Tag Archives: Information technology

L Catterton Announces Completion of Continuation Fund to Extend its Partnership with PatientPoint Health Technologies

LCatterton
GREENWICH, Conn., July 28, 2023 /PRNewswire/ — L Catterton, a leading global consumer-focused investment firm, today announced the successful closing of a continuation fund transaction for its portfolio company PatientPoint Health Technologies™ (“PatientPoint”), a leading tech-enabled point-of-care patient engagement company. The transaction reaffirms L Catterton’s long-term commitment and maintains its ownership in the business, allows L Catterton to return capital to investors, and provides PatientPoint with additional capital to support growth initiatives. Terms of the transaction were not disclosed.

PatientPoint has become a trusted patient engagement company, and following its successful transformational combination with Outcome Health in 2021, is now an industry-leading platform serving approximately 140,000 healthcare practitioners (“HCPs”) and impacting over 750 million patient visits annually, nationwide. The Company improves doctor-patient engagement by educating patients through the nation’s largest interconnected network of digital devices in healthcare practices. With innovative solutions and unparalleled reach, PatientPoint has consistently delivered strong financial and operational excellence and is well-positioned for long-term growth.

“Over the course of our investment, PatientPoint has transformed into a leading digital patient engagement platform improving health outcomes for patients, and we believe the business continues to have opportunities to accelerate its growth,” said Andrew Taub, a Managing Partner in L Catterton’s Flagship Fund. “We are excited to continue our partnership through a transaction that not only provides new capital to PatientPoint to support product expansion, but also presents an attractive liquidity option to L Catterton’s existing investors. We look forward to continuing to work with PatientPoint’s talented team to strengthen the company’s value proposition during its next phase of growth.”

“We are thrilled to extend our successful partnership with L Catterton in a transaction that validates the significant momentum we’ve generated,” said Mike Collette, Founder and CEO of PatientPoint. “This additional investment will allow us to capitalize on meaningful near-term growth initiatives, while upholding our commitment to providing trusted, reliable solutions that improve doctor-patient engagement across the entire care journey. We thank L Catterton for their continued support and are confident that together, we will continue to drive long-term, sustainable growth.”

L Catterton will maintain its position in PatientPoint through the new dedicated continuation vehicle, which includes investments from funds advised by Neuberger Berman, lead investor, and funds advised by affiliates of Fortress Investment Group LLC, co-lead investor. Littlejohn & Co., who became a partner to L Catterton following PatientPoint’s merger with Outcome Health in 2021, will retain its ownership.

Peter Bock, Managing Director at Neuberger Berman said, “We have been impressed both by L Catterton’s consumer expertise and PatientPoint’s opportunity to leverage their expansive HCP network to offer a full set of digital solutions across the patient care journey. This transaction provides the Company with the time they need to execute their value creation strategy and offers a compelling liquidity opportunity to existing investors.”

Greg Getschow, Managing Director at Fortress added, “On behalf of our investors, we are pleased to establish this partnership with L Catterton, which provides PatientPoint with the additional capital that they need capitalize on significant growth initiatives that are ahead for the business.”

Evercore served as financial advisor to L Catterton on the transaction. Kirkland & Ellis served as legal counsel.

About L Catterton
L Catterton is a market-leading consumer-focused investment firm, managing approximately $33 billion of equity capital across three multi-product platforms: private equity, credit, and real estate. Leveraging deep category insight, operational excellence, and a broad network of strategic relationships, L Catterton’s team of more than 200 investment and operating professionals across 17 offices partners with management teams to drive differentiated value creation across its portfolio. Founded in 1989, the firm has made over 250 investments in some of the world’s most iconic consumer brands. For more information about L Catterton, please visit www.lcatterton.com.

About PatientPoint
PatientPoint® is a tech-enabled point-of-care patient engagement platform. Our innovative, tech-enabled solutions create more effective doctor-patient interactions and deliver high value for patients, providers and healthcare sponsors. Through our nearly 140k unique healthcare provider relationships, PatientPoint’s solutions impact roughly 750 million patient visits each year, further advancing our mission of making every doctor-patient engagement better®. Learn more at patientpoint.com.

