Tracked deals
82
82 tracked deals across 2023.
Cloud & SaaS Growth Capital Investments in 2023
Buyer mix
PE-led
93 pe · 9 investor
Top trend
Volume peaked in 2021
165 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 |
|---|---|---|---|
| Accel-KKR | 5 | Technology-focused private equity firm investing in softw... | PE |
| Frontier Growth | 4 | Growth equity firm that invests in and supports lower mid... | PE |
| PSG | 3 | Growth equity firm that partners with software and techno... | PE |
| Thoma Bravo | 3 | Private equity firm focused on software and technology in... | PE |
| Bain Capital Tech Opportunities | 2 | Growth-stage technology investment unit of Bain Capital f... | PE |
| Blue Star Innovation Partners | 2 | Frisco-based investment firm partnering with software and... | PE |
| H.I.G. Growth Partners | 2 | Dedicated growth capital affiliate of H.I.G. Capital that... | PE |
| LLR Partners | 2 | Lower-middle-market private equity firm focused on softwa... | PE |
| Mainsail Partners | 2 | Growth equity firm that invests in and partners with foun... | PE |
| Marlin Equity Partners | 2 | Global private equity firm providing tailored investments... | PE |
Acquisition Volume in Cloud & SaaS 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.
-
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 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 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 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 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 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
- 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 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 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 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 14, 2023
- Buyer
- Apax Digital Funds, Frontier Growth, PeakSpan Capital, Petvisor management team
- Target
- Petvisor
- Industry
- Cloud & SaaS
- Location
- Florida, United States
- Type
- Growth capital
Apax Digital Funds led a strategic growth investment of more than $100 million into Petvisor, with participation from existing investors Frontier Growth, PeakSpan Capital, and Petvisor’s management team. The funding will accelerate Petvisor’s R&D, product enhancements, and support strategic acquisitions to expand its veterinary and pet services software platform.
-
November 13, 2023
- Buyer
- Boathouse Capital
- Target
- Ontraport
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Growth capital
Boathouse Capital has completed a growth investment in Ontraport, a Santa Barbara–based CRM and marketing automation SaaS provider. The partnership with Ontraport co-founder and CEO Landon Ray will provide capital to expand the company’s sales and product development efforts.
-
November 13, 2023
- Buyer
- McCarthy Capital
- Target
- Navigate Wellbeing Solutions
- Industry
- Cloud & SaaS
- Location
- Iowa, United States
- Type
- Growth capital
Navigate Wellbeing Solutions, an employee wellbeing technology company based in West Des Moines, partnered with McCarthy Capital in a growth investment to accelerate product development, team expansion, and strategic acquisitions. The partnership provides capital and operational support to expand Navigate's reach—the company reports nearly two million subscribed users.
-
November 6, 2023
- Buyer
- Frontier Growth
- Target
- commonsku
- Industry
- Cloud & SaaS
- Location
- Ontario, Canada
- Type
- Growth capital
Frontier Growth has made a growth investment in commonsku, a Toronto-based SaaS business management platform serving the promotional products industry. The investment will support product development and industry expansion as commonsku continues to scale its vertical SaaS offering.
-
November 1, 2023
- Buyer
- Mainsail Partners
- Target
- LinenMaster, LLC
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Type
- Growth capital
Mainsail Partners has made a growth equity investment in LinenMaster, a cloud-based software provider for commercial laundries, to accelerate product development, expand client services, and grow the leadership team. As part of the announcement LinenMaster named Matt Amoia as CEO and noted recent activity including the acquisition of Infinite Laundry and a series of hires funded by Mainsail's investment.
-
October 26, 2023
- Buyer
- Funds advised by Apax Partners LLP, Aquiline Technology Growth (Aquiline Capital Partners LP)
- Target
- GAN Integrity
- Industry
- Cloud & SaaS
- Location
- New York, United States
- Type
- Growth capital
Funds advised by Apax Partners LLP led a significant growth investment in GAN Integrity, with participation from existing investor Aquiline Technology Growth (Aquiline). The capital will be used to accelerate product development and support GAN Integrity's global growth of its cloud-based ethics, risk and compliance (GRC) platform.
-
October 26, 2023
- Buyer
- Blue Star Innovation Partners
- Target
- OfficeRnD
- Industry
- Cloud & SaaS
- Location
- Georgia, United States
- Type
- Growth capital
Blue Star Innovation Partners (BSIP) has made a strategic growth investment in OfficeRnD, a provider of coworking and hybrid work SaaS. The capital and BSIP's operational, software and integrated-payments expertise will be used to accelerate OfficeRnD's product offering and expand its reach—including into North America.
