Tracked deals
605
605 tracked deals across 2023.
Growth Capital Investments in 2023
Buyer mix
PE-led
694 pe · 75 investor
Top trend
Volume peaked in 2021
940 tracked deals announced in 2021.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| TA Associates | 9 | Global private equity firm focused on scaling growth in p... | PE |
| L Catterton | 6 | Global consumer-focused private investment firm specializ... | PE |
| PSG | 6 | Growth equity firm that partners with software and techno... | PE |
| Accel-KKR | 5 | Technology-focused private equity firm investing in softw... | PE |
| 424 Capital | 4 | Lower-middle-market private capital partner focused on te... | PE |
| Audax Private Equity | 4 | Middle‑market private equity firm focused on buy‑and‑buil... | PE |
| Boathouse Capital | 4 | Middle-market private equity firm providing growth and bu... | PE |
| Bregal Sagemount | 4 | Growth-focused private capital firm providing flexible gr... | PE |
| Frontier Growth | 4 | Growth equity firm that invests in and supports lower mid... | PE |
| HCAP Partners | 4 | California-based private equity and impact investor provi... | PE |
Acquisition Volume in Growth Capital Investments in 2023 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 31, 2023
- Buyer
- Aquiline Capital Partners LP
- Target
- LeaseCrunch LLC
- Industry
- Cloud & SaaS
- Location
- Wisconsin, United States
- Type
- Growth capital
Aquiline Capital Partners has made a growth investment in LeaseCrunch LLC, a lease accounting and lease management SaaS provider for CPA firms. The capital will be used to scale LeaseCrunch’s product capabilities, pursue M&A opportunities, and support continued growth; the deal closed in Q4 2023 with Marks Baughan as exclusive sell-side advisor.
-
- Buyer
- Praesidian Capital
- Target
- Reel Power International
- Industry
- Manufacturing
- Location
- Oklahoma, United States
- Type
- Growth capital
Praesidian Capital, a private equity firm based in Oklahoma City, announced a strategic equity investment in Reel Power International, a manufacturer of capital equipment for material handling and control serving industrial, marine, and energy markets. The investment is intended to support Reel Power's growth initiatives and product development while partnering with management to expand the business.
-
- Buyer
- WestView Capital Partners
- Target
- Physician Life Care Planning
- Industry
- Legal Services
- Location
- Texas, United States
- Type
- Growth capital
Boston-based WestView Capital Partners has made a growth investment in Physician Life Care Planning (PLCP), a San Antonio–headquartered provider of physician-authored life care plans and damages valuation services. The investment will be used to enhance PLCP's technology, infrastructure, and team to accelerate growth across new and existing geographies; financial terms were not disclosed.
-
December 26, 2023
- Buyer
- CM Equity Partners
- Target
- Dexis Consulting Group
- Industry
- Government & Public Sector
- Location
- Virginia, United States
- Type
- Growth capital
Dexis Consulting Group, a ~500-person Washington, D.C.-area professional services firm supporting U.S. foreign assistance programs, has partnered with CM Equity Partners for a growth capital investment to scale its federal civilian business. Dexis' management team and board remain in place; the capital will support expansion of social impact work across additional federal agencies including disaster recovery, public health, climate, and AI-enabled citizen services.
-
December 24, 2023
- Buyer
- Trawlers Limited, INEOS (through Sir Jim Ratcliffe)
- Target
- Manchester United plc
- Seller
- Glazer family members and affiliates (Class B shareholders)
- Industry
- Media & Entertainment
- Location
- United Kingdom
- Type
- Growth capital
Manchester United plc has entered into an agreement under which Sir Jim Ratcliffe, Chairman of INEOS, will acquire 25% of the company’s Class B shares and up to 25% of its Class A shares via a cash tender offer at $33.00 per share. Ratcliffe’s vehicle, Trawlers Limited, will also provide an additional $300 million intended to enable future investment into Old Trafford, subject to regulatory and shareholder approvals.
