M&A Deal Summary

Gryphon Investors Acquires Ncontracts

On January 23, 2020, private equity firm Gryphon Investors acquired software company Ncontracts from Mainsail Partners

Acquisition Highlights
  • This is Gryphon Investors’ 2nd transaction in the Software sector.
  • This is Gryphon Investors’ 56th transaction in the United States.
  • This is Gryphon Investors’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2020-01-23
Target Ncontracts
Sector Software
Buyer(s) Gryphon Investors
Sellers(s) Mainsail Partners
Deal Type Secondary Buyout
Advisor(s) Atlas Technology Group (Financial)
Choate Hall & Stewart LLP (Legal)

Target

Ncontracts

Brentwood, Tennessee, United States
website
Ncontracts LLC provides risk, vendor, and compliance management software to a rapidly expanding customer base of more than 1,300 financial institutions located in all 50 states and U.S. territories. Ncontracts's powerful combination of software and services enables financial institutions to achieve their risk management and compliance goals with an integrated, user-friendly cloud-based solution suite that encompasses vendor risk, compliance risk, and enterprise risk management.

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Buyer(S) 1

Buyer

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 56 of 81
Sector (Software) 2 of 3
Type (Secondary Buyout) 17 of 24
State (Tennessee) 1 of 4
Country (United States) 56 of 80
Year (2020) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 Heartland Veterinary Partners

Chicago, Illinois, United States

Heartland Veterinary Partners is one of the highest quality and fastest growing veterinary support organizations in the United States, with nearly 100 veterinary practices across the Mid-American and Southern markets. Heartland’s footprint continues to rapidly expand through the successful execution of veterinary practice acquisitions and partnerships with independent practicing veterinarians focused on delivering general veterinary services to companion animals. Heartland Veterinary Partners is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Pacur

Oshkosh, Wisconsin, United States

Pacur is a supplier of extruded PETG sheet used principally to provide rigid, high-performance packaging for medical devices. The Company also produces sheet for certain specialty graphics, pharmaceutical packaging, and food packaging applications.

Buy -

Seller(S) 1

SELLER

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco.


DEAL STATS #
Overall 15 of 26
Sector (Software) 2 of 8
Type (Secondary Buyout) 4 of 5
State (Tennessee) 1 of 2
Country (United States) 15 of 26
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 SourceScrub

San Francisco, California, United States

SourceScrub offers an information services software platform to the financial services industry. The company streamlines research and business development processes by aggregating information from thousands of sources like tradeshows, conferences, award publications, and buyers’ guides. SourceScrub was founded in 2015 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-20 Syncro

Seattle, Washington, United States

Syncro is an integrated business platform for running a profitable MSP. Syncro’s unified MSP operations platform automates and simplifies service delivery for IT professionals so they can grow their businesses. Syncro was founded in 2017 and is based in Seattle, Washington.

Buy -