Media Contacts
L Catterton
Julie Hamilton
Managing Director, Firm Communications
media@lcatterton.com
203.742.5185

PatientPoint
PatientPoint Corporate Communications
news@patientpoint.com

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Premier International Acquires Information Asset

Renovus

July 27, 2023 – Premier International (“Premier”), a technology consulting firm specializing in solutions that reduce the risk associated with complex data challenges, today announced the strategic acquisition of Information Asset (“the Company”), one of the nation’s top data governance and risk management firms. Premier International is a portfolio company of Renovus Capital Partners.

Founded in 2012, Information Asset primarily focuses on data risk, privacy, governance and monetization. Its solutions enable enterprises to evolve data governance from a conceptual idea to practical implementation, which helps foster more accurate, faster and overall improved decision-making for their clients. Information Asset serves a roster of well-known Fortune 1000 customers across various industries, including financial services and healthcare, among others. The Company also has deep relationships and partnerships with leading software platforms such as Informatica, Alation, BigID and Collibra.

Premier offers innovative technology and consulting services through its team of business consultants, software developers, subject matter experts, and its proprietary software tool Applaud®. The combined capabilities of Premier and Information Asset will enable customers of both organizations to access enhanced offerings, as well as streamlined efficiency from having their data needs handled by a single partner.

“The addition of Information Asset to Premier significantly expands the depth and breadth of our capabilities, enabling organizations to unlock the full potential of their data,” said Craig Wood, CEO of Premier. “Our combined expertise and software solutions in data migration, data risk management, and data governance will reshape norms by delivering comprehensive solutions that boost value while minimizing risks. We are thrilled to welcome Sanjeev and the Information Asset team to Premier.”

Sanjeev Varma, CEO of Information Asset, added, “We are very excited to combine forces with the Premier team, allowing us to provide enhanced solutions for our customers across the entire data value chain. Together, we will further the value we provide customers each day by helping them drive business growth, innovation, and competitive advantage. Our team is enthusiastic about what’s next and what’s possible as part of Premier.”

As a platform portfolio company for Renovus, Premier has been actively identifying acquisitions that will help expand its current product and service offerings. Manan Shah, a Partner at Renovus Capital Partners, noted, “We are excited about Premier’s strategic acquisition of Information Asset. Adding a trusted and experienced offshore delivery team has been a major goal for Premier, and the acquisition brings complementary, high-value capabilities by providing customers with new offerings across the data lifecycle.”

Terms of the transaction were not disclosed.

About Premier International

Premier International is a Chicago-based technology consulting firm offering solutions that reduce the risk associated with complex data challenges through innovative technology and consulting services. The company’s innovative services and Applaud® software reduce the overall risk in a technology transformation and ensure projects remain on track in even the most complex environments. Founded in 1985 and with over three decades of successful execution, Premier’s solutions have a proven track record across various industries and applications. For more information, please visit premier-international.com.

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GlossGenius secures $28M in Series C Funding from L Catterton for its business-in-a-box platform serving SMBs in the beauty and wellness industry

LCatterton

The vertical business-in-a-box platform has surpassed 60,000 customers and billions of dollars in annual transaction activity, delivering seamless salon, spa, and studio experiences to millions of end users.

NEW YORK, NY (PRWEB) JULY 27, 2023, GlossGenius, the business-in-a-box platform for small businesses in the beauty and wellness sector, today announced a $28M Series C funding. The equity round was led by the Growth Fund of L Catterton, a leading global consumer-focused investment firm, with participation from Bessemer Venture Partners and Imaginary Ventures. This is the second up-round for GlossGenius in the last 12 months, and brings the company’s total funding to approximately $70M to date.

GlossGenius helps tens of thousands of small business owners across the U.S. manage their operations, create a cohesive client experience and build successful businesses. With billions of dollars in annualized activity on the platform, GlossGenius saw its business grow by triple-digit percentages in the last year, underscoring its position as one of the fastest-growing companies in the industry.

“Large shifts in the beauty and wellness industry have provided a significant opportunity for vertical operating systems to create unprecedented value,” said Danielle Cohen-Shohet, CEO and Founder, GlossGenius. “We have been helping our business customers grow revenue by 25 – 100% and save hours of manual work every single day, driving financial success for local entrepreneurs. Our team’s demonstrated ability to consistently bring the best products to market with the most intuitive user experiences has enabled our customers to think bigger and run better businesses. This round will help us extend our leadership and continue to support these businesses.”

