Abry Partners Invests in Inoapps; Stellus Provides Financing

Wavecrest Growth Partners and Abry Partners Make Growth Investment in Pole Star

April 7, 2021

Cloud & SaaS

Wavecrest Growth Partners and Abry Partners completed a growth investment in Pole Star Space Applications Limited to accelerate hiring, scale sales, and expand product development for its cloud-based maritime compliance, surveillance, and sustainability SaaS solutions. The capital will support commercialization and innovation into AI, ML and distributed ledger technologies as Pole Star pursues broader digitalisation across maritime trade, ports, and commodity finance markets.

Inoapps Acquires Pittsburgh-Based Oracle Services Specialist Tier1

August 1, 2022

IT Services

Global Oracle partner Inoapps has acquired Pittsburgh-based Tier1, an Oracle services specialist, effective August 1. The deal expands Inoapps' US footprint and bolsters its on-premise Oracle technology, applications, managed services and private cloud capabilities.

Abry Partners Makes Significant Growth Investment in Options

January 7, 2020

IT Services

Abry Partners, a Boston-based private equity firm, has made a significant growth investment in Options, a London-headquartered provider of cloud-enabled managed IT services to the global capital markets. The deal will fund Options’ accelerated growth strategy, strategic M&A, further investment in its technology platform and expansion into key financial centers globally; terms were not disclosed.

Stellus Capital Leads Growth Investment in Elmdale Partners

September 21, 2021

Real Estate

Stellus Capital Management led a strategic growth capital investment in Elmdale Partners, with participation from LBC Small Cap SBIC and Jones Capital. The funding will support Elmdale’s geographic expansion, M&A activity, technology upgrades for its network of independent agents, and refinancing of existing debt.

Abry Partners Invests in Freestar

January 6, 2021

Marketing & Advertising

Boston-based private equity firm Abry Partners made a strategic minority investment in Freestar, a Phoenix-area ad monetization and ad tech company. The growth capital will support Freestar's product and technology development, expansion of services to publishers, e-commerce sites and app developers, and pursuit of strategic acquisitions while existing shareholders retain majority ownership.

Recognize Partners (with Stellus financing) Makes Strategic Growth Investment in 2X

March 29, 2023

Marketing & Advertising

Recognize Partners made a strategic growth equity investment in 2X, the B2B marketing-as-a-service (MaaS) pioneer, marking 2X's first institutional financing. Stellus Capital Management provided unitranche debt and an equity co-investment to support the transaction; 2X's management team will remain in place to scale the firm's MarTech, delivery, and global capabilities.