-
October 24, 2023
- Buyer
- Perwyn
- Target
- iamproperty
- Seller
- LDC
- Industry
- Cloud & SaaS
- Location
- Tyne and Wear, United Kingdom
- Type
- Growth capital
Perwyn has acquired LDC's stake in Newcastle-headquartered iamproperty, with co-founders Ben Ridgway and Jamie Cooke and the management team retaining a majority shareholding. iamproperty, a provider of SaaS technology solutions to UK estate agents (including the 'movebutler' conveyancing/onboarding platform), has grown rapidly under LDC's minority investment since 2019 — now employing over 530 people and expecting c. £76m revenue for the year ending October 2023.
-
October 24, 2023
- Buyer
- Hull Street Energy
- Target
- Upstream Tech
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Growth capital
Hull Street Energy (HSE) has made a strategic growth investment in Upstream Tech to support the company's HydroForecast and Lens platforms for water forecasting and remote monitoring. The partnership will provide capital and sector expertise to help Upstream Tech expand its team, scale product development, and accelerate deployment in energy, water management, and environmental markets.
-
October 21, 2023
- Buyer
- Accel-KKR, LLR Partners
- Target
- Appspace
- Industry
- Cloud & SaaS
- Location
- Florida, United States
- Type
- Growth capital
Accel-KKR has made a strategic growth investment in Appspace, joining existing investor LLR Partners to accelerate product innovation for the workplace experience platform. The capital will fund AI enhancements, IoT integrations, and deeper partner integrations as Appspace expands its SaaS platform used by more than 160 Fortune 500 companies and over 10 million employees.
-
October 18, 2023
- Buyer
- Bellini Capital
- Target
- Compliance Risk (rebranding to Compliance Scorecard)
- Industry
- Cloud & SaaS
- Location
- New Hampshire, United States
- Type
- Growth capital
Bellini Capital has made a $3.5 million growth investment in Compliance Risk, a Governance-as-a-Service provider for managed service providers (MSPs), which will rebrand to Compliance Scorecard. The capital will be used to expand the product roadmap with additional risk-management and governance modules to help MSPs offer compliance and basic security operations services.
-
October 18, 2023
- Buyer
- Primus Capital
- Target
- Prendio, BioProcure
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Growth capital
Primus Capital has made a growth equity investment in Prendio and sister company BioProcure to support organic growth, expansion into additional life-sciences markets, and continued product and service innovation. The investment will back Prendio's cloud-based eProcurement SaaS and BioProcure's procure-to-pay support services for biotech customers; Aeris Partners served as exclusive financial advisor to the sellers and law firms Latham & Watkins and Goodwin Proctor served as legal advisors.
-
October 18, 2023
- Buyer
- Frontier Growth
- Target
- Accredible
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Growth capital
Frontier Growth has made a growth equity investment in Accredible, a Mountain View, California–based digital credentialing platform. The capital will support Accredible’s product innovation and growth initiatives to expand its credential offerings and customer experience.
-
October 11, 2023
- Buyer
- TA Associates, OceanSound Partners
- Target
- Kinective
- Industry
- Cloud & SaaS
- Location
- Arizona, United States
- Type
- Growth capital
TA Associates has made a strategic investment in Kinective alongside existing investor OceanSound Partners, with TA and OceanSound becoming equal partners. The capital will be used to accelerate product innovation, bolster sales and support resources, and support future add-on acquisitions as Kinective scales its banking connectivity, workflow, and analytics platform.
-
September 27, 2023
- Buyer
- Tritium Partners
- Target
- VanillaSoft
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Type
- Growth capital
VanillaSoft announced a significant growth investment from private equity firm Tritium Partners to accelerate product innovation and market expansion. The capital will advance VanillaSoft's AI-enabled prospect nurturing and intelligent lead routing features and support expansion plans, with Louis Summe joining as Executive Chairman.
-
August 30, 2023
- Buyer
- Riverwood Capital, Toba Capital
- Target
- Hyperproof
- Industry
- Cloud & SaaS
- Location
- Washington, United States
- Type
- Growth capital
Hyperproof, a Bellevue-based SaaS risk and compliance management platform, closed a $40 million growth investment led by Riverwood Capital with participation from existing investor Toba Capital. The funding will be used to expand Hyperproof's enterprise-grade offerings, accelerate product development (including AI-driven automation) and scale the company's go-to-market for mid-market and large enterprise customers.
-
August 28, 2023
- Buyer
- WestView Capital Partners
- Target
- Hubstaff
- Industry
- Cloud & SaaS
- Location
- Indiana, United States
- Type
- Growth capital
WestView Capital Partners, a Boston-based growth private equity firm, made a growth equity investment in Hubstaff, a workforce management SaaS platform. The capital will support Hubstaff’s product and go-to-market expansion as it scales workforce analytics, time tracking, and employee experience capabilities.