Small business owners use GlossGenius as their primary business infrastructure to manage end-to-end workflows across their back-office and front-office such as payments, booking, inventory, expenses, marketing and more. The additional funding will accelerate GlossGenius’ development of its platform, following its recent release of a myriad of consumer experience, payment and automation products.

“Given our deep expertise in beauty and our investments in disruptive software businesses across consumer verticals, we see a compelling opportunity to serve these businesses with better and more powerful tech,” said Ian Friedman, a Partner in L Catterton’s Growth Fund. “The overwhelming enthusiasm displayed by GlossGenius’ customers is a testament to the product’s excellence and the company’s position as the go-to platform in the industry. We are thrilled to leverage our expertise scaling consumer and technology businesses to support GlossGenius’ ambitious growth plans.”

The additional funding will fuel GlossGenius’s continued innovation and enable the company to deliver even more advanced products and services to support entrepreneurial business owners in the beauty and wellness vertical.

GlossGenius has recently been recognized on the Forbes Fintech 50, Inc.’s Best Workplaces of 2023, and the SMBTech 50. This spring, Cohen-Shohet was also named a 2023 EY Entrepreneur of the Year.

About GlossGenius
GlossGenius is the best appointment management and scheduling system for salons and spas. Our complete set of automated appointment scheduling, same business day payments, client management and built-in marketing solutions was designed to empower professionals to focus on being creators, not admins. For more information, visit https://glossgenius.com/ and follow the company on LinkedIn, Instagram, and Twitter.

About L Catterton
L Catterton is a market-leading consumer-focused investment firm, managing approximately $33 billion of equity capital and three multi-product platforms: private equity, credit, and real estate. Leveraging deep category insight, operational excellence, and a broad network of strategic relationships, L Catterton’s team of more than 200 investment and operating professionals across 17 offices partners with management teams to drive differentiated value creation across its portfolio. Founded in 1989, the firm has made over 250 investments in some of the world’s most iconic consumer brands. For more information about L Catterton, please visit www.lcatterton.com.

Media Contacts
GlossGenius
Six Eastern on behalf of GlossGenius
Sarah Dresdow
hello@sixeastern.com
415.854.5794

L Catterton
Julie Hamilton
Managing Director, Firm Communications
media@lcatterton.com
203.742.5185

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KP Labs Joins Renovus Capital Partners’ Legal Services Portfolio

Long Beach, CA (July 11, 2023) Keesal Propulsion Labs (KP Labs), an innovative provider of technology-enabled solutions for the legal industry, today announced that private equity firm Renovus Capital Partners (Renovus) has acquired the company, effective June 30, 2023.

KP Labs specializes in helping corporate law departments innovate through the intelligent use of technology. KP Labs now joins Renovus’ portfolio of businesses serving law firms and corporations, alongside HBR Consulting, LAC Group, and Wilson Allen. KP Labs will closely collaborate with HBR’s industry-leading team to provide even greater value for corporate law department and law firm clients across the existing portfolio.

“Joining this family of best-in-class legal services organizations is the next evolution for our company,” said KP Labs’ CEO Rudy DeFelice. “The collaborative opportunities are endless and will not only enhance the capabilities and solutions we can offer to our clients but also expand development opportunities for our amazing team.” The KP Labs team of approximately 40 professionals includes technologists, domain experts, engineers, designers, and analysts.

CIO Justin Hectus added: “Over the years that we’ve known and worked with HBR’s experts in corporate law department strategy, operations, and technology, we’ve developed a deep mutual respect and friendship. This now creates an even closer relationship. I look forward to partnering to deliver enhanced value to our clients – meeting their end-to-end process and technology needs and accelerating innovations that will benefit them and the legal ecosystem.”

Under this strategic investment, the newly formed KP Labs will continue to operate under its existing brand, with DeFelice and Hectus maintaining their leadership roles while working closely with HBR leadership.