-
December 22, 2023
- Buyer
- Shore Capital Partners
- Target
- Bundled Management
- Industry
- Real Estate
- Location
- Illinois, United States
- Type
- Growth capital
Shore Capital Partners has formed a growth partnership with Bundled Management, a national property management platform founded in 2018 that provides property management, maintenance, and ancillary services to homeowner associations and real estate investors. The investment will support Bundled’s national expansion, technology enhancement, and team development as Shore works with Bundled’s leadership and a newly assembled board to scale the business.
-
December 21, 2023
- Buyer
- Altaroc, Jane Street, NPS, NYC Retirement System, Hg, ICG, TPG, Visma management
- Target
- Visma
- Industry
- Software
- Location
- Norway
- Type
- Growth capital
Hg-backed software group Visma expanded its shareholder base in a transaction valuing the company at EUR 19 billion, welcoming around 20 new investors and raising over €1bn from new investors plus roughly €3bn of new investment from existing shareholders. Named new investors include Altaroc, Jane Street, NPS and the NYC Retirement System, while existing/co-investors providing further capital include Hg, ICG, TPG and Visma management to support continued international expansion and product innovation.
-
- Buyer
- J.C. Flowers & Co. LLC
- Target
- Capital Funding Bancorp, Inc. (CFG Bank)
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Growth capital
J.C. Flowers & Co. has completed a $125 million all-primary equity investment (expandable to $165 million) for a minority stake in Capital Funding Bancorp, Inc., the holding company for Baltimore-based CFG Bank. The growth-capital investment will support CFG Bank’s expansion of its national healthcare and multifamily lending businesses and bolster the bank’s ongoing growth trajectory.
-
December 20, 2023
- Buyer
- EQT Private Equity (EQT X)
- Target
- HVD Group (Hantverksdata), Next (Next One Technology)
- Seller
- Adelis, Monterro
- Industry
- Software
- Location
- Sweden
- Type
- Growth capital
EQT Private Equity (EQT X) has agreed to invest in Swedish software companies HVD Group (Hantverksdata) and Next (Next One Technology) to create a strengthened Northern European platform serving tradespeople and the construction industry. The investment brings together complementary cloud-based field service, ERP and construction project management products to expand capabilities and accelerate growth across the Nordics and Germany; closing was expected in February 2024.
-
December 20, 2023
- Buyer
- Bain Capital Insurance, The Mutual Group
- Target
- GuideOne Insurance Company
- Seller
- GuideOne Insurance Company
- Industry
- Insurance
- Location
- Iowa, United States
- Type
- Growth capital
Bain Capital Insurance invested $200 million to acquire the operational platform of GuideOne Insurance Company and to launch The Mutual Group, a new insurance services platform focused on mutual insurers. GuideOne will remain an independent mutual and serve as The Mutual Group’s inaugural member while using the capital to strengthen its balance sheet and support growth.
-
December 19, 2023
- Buyer
- Advantage Capital
- Target
- Farmstead Manufacturing
- Industry
- Food & Beverage
- Location
- Utah, United States
- Type
- Growth capital
Advantage Capital provided a $1.75 million growth capital investment in Utah-based Farmstead Manufacturing to fund a land purchase and expand a commercial bakery from 1,000 to 5,000 square feet. The financing will support increased production capacity and distribution via wholesale, e-commerce, and catering, and the expansion is expected to create 25–30 new jobs in Leeds, Utah.
-
December 19, 2023
- Buyer
- Turning Rock Partners
- Target
- Best Friends Pet Care
- Seller
- Existing shareholders
- Industry
- Veterinary
- Location
- Connecticut, United States
- Type
- Growth capital
Turning Rock Partners, a New York-based private investment firm, provided a growth investment in Best Friends Pet Care, an employee-owned premium pet services operator headquartered in Norwalk, Connecticut. The capital will support Best Friends' national footprint expansion and an aggressive acquisitive growth strategy; existing shareholders also participated in the financing.
