Investment Summary

Napier Park Financial Partners Invests In 7shifts Employee Scheduling Software

On January 24, 2019, private equity firm Napier Park Financial Partners invested in internet software and services company 7shifts Employee Scheduling Software

Investment Highlights
  • This is Napier Park Financial Partners’ 5th transaction in the Internet Software and Services sector.
  • This is Napier Park Financial Partners’ 3rd transaction in Canada.
  • This is Napier Park Financial Partners’ 1st transaction in Saskatchewan.

Investment Summary

Date 2019-01-24
Target 7shifts Employee Scheduling Software
Sector Internet Software and Services
Investor(s) Napier Park Financial Partners
Deal Type Venture

Target

7shifts Employee Scheduling Software

Saskatoon, Saskatchewan, Canada
website
7shifts Employee Scheduling Software, Inc. is a labor-management platform for the restaurant industry. 7shifts are used by growing multi-unit restaurant groups including Bareburger, Honeygrow, Smoke's Poutinerie, Yogurtland, Juice It Up!, and many others. More than a scheduling platform, 7shifts empowers restaurant managers to optimize their workforce to better manage employees, resulting in reduced labor costs. 7shifts Employee Scheduling Software was founded in 2014 and is based in Saskatoon, Saskatchewan.

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Investor(S) 1

DESCRIPTION

Napier Park Financial Partners (NPFP) is the private equity arm of asset manager Napier Park Global Capital. NPFP primarily looks to back high-growth financial services companies. Specific areas of interest include payments, banking and lending, insurance and benefits, asset and wealth management, and broader business services and outsourcing. Napier Park Financial Partners is based in New York City.


DEAL STATS #
Overall 5 of 7
Sector (Internet Software and Services) 5 of 6
Type (Venture) 4 of 6
State (Saskatchewan) 1 of 1
Country (Canada) 3 of 3
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 Q4

Toronto, Ontario, Canada

Q4 is a provider of cloud-based Investor Relations (IR) websites and apps on all screens - desktop, tablet and smartphones. Q4 was founded in 2005 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 Nvoicepay

Beaverton, Oregon, United States

Nvoicepay, Inc. is a provider of payment automation software for the enterprise. Nvoicepay was founded in 2009 and is based in Beaverton, Oregon.

Sell -