Renovus principal Lee Minkoff stated: “Adding KP Labs’ award-winning team to our legal services portfolio supports our strategy of investing in companies with market-leading reputations for providing exceptional, value-adding outcomes for their clients. We’re impressed by KP Labs’ strong capabilities and presence in the corporate law department sector and enthusiastic about the possibilities arising out of their deeper collaboration with HBR’s legal industry experts.”

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Treebula secures SEK 28 million investment to realize the true value of forest and a greener future

Industriefonden

Treebula, a pioneering Swedish company with a vision to unlock the true value of forests, announced today an investment of SEK 28 million from Industrifonden and existing owners. The new investment will fuel Treebula’s mission to become the leading source of forestry information and digital platform connecting forest owners, buyers, and other stakeholders.

Treebula secures SEK 28 million investment to realize the true value of forest and a greener future

In a world that urgently requires adaptation to climate change across all sectors, forests play a crucial role. Recognizing this importance, multiple industries are increasingly turning to wood and forests as part of the solution for a more sustainable future. Such a shift in demand necessitates accurate and accessible information and Treebula aims to fill this gap by offering forestry management services, including forest management plans, a carbon credits marketplace, and comprehensive information on various forest management methods and their impacts on climate, economy, and biodiversity.

Adam Aljaraidah, CEO and co-founder of Treebula, said: “Interest in forests and their multifaceted applications is rapidly growing. The demand for the forest’s diverse values is on the rise, not only in Sweden but also on an international scale. The timing is perfect for us to keep establish the natural conduit between forest owners and those who wish to realize the forest’s true potential. The investment from Industrifonden not only brings us a competent and experienced partner but also provides the resources we need to solidify our position in Sweden and expand internationally under the Treebula brand.”

With this investment, Treebula is poised to accelerate its growth trajectory, leveraging the expertise and financial support from Industrifonden. Furthermore, the new capital will enable Treebula to further enhance its digital platform, broaden its services, and extend its reach both domestically and globally.

Anna Haupt, Investment Director at Industrifonden, commented: “We find ourselves amidst a changing forestry landscape, with rising demand for both wood and carbon sequestration. This predicts an evolving industry, driven by digitalization and forest owners’ growing engagement in the importance of biodiversity as well as of financial values. Treebula also recognizes the potential in carbon credits once the market matures and we’re proud to support their mission of a greener future.”

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Thompson Street Capital Partners Platform Gurobi Optimization Completes Acquisition of October Sky

Thompson

Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that TSCP portfolio company Gurobi Optimization (“Gurobi”), a provider of decision intelligence technology, has acquired October Sky, a Japan-based provider of mathematical optimization services and custom solutions. Terms of the transaction were not disclosed.

Gurobi’s acquisition of October Sky marks a significant milestone in the growth and expansion of both companies. This strategic move will allow Gurobi to leverage October Sky’s extensive expertise and experience in mathematical optimization services. The combined forces of Gurobi and October Sky will empower customers across industries to tackle complex business challenges efficiently and effectively. As the sole distributor of Gurobi Optimizer in Japan, October Sky has fostered a strong and collaborative partnership with Gurobi for more than 13 years.

Mr. Shigeru Watada, President and Co-Founder of October Sky, said, “Joining forces with Gurobi presents an incredible opportunity to expand our reach and accelerate the adoption of mathematical optimization technology in Japan. We are excited to bring our consulting services and training programs to a wider audience, ultimately empowering organizations to optimize their operations and achieve sustainable growth.”

“Acquiring October Sky is a key step in our commitment to helping customers make smarter, faster decisions with our industry-leading decision intelligence technology, ” said Duke Perrucci, CEO of Gurobi. “Their deep knowledge and experience in mathematical optimization, combined with our industry-leading software and expertise, will enable us to further enhance our offerings and better serve customers in Japan and in the Asia Pacific region.”

Craig Albrecht, TSCP Managing Director, said, “We are pleased to announce the acquisition of October Sky as the first add-on acquisition for Gurobi. The deep expertise and skill of the October Sky team represents a unique opportunity for Gurobi to expand its presence in Japan and reach both customers and users more directly.”