-
December 18, 2023
- Buyer
- Concentric Equity Partners
- Target
- Infusion Marketing Group, LLC
- Industry
- Marketing & Advertising
- Location
- Tennessee, United States
- Type
- Growth capital
Concentric Equity Partners (CEP) has made a growth investment in Infusion Marketing Group, a Memphis-based provider of data-driven analytics and marketing services for community banks and credit unions. Infusion's co-founder and CEO Tim Keith will remain in leadership and retain a significant ownership stake as CEP partners to help the company scale and leverage CEP's banking industry network; terms were not disclosed.
-
December 18, 2023
- Buyer
- Bluestone Equity Partners
- Target
- VideoVerse
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Growth capital
Bluestone Equity Partners has made a growth investment in VideoVerse, the developer of Magnifi, an AI-powered SaaS video editing and highlights platform. The funding will support VideoVerse's global expansion and continued product innovation to serve sports leagues, broadcasters and streaming platforms.
-
December 18, 2023
- Buyer
- Audax Private Equity
- Target
- Dobbs Tire & Auto Centers, Inc.
- Industry
- Automotive
- Location
- Missouri, United States
- Type
- Growth capital
Audax Private Equity has made a growth investment in Dobbs Tire & Auto Centers, a St. Louis-based tire retailer and automotive aftermarket service provider with 43 stores and more than 650 employees across Missouri and Illinois. Audax will support Dobbs' organic growth as well as greenfield expansion and M&A as part of a buy-and-build strategy; terms were not disclosed.
-
December 15, 2023
- Buyer
- Macquarie Capital Principal Finance
- Target
- Viatel Technology Group Limited
- Industry
- Cloud & SaaS
- Location
- Ireland
- Type
- Growth capital
Macquarie Capital Principal Finance is making a strategic investment in Viatel Technology Group to support the company's organic growth and acquisition-driven expansion. Macquarie will join existing shareholders Chirisa, Quay Ventures and management, with Nick Patrick (Macquarie) joining Viatel's board; the transaction is subject to regulatory approvals and expected to close in early 2024.
-
December 15, 2023
- Buyer
- Atairos
- Target
- V Sports S.C.S.
- Seller
- Nassef Sawiris, Wesley Edens
- Industry
- Media & Entertainment
- Location
- England, United Kingdom
- Type
- Growth capital
Atairos has agreed to invest as a minority partner in V Sports S.C.S., the holding company controlled by Nassef Sawiris and Wesley Edens that owns Aston Villa FC. The capital will be used to fund growth and infrastructure investments across AVFC and the broader V Sports network; V Sports will remain 100% owner of Aston Villa post-closing and retain control of club decisions.
-
December 15, 2023
- Buyer
- Housatonic Partners
- Target
- eCard Systems
- Industry
- Payments & Fintech
- Location
- Tennessee, United States
- Type
- Growth capital
Housatonic Partners, a San Francisco-based private equity firm, has made a strategic growth investment in eCard Systems, a Brentwood, Tennessee provider of outsourced gift card programs and processing services. The capital will support expansion of eCard's sales, marketing, technology and production capabilities; financial terms were not disclosed. Canaccord Genuity and Kroll Securities acted as financial advisors to eCard Systems.
-
December 15, 2023
- Buyer
- Three Hills, Three Hills Capital Solutions IV (THCS IV)
- Target
- LCap Group Limited
- Industry
- Staffing & HR
- Location
- England, United Kingdom
- Type
- Growth capital
Three Hills has made a £32.5 million growth investment in London-headquartered LCap Group to support the company's active M&A strategy and expansion into new sectors and geographies. LCap Group is a specialist leadership advisory, executive search and analytics firm (brands include Drax, Rowan and Altus) serving PE-backed and high-growth companies; the capital will be used to accelerate M&A-led growth and broaden the group’s data‑driven services.
-
December 14, 2023
- Buyer
- Investcorp
- Target
- Canpac Trends
- Seller
- JM Financial India Fund II
- Industry
- Packaging
- Location
- Gujarat, India
- Type
- Growth capital
Investcorp has led an INR 340 crore (approximately $41 million) growth investment in Canpac Trends, a paper-based packaging manufacturer headquartered in Ahmedabad. The transaction provides a partial exit to JM Financial India Fund II and will be used to expand Canpac’s production footprint across India, accelerate acquisitions and strengthen R&D.
