Investment Summary

Serent Capital Invests In MSI

On September 22, 2021, growth capital firm Serent Capital invested in software company MSI

Investment Highlights
  • This is Serent Capital’s 26th transaction in the Software sector.
  • This is Serent Capital’s 54th transaction in the United States.
  • This is Serent Capital’s 2nd transaction in New Jersey.

Investment Summary

Date 2021-09-22
Target MSI
Sector Software
Investor(s) Serent Capital
Deal Type Growth Capital

Target

MSI

Parsippany, New Jersey, United States
website
MSI is a software provider to the spa and salon industry. MSI software powers over 150,000 users daily and processes billions of dollars in transactions for its thousands of customers across the globe. MSI was founded in 1987 and is based in Parsippany, New Jersey.

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Investor(S) 1

Investor

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 58 of 65
Sector (Software) 26 of 30
Type (Growth Capital) 48 of 55
State (New Jersey) 2 of 2
Country (United States) 54 of 61
Year (2021) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Next Gear Solutions

Oxford, Mississippi, United States

Next Gear Solutions is a provider of job management and workflow software to the restoration industry. Next Gear's SaaS platform is used by thousands of restoration contractors to manage all aspects of their business. Next Gear was founded in 2008 and is headquartered in Oxford, Mississippi.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Raintree Systems

Temecula, California, United States

Raintree Systems is a provider of electronic health record (EHR) and revenue cycle management (RCM) software solutions to the therapy market. Raintree’s EHR and practice management solutions are used by more than 25,000 users across North America. Raintree’s commitment to Software-as-a-Relationship uniquely distinguishes them from other providers in the market. Raintree Systems was founded in 1983 and is based in Temecula, California.

Buy -