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EQT Private Equity to sell BBS Automation, a global leader in factory automation solutions

eqt
  • EQT Private Equity, together with its co-shareholders, to sell BBS Automation to MDAX-listed Dürr Group
  • Under EQT’s ownership, BBS has transformed from a founder-led organization to a global leader in end-to-end factory automation solutions with full digital capabilities
  • Since EQT entered in 2018, the Company has more than doubled its revenues, significantly expanded its global site footprint, and complemented organic growth with four add-on acquisitions

EQT is pleased to announce that the EQT Mid Market Europe and EQT Mid Market Asia III funds (together “EQT Private Equity” or “EQT”), together with its co-shareholders, have agreed to sell BBS Automation (“BBS” or the “Company”) to MDAX-listed Dürr Group.

Headquartered in Munich, Germany, BBS Automation helps companies automate their production processes and reduce energy consumption, waste and downtime, allowing customers to meet rapidly growing cost and sustainability demands. It plays a pivotal role in the Industry 4.0 revolution by developing and manufacturing automated, smart factory solutions. The Company’s tailor-made assembly and testing applications are used by customers in a wide range of industries, including (e)Mobility, Life Sciences, and Consumer Electronics, amongst others.

EQT Private Equity partnered with Josef Wildgruber in May 2018 and acquired a majority stake in BBS with a joint vision to build a leading global platform for factory automation. During EQT’s ownership, BBS has more than doubled its sales to over EUR 300 million today (2023 estimate). At the same time, BBS has made substantial investments in its global footprint, doubling its network of sites from 7 to 14 and growing its number of employees from around 550 to around 1,200.

Organic growth was complemented by four strategic add-on acquisitions including ANT Solutions, a Polish provider of digital factory solutions, TEAM, an Italian specialist for winding technology, and ReaLead, a Chinese automation solutions provider. Last year, BBS significantly strengthened its MedTech and Life Sciences capabilities with the acquisition of Italy-based Kahle Automation.

As part of Dürr Group, BBS will continue its growth journey under the leadership of Josef Wildgruber. The combined Group will be one of the leading assembly and automation players globally with a highly complementary solution portfolio and substantial synergies with Dürr’s automation business, in particular Teamtechnik, which Dürr acquired in 2021.

Andreas Aschenbrenner, Partner within EQT Private Equity’s Advisory Team, said, “We could not have imagined a better home for BBS than Dürr Group and a more compelling industrial logic. By combining the Dürr automation business with BBS’ global automation platform, we are creating a global leader in the field. BBS is a showcase of EQT’s philosophy of investing at the nexus of digitization and sustainability, creating value for our investors, the company and its employees and society at large.”

Robert Latz, Managing Director within EQT Private Equity’s Advisory Team, adds, “We are very proud of what we have achieved together with the BBS team over the past years. EQT has a long-standing track record of partnering with founders to help them scale and professionalize their businesses. BBS is a showcase of how we can help companies reach their full potential. We have transformed BBS to a global leader in industrial automation by expanding its solutions portfolio, end markets, and geographic footprint.”

Josef Wildgruber, CEO and Founder of BBS Automation, said “This is a momentous day in the history of BBS. We are very excited to become part of the Dürr family and continue our growth journey together, leveraging our combined German heritage, reputation and expertise. We are very grateful for EQT’s strong support over the years, which enabled us to turn BBS into the global platform it is today with a market-leading footprint across all continents. I very much look forward to working with Jochen Weyrauch and his team in building the future of automation.”

The transaction is subject to regulatory approval. Closing of the transaction is expected in the fall of 2023.

 

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization with EUR 119 billion in assets under management within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About BBS Automation
Headquartered in Munich, Germany, BBS Automation develops flexible and high-quality automation solutions for complex manufacturing and testing processes. With state-of-the-art production sites in Germany, Italy, Poland, Slovakia, India, China, Malaysia, Mexico and the US, BBS Automation supports a diverse network of blue-chip customers on a global scale. BBS has around 1,200 employees across 14 locations in Europe, Asia, and North America.

More info: www.bbsautomation.com

About Dürr Group
The Dürr Group is one of the world’s leading mechanical and plant engineering firms with extensive expertise in automation, digitalization and energy efficiency. Its products, systems and services enable highly efficient and sustainable manufacturing processes in different industries. The Dürr Group primarily supplies the automotive industry, producers of furniture and timber houses as well as the chemical, pharmaceutical, medical devices and electrical engineering sectors. The company has about 18,500 employees and 123 business locations in 32 countries.

