Tracked deals
7
7 tracked deals across 2021-2026.
Private Equity Firm
Software
Terminus Capital Partners
Atlanta, Georgia, United States
Enterprise software investment vehicle managed by Terminus Capital Partners, a growth-oriented private equity firm focused on majority investments in B2B software companies. TAP Software Holdings acquired Delta Data, a provider of pooled investment fund administration software.
- Focus Areas
- B2B enterprise software investments, FinTech, Pooled fund and fund administration software
- Website
- terminuscp.com
Recent pace
3
3 tracked deals announced in the last 12 months.
Deal mix
Growth capital
3 growth capital · 2 addon · 2 buyout
Terminus Capital Partners Acquisition Volume by Year
Last 5 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Terminus Capital Partners (TCP)
- Target
- Andesa Services (Andesa)
- Industry
- Cloud & SaaS
- Location
- Pennsylvania, United States
- Type
- Growth capital
Terminus Capital Partners (TCP) acquired a majority investment in Andesa Services, a provider of policy lifecycle administration software for life insurance and annuities in advanced markets. The transaction closed March 19, 2026, with TCP partnering with management to support technology modernization, platform expansion, and long-term innovation.
-
February 26, 2026
- Buyer
- Terminus Capital Partners (TCP)
- Target
- Eventus
- Industry
- Software
- Location
- Texas, United States
- Type
- Buyout
Terminus Capital Partners (TCP) made a majority investment in Eventus, a trade surveillance and financial risk solutions provider, to accelerate international geographic expansion and growth in its product offerings. The deal terms were not disclosed, and Eventus’ brand, leadership team, staff, and high-touch service emphasis are expected to remain.
-
November 13, 2025
- Buyer
- Discuss, Terminus Capital Partners
- Target
- Voxco, Ascribe
- Industry
- Cloud & SaaS
- Location
- Quebec, Canada
- Type
- Growth capital
Discuss and Voxco have completed a strategic combination, supported by growth investor Terminus Capital Partners, to form a unified market insights company operating under the Discuss brand. The deal brings together Discuss's AI-powered qualitative capabilities, Voxco's quantitative survey platform and Ascribe's text-analytics capabilities to create a connected insights ecosystem serving global brands, agencies and governments.
-
April 4, 2024
- Buyer
- Tritium Partners, Terminus Capital Partners
- Target
- Katabat
- Seller
- Camden Partners, Osage Venture Partners, Activate Venture Partners
- Industry
- Cloud & SaaS
- Location
- Delaware, United States
- Type
- Growth capital
Katabat, a provider of cloud-based debt collection and debt management software, received a strategic growth investment from Tritium Partners and Terminus Capital Partners. The capital will be used to expand Katabat’s product capabilities and go-to-market, and the transaction represents an exit for venture investors Camden Partners, Osage Venture Partners and Activate Venture Partners.
-
March 12, 2024
- Buyer
- Delta Data, Terminus Capital Partners
- Target
- Phoenix Systems Inc.
- Industry
- Financial Services
- Location
- Georgia, United States
- Type
- Addon
Delta Data, a Terminus Capital Partners company, acquired Phoenix Systems Inc., a fintech provider of global mutual fund transfer agent, sub-accounting and trading software. The deal expands Delta Data’s product capabilities into fund trading and record-keeping and accelerates its international footprint across Europe, Australia, the Caribbean and Canada.
-
August 23, 2023
- Buyer
- Delta Data, Terminus Capital Partners
- Target
- National Quality Review (NQR)
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Type
- Addon
Delta Data, a Terminus Capital Partners company, has acquired National Quality Review (NQR) to expand its pooled asset and mutual fund software suite with NQR's third-party oversight and benchmarking services. The acquisition integrates NQR's transfer agent, intermediary, and service provider insight offerings into Delta Data's Asset Management Suite, strengthening its capabilities for major US asset managers.
-
December 23, 2021
- Buyer
- TAP Software Holdings, Terminus Capital Partners, Petrus Asset Management Company
- Target
- Delta Data
- Seller
- Accel-KKR
- Industry
- Software
- Location
- Georgia, United States
- Type
- Buyout
TAP Software Holdings, an enterprise software investment vehicle managed by Terminus Capital Partners (with participation from Petrus Asset Management Company), has acquired Delta Data, a pooled investment fund administration software provider, from Accel-KKR. Delta Data — founded in 1985 and serving major banks, retirement recordkeepers, and investment managers — will continue to be led by CEO Whitfield Athey as the buyer invests in product and infrastructure to drive growth.
Related Acquisition Pages
Cloud & SaaS Buyers & Acquisitions
3 tracked deals by Terminus Capital Partners.
Financial Services Buyers & Acquisitions
2 tracked deals by Terminus Capital Partners.
Software Buyers & Acquisitions
2 tracked deals by Terminus Capital Partners.
Acquisitions in Georgia
2 tracked deals by Terminus Capital Partners.
Acquisitions in Delaware
1 tracked deal by Terminus Capital Partners.
Acquisitions in Massachusetts
1 tracked deal by Terminus Capital Partners.
Acquisitions in Pennsylvania
1 tracked deal by Terminus Capital Partners.
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