Meal Ticket and MarketMan Merge with $100M+ Growth Investment from PSG

Zenchef and CoverManager Form Joint European Restaurant Revenue Management Platform

July 15, 2025

Cloud & SaaS

Zenchef and CoverManager announced a strategic combination to create a leading European restaurant revenue management platform. Zenchef will retain its Paris headquarters and brand, CoverManager will retain its Seville headquarters and brand, and a newly formed holding company will oversee both businesses, with PSG Equity remaining majority shareholder. The transaction is expected to close during Q3 2025; financial terms were not disclosed.

Valeas Capital Partners Acquires Majority Stake in TicketManager

June 2, 2025

Cloud & SaaS

Valeas Capital Partners has acquired a majority stake in TicketManager, a platform for end-to-end corporate event ticket and guest management. The deal includes Valeas committing $110 million to support TicketManager’s strategic growth, with CEO Tony Knopp and COO Ken Hanscom retaining minority interests.

PSG Equity Commits Additional $100M to Sport Alliance

November 27, 2023

Cloud & SaaS

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.

PSG Equity Invests Over €50 Million in Zenchef

September 19, 2022

Cloud & SaaS

PSG Equity has made an investment of over €50 million in Zenchef, a Paris-based restaurant technology company, to support the company’s European expansion and product development. The growth equity from PSG will help Zenchef accelerate hiring, broaden its SaaS product suite (including a consumer app and pay-at-table features) and strengthen its leadership across European markets.

ParTech Acquires MENU Technologies AG

August 9, 2022

Restaurants & Hospitality

PAR Technology Corporation (ParTech) has acquired MENU Technologies AG, a Switzerland-based omnichannel online ordering and eCommerce platform for restaurant brands. The deal adds MENU's online ordering and delivery orchestration capabilities to PAR's unified commerce suite, enhancing PAR's ability to offer integrated POS, payments, loyalty and back-office solutions to enterprise restaurant clients.

PSG-Backed Merger of Meal Ticket and Trackmax

January 13, 2021

Software

Funds advised by PSG completed a majority investment to support a strategic merger between foodservice software providers Meal Ticket and Trackmax. The combined business will integrate complementary SaaS platforms—sales and lead-generation tools from Meal Ticket and contract/rebate management and BI from Trackmax—to expand data-driven solutions for distributors and manufacturers in the foodservice industry.