More info: www.durr.com

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KLAR Partners enters the Netherlands market as a growth partner to hallo, with the mission to build Europe’s leading SME-focused IT services provider.

Klar Partners

Funds advised by KLAR Partners Limited (“KLAR Partners” or “KLAR”) have signed an agreement to invest as a growth partner in hallo,. As a leading Dutch provider of mission-critical IT services for SMEs, the company is well-positioned for accelerated growth and, with support from KLAR, aspires to become the champion in the growing SME market in Europe. KLAR will invest alongside the present owners, Vortex Capital Partners and hallo’s management.

hallo,’s automated services platform provides small and medium-sized clients with a one-stop-shop for mission-critical IT services. Services include among others the Microsoft modern workplace, security, communication/UC, connectivity/SD-WAN and a growing practice in Dynamics CRM and Data Warehousing/Power BI. hallo, currently employs 350 people, with offices in The Netherlands, Spain and the Caribbean. In 2022, the company achieved sales of approximately EUR 70 million.

“This investment aligns perfectly with KLAR’s strategy to support companies providing mission-critical services in resilient and growing markets. The strong growth of hallo, in recent years has been impressive and clearly reflects the strength of the platform, as well as the culture of the company. We look forward to working with management and Vortex to support the company in further accelerating its growth, particularly its plans to expand across Europe”, commented Alex Kulikowski of KLAR Partners.

“This partnership marks the next strategically important step for hallo, and opens an exciting new chapter in our journey. The support of KLAR’s expertise and resources will enable us to accelerate our growth, both organically and through acquisitions. We believe in building a sustainable, culture-driven company for the long-term and this fits well with the values of the KLAR team. We look forward to working together in pursuit of our ambition to become a leading European player, empowering SMEs wherever we operate,” commented Barry Wissink, CEO at hallo,.

We are proud of hallo,’s exceptional growth trajectory and the leading position the company obtained in the Dutch market. With its scalable platform and strong focus on standardization and automation, hallo, is very well positioned to grow further inside and outside of the Netherlands. We are keen to take part in the next wave of growth as we believe that the new partnership with KLAR will enable international expansion and further value creation. We look forward to working with the management team and KLAR on hallo,‘s mission ‘to make IT work for you’”, commented Evert Jan de Groot of Vortex Capital Partners.

This transaction is conditional upon regulatory approvals from the relevant authorities.

For more information:

Fredrik Brynildsen
fb@klarpartners.com
Tel: +44 7388 439 890

Carl Johan Falkenberg
cj@klarpartners.com
+44 7918 941 391

About hallo,
hallo, is the trusted IT service partner for SMEs with a one-stop-shop offering of mission-critical managed IT services.

hallo,’s mission is to make IT services accessible for customers and their end-users in the best possible way, for maximum impact on productivity. In the fragmented landscape of IT service providers, the company aims to become the go-to brand for everyday IT service needs. With a digital customer journey including self-service tooling to simplify the complex IT service buying experience that SMEs typically experience. And with an enthusiastic and professional team of 350 IT service professionals (affectionately referred to as ‘digital energizers’) ready to help.

hallo, currently has offices in The Netherlands, Spain and the Caribbean. For more information please visit https://hallo.eu/.

About KLAR Partners
KLAR Partners is a European private equity firm focused on investments in companies operating in business services and industrial technology. The companies in which KLAR invests each have an annual turnover of approximately EUR 50-500m and are headquartered in the DACH, Nordics, and Benelux regions. With investment professionals located in London, Stockholm, Frankfurt, and Brussels, together with a broad international network in the industry, KLAR has a proven business model to support, develop, and grow companies. KLAR’s senior professionals have worked together for many years and have more than 50 years of combined investment experience in KLAR’s industry-specific and geographical focus area. KLAR Partners is a signatory of the United Nations Principles for Responsible Investment.

About Vortex Capital Partners
Vortex Capital Partners is a specialist investment firm with a focus on small and medium-sized tech companies with a high growth potential. Since 2012 Vortex invested in 22 platform companies with close to 30 add-on investments. The team combines years of M&A experience with deep technical expertise and first-hand operational experience to support ambitious entrepreneurs and management teams as an active partner in realizing their growth ambitions.

