LONDON -

Along with adjustments of its top management, White Clarke Group announced on Tuesday that Five Arrows Principal Investments — the corporate private equity business of Rothschild & Co. — made what is being described as a “significant equity investment” in the global provider of specialist technology and software solutions to the automotive, asset and consumer finance markets.

Having invested substantially in its CALMS product range during the last few years, White Clarke Group highlighted that it has achieved “considerable” growth globally and has now reached a point where the business will benefit from greater scale to meet growing customer demand.

Officials highlighted Five Arrows Principal Investments will leverage its capabilities to support White Clarke Group in its transition into the next stage of growth. Five Arrows Principal Investments has a focus on supporting software and technology platforms with recurring revenue streams underpinned by high customer satisfaction and retention rates.

As part of the transaction, White Clarke Group has announced that Brendan Gleeson, currently executive vice president of the group, will take on the role of chief executive officer. Ed White, currently president and chief executive officer of the group, will transition into the role of chairman.

“Five Arrows Principal Investments’ confidence in White Clarke Group and its CALMS product is a significant endorsement of our strategy and the way we have transformed the business over the last five years. The Rothschild & Co. partnership will give us the platform we need to achieve the next phase of our growth strategy and help scale the business,” Gleeson said.

“I very much look forward to working with the leadership team to ensure White Clarke Group achieves its considerable potential,” he continued. “We will continue to invest in our people, our product and our customers to ensure this happens.”

Meanwhile, White touched on what it means that the company is elevating Gleeson to his new post as this “significant” equity investment arrives.

“With a strong executive leadership team and Brendan’s passion for this business, White Clarke Group is well-positioned to move to the next stage of its growth trajectory,” White said. “I believe Five Arrows Principal Investments will be an ideal shareholder. Under their stewardship, the legacy of my late business partner, Dara Clarke, and myself — which bears both our names — will be protected and our business can move from strength to strength.

“I am very proud of what the people in our organization have achieved and grateful for our customers’ continued faith in us,” White went on to say.