-
- Buyer
- Blue Star Innovation Partners
- Target
- PlayMetrics
- Industry
- Cloud & SaaS
- Location
- North Carolina, United States
- Type
- Growth capital
Blue Star Innovation Partners, a growth-focused investment firm backed by Jerry Jones, has taken a significant ownership position in PlayMetrics, a Morrisville, North Carolina-based provider of operations management software for youth sports organizations. The capital and BSIP's software and payments expertise will accelerate product development, improve customer service, and support expansion into additional youth sports end markets like leagues, tournaments, and governing bodies.
-
August 17, 2023
- Buyer
- Abu Dhabi Investment Authority (ADIA), CapitalG
- Target
- TeamSystem
- Industry
- Cloud & SaaS
- Location
- Lombardy, Italy
- Type
- Growth capital
A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and CapitalG, Alphabet’s growth fund, have agreed to acquire minority stakes in Italian business-software provider TeamSystem. Hellman & Friedman will remain the majority shareholder; the investments will support TeamSystem’s product expansion and international growth and are expected to close in Q1 2024 subject to customary conditions.
-
August 17, 2023
- Buyer
- Accel-KKR
- Target
- Ocuco
- Industry
- Cloud & SaaS
- Location
- Dublin, Ireland
- Type
- Growth capital
Accel-KKR has made a €60 million growth equity investment in Ocuco to accelerate the eyecare software provider’s global expansion, support its cloud-based Acuitas 3 OmniChannel Edition, and fund strategic M&A opportunities. The backing will help Ocuco scale its omnichannel and practice/lab management offerings across its global customer base.
-
- Buyer
- Atairos
- Target
- Antares Audio Technologies (Auto-Tune)
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Growth capital
Atairos has completed a minority growth investment in Antares Audio Technologies, the creator of the Auto-Tune vocal-processing software and Auto-Tune Unlimited SaaS suite. Financial terms were not disclosed; the capital will support Auto-Tune's continued SaaS growth, AI integration and expansion into new creator markets. Existing investors include Ulysses Management and Orkila Capital; Lazard and Robinson Bradshaw advised Antares while Davis Polk & Wardwell advised Atairos.
-
August 14, 2023
- Buyer
- H.I.G. Growth Partners, H.I.G. Capital
- Target
- Worksuite
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Growth capital
H.I.G. Growth Partners, the growth-capital affiliate of H.I.G. Capital, has completed a strategic growth investment in Worksuite, an end-to-end freelancer operations management cloud platform. The funding will support Worksuite's product and go-to-market expansion as it scales its contingent workforce management, compliance, and payments capabilities for enterprise customers.
-
August 7, 2023
- Buyer
- Extendly
- Target
- ChatHQ
- Industry
- Cloud & SaaS
- Location
- Florida, United States
- Type
- Growth capital
Extendly has acquired a strategic stake in ChatHQ, a sales and support SaaS known for its Engagement Widget that helps marketing agencies boost engagement and conversions. The investment deepens the companies' partnership within the HighLevel community and aims to accelerate product development and distribution to Extendly's agency customers.
-
August 2, 2023
- Buyer
- Guidepost Growth Equity
- Target
- Intellum
- Industry
- Cloud & SaaS
- Location
- Georgia, United States
- Type
- Growth capital
Guidepost Growth Equity made a $25 million minority growth equity investment in Intellum, an enterprise learning management system provider. The capital will accelerate Intellum's product development, go-to-market, and hiring initiatives to support scaled content and engagement for business education programs.
-
July 26, 2023
- Buyer
- Bain Capital Tech Opportunities, Valeas Capital Partners
- Target
- Ren
- Industry
- Cloud & SaaS
- Location
- Indiana, United States
- Type
- Growth capital
Ren, an Indianapolis-based provider of donor-advised fund enablement software and services, received a strategic growth investment led by Bain Capital Tech Opportunities and Valeas Capital Partners. The capital — Ren's first institutional funding — will be used to build new product features, rapidly scale the team, increase advisor and client awareness of donor-advised funds, and expand Ren's charity network; financial terms were not disclosed. Raymond James acted as exclusive financial advisor.
-
July 26, 2023
- Buyer
- Gauge Capital
- Target
- Craftable
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Type
- Growth capital
Gauge Capital has made a growth equity investment in Craftable, a hospitality-focused SaaS platform, to fund product innovation and accelerate sales growth. Gauge partners Tom McKelvey, Garrett Fair, and Sam Yang joined Craftable’s board as part of the transaction; TI Partners served as financial advisor.
-
- Buyer
- Keensight Capital
- Target
- e-Attestations
- Industry
- Cloud & SaaS
- Location
- Île-de-France, France
- Type
- Growth capital
Keensight Capital has agreed to acquire a minority stake in e-Attestations, a Paris-based Third-Party Risk Management (TPRM) SaaS platform that centralizes GRC and ESG supplier data. The investment will support product development, commercial scaling and accelerate e-Attestations' international expansion, with the founder, CEO and employees co-investing alongside Keensight.
