Tracked deals
9
9 tracked deals across 2020-2026.
Private Equity Firm
Financial Services
Morgan Stanley Expansion Capital
New York, New York, United States
Morgan Stanley Expansion Capital is a growth-focused private investment platform within Morgan Stanley Investment Management, investing growth equity and credit in high-growth companies across sectors including technology and healthcare.
- Focus Areas
- Growth equity, Private credit, Private investment platform
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Growth capital
7 growth capital · 1 buyout · 1 recapitalization
Morgan Stanley Expansion Capital Acquisition Volume by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
July 27, 2026
- Buyer
- Morgan Stanley Expansion Capital
- Target
- Conversica
- Industry
- AI & Machine Learning
- Location
- California, United States
- Type
- Recapitalization
Conversica launched Ignite, an AI-native revenue activation engine for automotive dealers and dealer groups, connecting customer, vehicle, sales, service, and conversation data into a single context layer. The company also announced a majority recapitalization led by a fund managed by Morgan Stanley Expansion Capital, which will acquire a majority stake while Conversica management continues to lead and retain significant ownership.
-
August 20, 2025
- Buyer
- Springcoast Partners, Morgan Stanley Investment Management (1GT), Edison Partners
- Target
- Overhaul
- Industry
- Logistics & Distribution
- Location
- Texas, United States
- Type
- Growth capital
Overhaul, an Austin-based in-transit supply chain risk management platform, raised $105 million in a Series C round led by Springcoast Partners with participation from Edison Partners and Morgan Stanley Investment Management's 1GT strategy. The financing (and an accompanying debt facility with MidCap Financial) will fund platform innovation, AI-driven capabilities, and a strategic acquisition roadmap to expand Overhaul's real-time supply chain risk and inventory intelligence offerings.
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- Buyer
- Morgan Stanley Expansion Capital
- Target
- Cover Whale Insurance Solutions, Inc.
- Industry
- Insurance
- Location
- New York, United States
- Type
- Growth capital
Morgan Stanley Expansion Capital provided $40 million in growth equity to Cover Whale Insurance Solutions to accelerate investments in its technology platform, analytics, and product expansion. The financing converts Morgan Stanley's prior structured debt into an equity partnership as Cover Whale scales its telematics-driven commercial auto insurance MGA, which reported $133 million in gross written premiums year-to-date and is on track for $277 million for the full year.
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July 24, 2024
- Buyer
- Morgan Stanley Expansion Capital, Gary Marino, Mark Britto, Aurum Partners
- Target
- Sokin
- Industry
- Payments & Fintech
- Location
- England, United Kingdom
- Type
- Growth capital
Investment funds managed by Morgan Stanley Expansion Capital have acquired a minority stake in UK-headquartered payments fintech Sokin, with additional participation from Gary Marino, Mark Britto, and Aurum Partners. The growth equity investment is intended to accelerate Sokin's product roadmap and support further global expansion while the company continues to operate independently under CEO Vroon Modgill.
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- Buyer
- Morgan Stanley Expansion Capital
- Target
- Cover Whale Insurance Solutions, Inc.
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Growth capital
Morgan Stanley Expansion Capital provided $27.5 million of debt and equity financing to Cover Whale Insurance Solutions to support the insurtech's growth and technology investments. The capital — which also included conversion of existing debt investors into Series A preferred — will help Cover Whale scale its connected commercial auto insurance platform serving trucking fleets and insurance agents.
-
March 31, 2022
- Buyer
- Morgan Stanley Expansion Capital
- Target
- Gozio Health
- Industry
- Healthcare Services
- Location
- Georgia, United States
- Type
- Growth capital
Gozio Health, a location-aware mobile patient engagement platform based in Atlanta, closed a growth investment from funds managed by Morgan Stanley Expansion Capital. The growth equity investment will be used to accelerate Gozio’s commercial expansion, grow client services and engineering teams, and advance the extensibility of its digital health platform.
-
September 23, 2021
- Buyer
- Elligo Health Research, Morgan Stanley Expansion Capital, Ally Bridge Group, Norwest Venture Partners, Cerner, Hatteras Venture Partners, Noro-Moseley Partners, Piper Sandler Merchant Banking, Shumway Capital, Syneos Health
- Target
- ClinEdge, GuideStar Research, BTC of New Bedford
- Industry
- Healthcare Services
- Location
- Massachusetts, United States
- Type
- Buyout
Elligo Health Research completed the acquisition of ClinEdge (including GuideStar Research and BTC of New Bedford) as part of a $135 million financing led by Morgan Stanley Expansion Capital and Ally Bridge Group, with participation from Norwest Venture Partners and existing investors. The deal expands Elligo’s global scale and capabilities by combining ClinEdge’s research practice management and clinical services with Elligo’s IntElligo technology, EHR-derived data access, and trial-acceleration platform.
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- Buyer
- Morgan Stanley Expansion Capital
- Target
- ValGenesis
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Growth capital
Morgan Stanley Expansion Capital has made a $24 million growth investment in ValGenesis, a provider of cloud-based validation lifecycle management (VLMS) software for the life sciences. Proceeds will bolster sales, accelerate product innovation in digital validation technologies, and support global deployment.
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- Buyer
- Morgan Stanley Expansion Capital
- Target
- cPacket Networks
- Industry
- IT Services
- Location
- California, United States
- Type
- Growth capital
cPacket Networks raised a $15 million growth equity investment from Morgan Stanley Expansion Capital to accelerate product innovation and customer growth. The funding will support expansion of cPacket's high-performance network visibility products and AIOps-driven analytics for hybrid/multi-cloud, data center and branch environments.
Related Acquisition Pages
Healthcare Services Buyers & Acquisitions
2 tracked deals by Morgan Stanley Expansion Capital.
AI & Machine Learning Buyers & Acquisitions
1 tracked deal by Morgan Stanley Expansion Capital.
Cloud & SaaS Buyers & Acquisitions
1 tracked deal by Morgan Stanley Expansion Capital.
Financial Services Buyers & Acquisitions
1 tracked deal by Morgan Stanley Expansion Capital.
Acquisitions in California
3 tracked deals by Morgan Stanley Expansion Capital.
Acquisitions in New York
2 tracked deals by Morgan Stanley Expansion Capital.
Acquisitions in Georgia
1 tracked deal by Morgan Stanley Expansion Capital.
Acquisitions in Massachusetts
1 tracked deal by Morgan Stanley Expansion Capital.
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