-
December 14, 2023
- Buyer
- Thoma Bravo
- Target
- BlueMatrix
- Industry
- Cloud & SaaS
- Location
- North Carolina, United States
- Type
- Growth capital
Thoma Bravo has completed a strategic growth investment in BlueMatrix, a cloud-based content creation and distribution platform for investment research providers. The investment (debt financing provided by Golub Capital) will support BlueMatrix’s global growth and continued product innovation while founder and CEO Patricia Horotan remains in her leadership role with a significant ownership stake.
-
December 14, 2023
- Buyer
- Hg, Spectrum Equity
- Target
- CINC Systems
- Industry
- Cloud & SaaS
- Location
- Georgia, United States
- Type
- Growth capital
CINC Systems, a Duluth, Georgia–based provider of cloud-based accounting, banking integration and payments software for the community association management industry, has secured a strategic growth investment from Hg. The investment will see Hg join CINC's founder, management team and existing investor Spectrum Equity to accelerate product innovation, go-to-market expansion and continued growth following strong 2023 performance.
-
December 14, 2023
- Buyer
- Thoma Bravo
- Target
- Hypergene
- Seller
- Monterro, Other minority shareholders
- Industry
- Cloud & SaaS
- Location
- Skåne County, Sweden
- Type
- Growth capital
Thoma Bravo has completed a majority growth investment in Hypergene, a Malmö-based SaaS provider of corporate performance management and project & portfolio management software. The investment will support Hypergene's product development and European expansion; Monterro and other minority shareholders sold their stakes with Hypergene management remaining as shareholders.
-
December 13, 2023
- Buyer
- Bain Capital Private Equity, 4x4 Capital
- Target
- 1440 Foods
- Industry
- Food & Beverage
- Location
- New York, United States
- Type
- Growth capital
Bain Capital Private Equity has signed a definitive agreement to acquire a significant stake in 1440 Foods, a New York–based portfolio of sports and active nutrition brands, alongside existing investor 4x4 Capital. The transaction (expected to close in December) will leave CEO Azania Andrews and the current management team in place; debt financing is being provided by Fortress Investment Group.
-
December 13, 2023
- Buyer
- Accel-KKR
- Target
- Ntracts
- Industry
- Cloud & SaaS
- Location
- Tennessee, United States
- Type
- Growth capital
Accel-KKR, a technology-focused private equity firm, made a significant capital investment in Ntracts to support product innovation and accelerate go-to-market growth for the healthcare contract lifecycle management provider. The partnership will fund Ntracts' market expansion and product development; Brentwood Capital Advisors acted as exclusive financial advisor to Ntracts.
-
December 13, 2023
- Buyer
- Mobeus
- Target
- Ellis Recruitment Group
- Industry
- Staffing & HR
- Location
- United Kingdom
- Type
- Growth capital
Mobeus has committed £10m to acquire a significant minority stake in Ellis Recruitment Group, a specialist IT recruitment consultancy focused on Oracle and SAP ERP resourcing. The minority growth investment from Mobeus's UK-focused small‑cap buyout fund (Mobeus 2) will support Ellis's hiring and geographic expansion across Europe and the United States.
-
December 12, 2023
- Buyer
- Imperial Capital, Unnamed privately-held investment firm
- Target
- GO Car Wash
- Industry
- Retail
- Location
- Colorado, United States
- Type
- Growth capital
Imperial Capital’s express car wash platform, GO Car Wash, has received a growth investment from an unnamed privately-held investment firm. The capital will be used to expand GO’s footprint and scale operations across existing and new U.S. markets; GO currently operates 142 express car wash locations nationwide.
