered in Switzerland, is a global leader of innovative, advanced digital software and IT solutions – they are the only product lifecycle management and product data management process solution vendor uniquely dedicated to the Food and Beverage industry. The investment will empower the company’s global expansion. For nearly two decades, SpecPage has developed innovative solutions to help formula-based Food and Beverage manufacturers produce better quality products with a better cost profile, while also streamlining and delivering exceptional data-driven results that allow producers to grow profitability.
SpecPage has offices in Switzerland, the US, Sweden, Germany, France, Italy, Slovakia, the Netherlands, Singapore, and China. The company’s client base is strong and growing, including Nestlé, Mondelez, Migros, Bell, Hilcona, Lindt, Dr. Oetker, Bahlsen, Koch Foods, McCain, Dominos, Kellogg’s, Ingredion and Glanbia, among others.
50th investment carried out by Credit Suisse’s investment vehicle SVC Ltd.
As the leading bank for entrepreneurs, Credit Suisse is committed to strengthening and further promoting Switzerland as a business hub through various measures. Among other initiatives, the provision of venture capital to innovative Swiss SMEs with clear growth potential is one of the banks efforts. For SVC Ltd. for Risk Capital for SMEs, a subsidiary created for this purpose in 2010, the investment in SpecPage marks the 50th investment of SVC Ltd. since its inception.
Didier Denat, Chairman of the Board of Directors of SVC Ltd. and Head of Corporate & Investment Banking at Credit Suisse (Switzerland) Ltd., comments: “As a niche player which already boasts some of the biggest global manufacturers among its clients, SpecPage is uniquely positioned for further growth. The company is a prime example of a Swiss SME pairing both world-class precision and innovation with true global expertise. We are very pleased to be partnering with the firm and support its journey of longstanding success.”
Severin Weiss, founder and CEO of SpecPage, says, “With SVC Ltd. and Credit Suisse’s commitment to SpecPage, we will be able to accelerate our growth and strengthen our position as the leader in the global PLM and PDM software market. This investment will enable us to further prioritize digital transformation and deliver a speedy solution to clients who are trapped in predominantly spreadsheet-based processes.”
About SVC Ltd. for Risk Capital for SMEs
SVC Ltd. provides small and medium-sized businesses as well as young entrepreneurs with risk capital totaling roughly 130 million Swiss francs. So far, it has invested in 50 companies. The beneficiaries are innovative companies in different stages of development from around the country. Helvetica Capital AG has been responsible for investment portfolio management on behalf of SVC Ltd. since September 2015. The company is managed at strategic level by a broad-based Board of Directors with the support of an operations team. To learn more, visit www.svc-risikokapital.ch/en.
SpecPage is a global leader in innovative, enhanced digital solutions for the formula and recipe-based manufacturing industry. Their cutting-edge, user-friendly software solutions were designed to accurately integrate and provide cross-functional support for the most complex aspects of formula-based product development. Focused on helping companies achieve sustained growth and success across global markets, SpecPage provides seamless, connected, data driven solutions. They have more than 300 clients worldwide and 100+ staff. To learn more, visit www.specpage.com.