Qualitas Funds has announced the acquisition of NoBlue2 by Qualitas Funds V. The company was acquired by one of their specialist managers. The manager invests in lower mid-market management buyouts, growth capital transactions, acquisition financing, and turnarounds within the United Kingdom.

The company is a buyout and merge of two Oracle NetSuite partners in the UK, NoBlue and Elevate2. NoBlue, specializes in NetSuite since 2011 and was recognized as EMEA Oracle Netsuite Partner of the Year in 2022. Elevate2, founded in 2015, is the largest NetSuite Solution Partner in London, and has offshore delivery capabilities in the Philippines.

In the upcoming years, the GP anticipates undertaking several key initiatives, including expanding product specialization, fostering robust project management, enhancing service delivery capabilities, and completing additional bolt-on acquisitions.

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