-
December 12, 2023
- Buyer
- Sixth Street Growth
- Target
- Stayntouch
- Industry
- Cloud & SaaS
- Location
- Maryland, United States
- Type
- Growth capital
Stayntouch, a cloud-native hotel property management system provider, raised $48 million in a strategic growth equity round led by Sixth Street Growth to accelerate product development, expand payments capabilities, and grow customer acquisition. As part of the investment, Sixth Street Growth partner Michael Bauer will join Stayntouch's board; Stayntouch was acquired by MCR in 2020 and will use the capital to expand its PMS and payments offerings globally.
-
December 12, 2023
- Buyer
- MPK Equity Partners
- Target
- NewlyNamed
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Growth capital
MPK Equity Partners has made a strategic growth investment in NewlyNamed, a Minneapolis-based tech-enabled platform that streamlines the legal name-change process for individuals. The partnership will provide capital and strategic support to accelerate NewlyNamed's growth and expand its consumer-facing service offerings across the United States.
-
December 12, 2023
- Buyer
- Broadwing Capital Management LLC
- Target
- Campany Roof Maintenance LLC
- Seller
- Ed Campany, Deb Campany
- Industry
- Construction
- Location
- Florida, United States
- Type
- Growth capital
Broadwing Capital Management LLC has made a growth investment in Campany Roof Maintenance LLC, partnering with founders Ed and Deb Campany to support expansion of the South Florida roofing services provider. Broadwing will provide operational support and capital to scale Campany's roofing maintenance, repair, and replacement services for condominium associations, commercial properties, and high-end single-family homes.
-
December 11, 2023
- Buyer
- HCAP Partners, Champlain Capital
- Target
- Simplified E‑Solutions
- Industry
- Environmental Services
- Location
- Missouri, United States
- Type
- Growth capital
HCAP Partners has made a growth equity investment in Simplified E‑Solutions (SES), a Hazelwood, Missouri–based zero waste to landfill material processing and management company; Champlain Capital led the transaction. The capital will be used to accelerate SES’s growth, expand its zero‑waste services to new geographies and customers, and support job creation and operations expansion; terms were not disclosed.
-
- Buyer
- Oak View Group
- Target
- Family Entertainment Holdings
- Industry
- Media & Entertainment
- Location
- Ohio, United States
- Type
- Growth capital
Oak View Group (OVG) announced a strategic growth investment in Family Entertainment Holdings (FEH), a diversified live-events holding company behind Hot Wheels Monster Trucks Live and Magic of Lights. The partnership will accelerate FEH’s international touring and seasonal programs while enhancing sponsorship and venue partnership capabilities through OVG’s global platform.
-
December 7, 2023
- Buyer
- Ecopol S.p.A.
- Target
- JRF Technology LLC
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Growth capital
Italian film producer Ecopol S.p.A. completed a strategic investment in Tampa-based JRF Technology LLC to strengthen its R&D capabilities in water‑soluble polymer and edible film technologies. JRF will continue to be led by its founders and serve as Ecopol's U.S. R&D Center of Excellence, supporting commercialization across end markets including personal care, healthcare and home care.
-
December 6, 2023
- Buyer
- Aldine Capital Partners, Provariant Equity Partners
- Target
- Smart Vent Holdings LLC
- Industry
- Building Products
- Location
- New Jersey, United States
- Type
- Growth capital
Aldine Capital Partners provided a subordinated note and equity investment alongside Provariant Equity Partners in Smart Vent Holdings LLC, a Mount Royal, New Jersey-based manufacturer of engineered flood mitigation products. The capital infusion is a growth-oriented financing to support Smart Vent’s manufacturing and floodproofing services across residential, commercial and municipal markets.
-
December 5, 2023
- Buyer
- Praesidian Capital
- Target
- Action Target Inc.
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Growth capital
Praesidian Capital made a strategic equity investment in Action Target Inc., a Provo, Utah–based provider of shooting range solutions and services. The investment (Praesidian previously provided debt financing in 2016) will support Action Target’s aggressive growth strategy and expansion into new markets, while Praesidian brings private equity resources and industry experience.