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Fivetran Announces $125 Million in New Financing from Vista Credit Partners

Vista Equity

Investment will be used to accelerate enterprise growth, global go-to-market strategy and fuel platform innovation

OAKLAND, Calif.–(BUSINESS WIRE)–Fivetran, a global leader in automated data movement, today announced $125 million in financing from Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic credit and financing partner focused on the enterprise software, data and technology markets. The investment will be used to support Fivetran’s continued innovation and enterprise growth, bolstering its leadership position in the automated data movement market.

“In today’s macroeconomic climate, many of the most successful companies are data companies. From making revenue-impacting decisions to driving operational efficiencies, enterprises rely on data to run their business. Data availability across an organization cannot be something in question. Access must be as simple and as reliable as electricity,” said George Fraser, CEO at Fivetran. “Fivetran’s automated data movement platform helps enterprises connect to all of their data – whether on prem or in the cloud – with 99.9% guaranteed uptime. The financing will allow us to accelerate R&D and expand our automated data movement platform as we continue to scale globally.”

This past year, Fivetran has demonstrated significant momentum and continued growth. Company milestones include:

Fivetran also continued to add new product functionalities in the last year. Key updates include the introduction of Fivetran’s Metadata API which simplifies data governance for enterprises by automating the tracking of data in-flight. In addition, the company introduced new enterprise-grade capabilities including: support for Amazon S3 with Apache Iceberg which makes data lakes more effective and accessible for all users across the organization; High-Volume Agent (HVA) Connectors, AWS Gov Cloud support and private deployment – setting the industry standard with options for all deployment types for secure, real-time and high-volume database replication; and Lite connectors, which allow Fivetran to connect to virtually any SaaS application.

“Fivetran is an ideal partner for Vista Credit Partners as a founder-led, scaled and growing category leader providing mission-critical solutions to modern businesses,” said David Flannery, President at Vista Credit Partners. “We are pleased to provide non-dilutive credit solutions and operational support to George and the entire team as they continue to innovate and help more companies become data-driven.”

About Fivetran

Fivetran automates data movement out of, into and across cloud data platforms. We automate the most time-consuming parts of the ELT process from extracts to schema drift handling to transformations, so data engineers can focus on higher-impact projects with total pipeline peace of mind. With 99.9% uptime and self-healing pipelines, Fivetran enables hundreds of leading brands across the globe, including Autodesk, Conagra Brands, JetBlue, Lionsgate, Morgan Stanley and Ziff Davis, to accelerate data-driven decisions and drive business growth. Fivetran is headquartered in Oakland, California, with offices around the world. For more info, visit fivetran.com.

About Vista Credit Partners

Vista Credit Partners (VCP) is the credit-investing arm of Vista Equity Partners and is a strategic investor and financing partner focused on the growing enterprise software, data and technology market. VCP employs a highly disciplined approach to credit investing while maintaining flexibility to pursue investments offering the best relative value and investing across the capital structure. As of December 31, 2022, VCP has grown to over $6.8 billion of assets under management. Since formation in 2013 and as of March 31, 2023, VCP has deployed over $10.4 billion. For more information, please visit www.vistacreditpartners.com.

Vista Credit Partners offers solutions tailored to strategic objectives with growth-friendly terms and long-term investment horizons across both the private and broadly syndicated markets, sourcing deals directly from founder-led companies, through sponsor relationships, and from its deep network of experts, advisors and other intermediaries to support growth and unlock value through creative capital solutions and operational partnership. Vista Credit Partners has completed more than 495 software and technology transactions since inception.