-
July 18, 2023
- Buyer
- Clearhaven Partners
- Target
- Korbyt
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Type
- Growth capital
Clearhaven Partners has made a significant growth investment in Korbyt to accelerate the digital signage and workplace experience SaaS provider's product innovation, reseller and technology partnerships, and customer support expansion. Financial terms were not disclosed; Virgo Capital remains a minority investor and Korbyt will continue to operate from its Dallas headquarters.
-
July 13, 2023
- Buyer
- Stone-Goff Partners
- Target
- BigScoots
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
Stone-Goff Partners, a growth-oriented private equity firm, has made an investment in BigScoots, a managed WordPress hosting and value-added managed hosting provider. The capital will support BigScoots' product and service development, channel partnerships, team expansion, efficiency improvements and pursuit of complementary M&A as the company scales its 9,000+ customer base.
-
- Buyer
- Marlin Equity Partners
- Target
- LineLeader (by ChildcareCRM)
- Seller
- Growth Street Partners, Other existing shareholders
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Type
- Growth capital
Marlin Equity Partners completed a majority growth investment in LineLeader (by ChildcareCRM), a provider of SaaS enrollment, engagement and billing software for early childcare education centers. Growth Street Partners and other existing shareholders retain a minority stake; Marlin said the capital will be used to accelerate product development, expand market reach and support continued growth.
-
- Buyer
- Mainsail Partners
- Target
- Red Oak Compliance Solutions
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Type
- Growth capital
Mainsail Partners made a $51 million growth equity investment in Red Oak Compliance Solutions to accelerate product development, enhance its software suite, and scale customer service. Red Oak is a provider of compliance and advertising review SaaS for financial services and insurance firms, serving over 1,800 firms globally.
-
June 21, 2023
- Buyer
- Baird Capital (Venture Capital team)
- Target
- Parallax
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Growth capital
Baird Capital's venture team led a Series B funding round in Parallax, a provider of predictive forecasting and capacity-planning software for digital services. Parallax will use the capital to accelerate product innovation, expand market presence, and scale operations to meet growing demand.
-
- Buyer
- Pittco Direct Investments II, LP
- Target
- ShowOps, Inc.
- Industry
- Cloud & SaaS
- Location
- Florida, United States
- Type
- Growth capital
Pittco Direct Investments II, the direct investing arm of Pittco Management, completed an equity investment in ShowOps, Inc., a provider of end-to-end operational and administrative tools for the live event industry. The investment is a growth equity/minority stake intended to expand ShowOps' capacity to serve the live events ecosystem.
-
May 31, 2023
- Buyer
- PSG
- Target
- Hostaway
- Industry
- Cloud & SaaS
- Location
- Finland
- Type
- Growth capital
Hostaway, a vacation rental management software provider headquartered in Finland, raised $175 million in a growth investment led by PSG to accelerate global expansion, hire talent, and pursue organic and inorganic growth. The funding — the largest capital raise in the vacation rental platform sector to date — will support scaling of Hostaway’s SaaS platform and customer service capabilities.
-
May 25, 2023
- Buyer
- PSG Equity (PSG)
- Target
- 4me
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Growth capital
PSG Equity has made a strategic growth investment in 4me, a SaaS-based IT Service Management (ITSM) and Enterprise Service Management (ESM) vendor. The transaction accompanies the appointment of Kevin McGibben as CEO and Chairman, with 4me's co-founders remaining involved; proceeds will accelerate product innovation and support geographic expansion into EMEA and the U.S.
-
- Buyer
- Bregal Sagemount
- Target
- Orange Logic
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Growth capital
Bregal Sagemount (Sagemount) has made a strategic growth investment in Orange Logic, a provider of the Cortex digital asset management (DAM) platform. The capital will support product development and market expansion as Orange Logic scales its DAM technology for large enterprise customers.
-
- Buyer
- Apax Partners LLP (funds advised by Apax)
- Target
- IBS Software
- Seller
- Blackstone
- Industry
- Cloud & SaaS
- Location
- Kerala, India
- Type
- Growth capital
Funds advised by Apax Partners agreed to invest approximately $450 million to acquire a significant minority stake in IBS Software from Blackstone. The transaction will leave founder V K Mathews as majority shareholder and positions Apax as a strategic partner to help IBS accelerate growth of its cloud-native travel and logistics SaaS platform.
-
May 10, 2023
- Buyer
- Serent Capital
- Target
- BS&A
- Industry
- Cloud & SaaS
- Location
- Michigan, United States
- Type
- Growth capital
Serent Capital, a growth-focused private equity firm, has made a significant growth investment in BS&A, a US-based ERP software provider for municipalities. The capital will be used to accelerate geographic expansion and further adoption of BS&A's cloud ERP product across local governments.
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