-
December 5, 2023
- Buyer
- Constellation Wealth Capital
- Target
- AlphaCore Wealth Advisory
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Growth capital
Constellation Wealth Capital has made a strategic minority investment in AlphaCore Wealth Advisory to provide growth capital. The funding will support AlphaCore’s expansion plans — including hiring and pursuing strategic mergers and acquisitions — while CWC will provide capital and strategic advisory support to the wealth management platform.
-
- Buyer
- Francisco Partners, Muse Group
- Target
- Hal Leonard
- Industry
- Media & Entertainment
- Location
- Wisconsin, United States
- Type
- Growth capital
Francisco Partners has provided growth capital to back the combination of Muse Group and Hal Leonard, creating an expanded global music content and learning platform. Hal Leonard will join Muse Group while both firms retain their existing headquarters; the combined business will leverage Muse Group’s digital products (Ultimate Guitar, MuseScore, Audacity) and Hal Leonard’s extensive sheet-music catalog to accelerate product, content and education offerings.
-
December 4, 2023
- Buyer
- SCF Partners
- Target
- Callidus Process Solutions Pty Ltd
- Industry
- Industrial Services
- Location
- Western Australia, Australia
- Type
- Growth capital
SCF Partners has completed an investment in Callidus Process Solutions Pty Ltd, a Perth-based specialist provider of valve management, specialist welding and maintenance services to the critical minerals processing and LNG sectors. SCF will partner with the Callidus management team to support geographic growth and enhance the company’s service offering; Callidus employs in excess of 300 people across Australia and the Asia Pacific region.
-
- Buyer
- HealthEdge Investment Partners, LLC
- Target
- P3 Oral Surgery (Pluri Potent Partnership, LLC)
- Industry
- Healthcare Services
- Location
- West Virginia, United States
- Type
- Growth capital
HealthEdge Investment Partners has made a strategic growth investment in Pluri Potent Partnership, LLC (doing business as P3 Oral Surgery), partnering with P3's surgeons who retain a meaningful ownership stake. The capital and support will be used to scale P3's oral and maxillofacial surgery platform across the Mid-Atlantic, pursue new surgeon partnerships, and expand operational capabilities.
-
- Buyer
- Inflexion (Partnership Capital)
- Target
- GlobalData Plc Healthcare business
- Seller
- GlobalData Plc
- Industry
- Data & Analytics
- Location
- United Kingdom
- Type
- Growth capital
Inflexion's Partnership Capital has agreed to make a £434 million minority equity investment to carve out GlobalData Plc's Healthcare division as a standalone business in a deal valuing the unit at £1.1 billion. GlobalData will retain majority ownership while partnering with Inflexion to accelerate organic growth, product and content investment, cross-selling, and selective M&A.
-
December 1, 2023
- Buyer
- TA Associates, Centerbridge Partners, Bridgeport Partners
- Target
- Computer Services, Inc. (CSI)
- Industry
- Cloud & SaaS
- Location
- Kentucky, United States
- Type
- Growth capital
TA Associates has made a strategic investment in Computer Services, Inc. (CSI), joining existing investors Centerbridge Partners and Bridgeport Partners to support CSI’s growth and product expansion. The transaction closed in December 2023 and will help CSI advance its multi-tenant cloud banking platform and expand capabilities for community and regional banks; financial terms were not disclosed.
-
November 30, 2023
- Buyer
- Rotunda Capital Partners
- Target
- Door Pro America
- Industry
- Building Products
- Location
- Virginia, United States
- Type
- Growth capital
Rotunda Capital Partners has invested in Door Pro America, a Gainesville, Virginia‑based residential garage door installation, repair and replacement services provider with eight U.S. locations. The founders (Co‑Presidents Larry Notto and Chris Traxler) will remain in leadership and retain an ownership stake as Rotunda partners with the company to scale organically and via acquisitions.
-
November 30, 2023
- Buyer
- Seven Hills Capital
- Target
- Reliable Medical
- Industry
- Healthcare Services
- Location
- Tennessee, United States
- Type
- Growth capital
Seven Hills Capital has made a follow-on investment in its portfolio company Reliable Medical to support the company's continued growth. The additional capital will help Reliable Medical expand into new and existing markets, accelerate recruitment of ATPs, and broaden its service footprint for patients needing complex rehab technology, clinical respiratory products and durable medical equipment.