Contacts

Fivetran Media Contact:
Ross Perich
press@fivetran.com

Vista Credit Partners Media Contact:
Brian W. Steel
media@vistaequitypartners.com
(212) 804-9170

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Benchmark Gensuite® Receives Minority Growth Investment from Vista Equity Partners

Vista Equity

Established category leader accepts first external capital to take advantage of growing demand for unified EHS, Sustainability and ESG reporting capabilities

Benchmark Gensuite is a unique investment opportunity as a founder-led business that’s never required external capital to establish or maintain category leadership”

— Rachel Arnold, Vista Equity Partners, Senior Managing Director

CINCINNATI, OH, UNITED STATES, April 25, 2023/EINPresswire.com/ — Benchmark Gensuite (the “Company”), a leading software platform that helps companies unify and digitally transform their EHS, Sustainability, and ESG Reporting programs, today announced a minority growth investment from Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. The minority investment, the Company’s first external capital since inception, will be used to accelerate growth and take advantage of increased market demand for unified EHS, Sustainability, ESG reporting, Quality, Operational Risk, Stewardship, and Supply Chain Risk capabilities.

“Since our founding, our ethos has been rooted in collaborative partnerships with our customers and delivering a product with fast ROI, excellent service, and continuous innovation. The opportunistic investment from Vista will enable us to accelerate product development, deepen our existing partnerships and bring the power of our platform to new customers,” said R. Mukund, Founder and CEO of Benchmark Gensuite. “With Vista, we’ve chosen a partner who is strongly aligned with our customer-focused values and has a shared commitment to innovation.”

Benchmark Gensuite was founded on the philosophy that technology can help companies power safer, compliant, and more sustainable operations worldwide. The Company’s heritage is built on its two-decade long market-leading digital EHS management platform, with quick-to-launch, best-practice workflows, intuitive functionality, turnkey configuration, and seamlessly integrated advanced technologies, including AI and IoT.

More recently, the Company expanded its offering to help organizations address emerging, global reporting standards and requirements related to climate risk, value chain sustainability, and circular economy. The Company now supports over 400 customers globally, including approximately 20% of the Fortune 500, and over three million users across 35 industries with a single, unified, organically-developed digital platform covering EHS, Sustainability, Quality, Product Stewardship, Supply Chain, Operational Risk, and ESG Reporting.

The investment in Benchmark Gensuite was made by Vista’s Endeavor Fund, which provides growth capital and strategic support to market-leading, high-growth enterprise software, data, and technology-enabled companies that have achieved at least $10 million in recurring revenue. Endeavor partnerships focus on growth, market strategy, talent, and customer success – building enduring businesses designed to scale. Founders and management teams benefit from the expertise and support of Vista and its global ecosystem to deliver unparalleled value to their customers, unlock the potential of their employees, and accelerate market leadership. Abhay Puskoor, Senior Vice President at Vista, will join Benchmark Gensuite’s Board of Directors effective immediately.

“Benchmark Gensuite is a unique investment opportunity as a founder-led business that’s never required external capital to establish or maintain category leadership,” said Rachel Arnold, Co-Head of Vista’s Endeavor Fund and Senior Managing Director. “This is a testament to the vision, expert talent, and commitment to satisfying its customers’ ever-evolving regulatory compliance needs through continuous innovation. We look forward to partnering with Mukund and the entire Benchmark Gensuite team as they look to capitalize on the accelerating market opportunity.”

Keating Muething & Klekamp PLL served as legal advisor to Benchmark Gensuite and Kirkland & Ellis LLP served as legal advisor to Vista. Financial details of the investment were not disclosed.

About Benchmark Gensuite®
Benchmark Gensuite® enables companies to implement robust, cross-functional digital systems for EHS, Sustainability, and ESG Reporting through a unified digital platform—locally, globally and across diverse operating profiles. With intuitive, best-practice-based process functionality, flexible configurations, and powerful extensions, the Benchmark Gensuite® platform has helped companies worldwide manage their EHS, Sustainability; Quality; Operational Risk and Compliance; Product Stewardship, and Supply Chain Risks for over two decades; and now organically integrated with cutting-edge ESG disclosure reporting and management solutions. Join over 3 million users that trust Benchmark Gensuite® with their software system needs and benefit from rapid deployment and adoption, immediate return on investment (ROI), service excellence, and collaborative innovation. Follow Benchmark Gensuite on LinkedIn, @Benchmark-Gensuite, and on Twitter, @Bmrk_Gensuite

About Vista Equity Partners
Vista is a leading global investment firm with more than $96 billion in assets under management as of December 31, 2022. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on Twitter, @Vista_Equity.

Jen Redden
Benchmark Gensuite
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