CIBC Innovation Banking provides financing package to GRO in AIMMS acquisition

CIBC Innovation Banking has provided a financing package to GRO, a software-focused private equity firm, to support its acquisition of AIMMS, a global supply chain and decision optimisation software provider. The financing will help GRO support AIMMS in scaling its operations, accelerating product innovation, and expanding its global footprint.

GRO helps software companies to scale, providing them with the capital to expand sales and marketing, R&D, or to grow through acquisitions. AIMMS was founded to help businesses become more efficient, profitable, and sustainable by leveraging the power of mathematical optimisation*. Its proprietary platform for building decision-making applications enables organisations across various industries, including manufacturing and logistics, to tackle complex business challenges. The acquisition marks GRO’s first investment in the Benelux region.

Tom Dods, Director at CIBC Innovation Banking UK & Europe, said: “We are pleased to support GRO in its acquisition of AIMMS. GRO invests in European software businesses that address complex challenges and demonstrate strong growth potential, which closely aligns with our commitment at CIBC Innovation Banking to support the European technology sector. We are delighted to play a role in AIMMS’s next phase of growth and global expansion.”

Maxell Veyhe, Partner at GRO, said: “We are delighted to welcome AIMMS into the GRO portfolio. AIMMS has built a remarkable and deeply embedded platform that solves highly strategic industry problems and empowers global enterprise customers to make smarter, faster decisions. With our support, we look forward to amplifying the company’s impact and unlocking new growth opportunities.”

*Mathematical optimisation refers to the process of selecting the best element from a set of available alternatives, based on specific criteria and constraints.

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. https://www.innovationbanking.cibc.com

About GRO

GRO is a private equity firm focused on accelerating growth for software companies in Northern Europe. With a team of experienced professionals and a hands-on approach, GRO provides strategic support to help companies scale and realize their full potential.