-
November 29, 2023
- Buyer
- 424 Capital
- Target
- VaLogic
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Growth capital
424 Capital completed a significant investment in VaLogic, a Frederick, Maryland-based provider of GMP/GLP compliance software and life-science facility services. The capital will support VaLogic's growth plans—expanding services, markets and customer reach—while enabling pharmaceutical and biotechnology clients to focus on R&D and manufacturing with validated compliance tools (including VaLogic's LogiPoint SaaS).
-
November 28, 2023
- Buyer
- Novacap
- Target
- Harmony Healthcare IT
- Industry
- Healthcare Services
- Location
- Indiana, United States
- Type
- Growth capital
Novacap has made a significant growth investment in Harmony Healthcare IT (HHIT) to accelerate the development and adoption of HHIT's HealthData cloud platform, expand its use of AI for data handling and analytics, and support broader commercial growth. Triple Tree served as HHIT's exclusive financial advisor for the transaction.
-
November 28, 2023
- Buyer
- PSG Equity (PSG), InfraVia Capital Partners (InfraVia)
- Target
- One Click LCA
- Industry
- Cloud & SaaS
- Location
- Finland
- Type
- Growth capital
One Click LCA, a Helsinki-based life-cycle assessment and sustainability software platform for construction and manufacturing, received a €40 million strategic growth investment from growth equity firm PSG and private equity firm InfraVia. The capital will fund R&D, accelerate enterprise product delivery, support global expansion, and enable M&A to scale the platform's capabilities across carbon, biodiversity and circularity solutions.
-
November 28, 2023
- Buyer
- Lightyear Capital LLC, BHMS Investments, LP
- Target
- Inszone Insurance Services
- Industry
- Insurance
- Location
- California, United States
- Type
- Growth capital
Lightyear Capital has agreed to make a strategic growth investment in Inszone Insurance Services with existing investor BHMS Investments retaining a substantial stake and investing additional capital alongside Lightyear. The capital infusion is intended to fund Inszone's next phase of growth — the deal is expected to close in Q4 2023 and will add Lightyear operating partner Martin Sullivan to Inszone's board of managers.
-
November 27, 2023
- Buyer
- PSG Equity
- Target
- Sport Alliance
- Industry
- Cloud & SaaS
- Location
- Hamburg, Germany
- Type
- Growth capital
PSG Equity has committed an additional $100 million of growth capital to Sport Alliance, the Hamburg-based provider of cloud-based ERP and membership-management software for gyms and fitness studios. The follow-on investment builds on PSG's initial $65 million 2021 investment and will support Sport Alliance's international expansion and continued product and commercial growth; Sport Alliance now serves over 8,000 facilities, supports 5.2 million members and has roughly 350 employees.
-
November 27, 2023
- Buyer
- Paceline Equity Partners
- Target
- Kelso Industries
- Industry
- HVAC & Mechanical
- Location
- Arizona, United States
- Type
- Growth capital
An affiliate of Paceline Equity Partners has provided a $50 million investment to Kelso Industries, a portfolio company of Oxbow Equity Partners and Peterson Partners. The capital will be used by Kelso to fund acquisitions of complementary HVACR and mechanical building services businesses as it pursues inorganic growth. Kelso provides installation and maintenance services for HVACR, plumbing and process piping systems and is based in Phoenix, Arizona.
-
November 23, 2023
- Buyer
- Lafarge Canada Inc., Jeffrey Kimel, Michael Katchen
- Target
- EXACT Technology Corporation
- Industry
- Construction
- Location
- Ontario, Canada
- Type
- Growth capital
Lafarge Canada Inc. led an equity investment in Toronto-based EXACT Technology Corporation to accelerate digital solutions for the concrete and construction industry. The strategic investment brings industry expertise and global reach to help EXACT scale its hardware and software offerings for concrete monitoring, curing and tracking.
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