Investment Summary

Spectrum Equity and HgCapital Invest In CINC Systems

On June 1, 2020, private equity firms Spectrum Equity and HgCapital invested in internet software and services company CINC Systems

Investment Highlights
  • This is Spectrum Equity’s 28th and HgCapital’s 17th transaction in the Internet Software and Services sector.
  • This is Spectrum Equity’s 75th and HgCapital’s 8th transaction in the United States.
  • This is Spectrum Equity’s 1st and HgCapital’s 1st transaction in Georgia.

Investment Summary
Date 2020-06-01
Target CINC Systems
Sector Internet Software and Services
Investor(s) Spectrum Equity
HgCapital
Deal Type Growth Capital

Target

CINC Systems

Duluth, Georgia, United States
website
CINC Systems provides transformational technology and services for the community association industry, redefining the way its clients and partners do business. CINC Systems was founded in 2005 and is based in Duluth, Georgia.

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Investor(S) 2

Investor

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 4.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $100 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.

DEAL STATS #
Overall 86 of 94
Sector (Internet Software and Services) 28 of 29
Type (Growth Capital) 41 of 46
State (Georgia) 1 of 1
Country (United States) 75 of 81
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 DispatchTrack

San Jose, California, United States

DispatchTrack is a provider of SaaS solutions that enable end-to-end optimization of operations and customer experiences in last-mile delivery. The company's platform includes modular tools for self-scheduling, dynamic route optimization, real-time tracking, proof of delivery, billing, and settlement, and delivery network performance analysis. Serving customers around the world, DispatchTrack helps businesses of all sizes, from mid-sized operations to multi-billion-dollar enterprises. DispatchTrack is used across a wide range of industries, including furniture, appliances, building supplies, food and beverage, and field and home services. DispatchTrack was formed in 2011 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 PWNHealth

New York, New York, United States

PWNHealth is a provider of lab connectivity, compliance, and patient outreach solutions for health and wellness, telemedicine, diagnostic labs, and payer markets. PWN services all 50 states and Puerto Rico with telehealth and telegenetic services. PWN model enables safe and easy access to diagnostic testing, ensuring clinical validity, utility, quality consumer education, access to clinicians, and the ability to implement national programs seamlessly. PWNHealth is based in New York City.

Buy -
Investor

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.

DEAL STATS #
Overall 114 of 138
Sector (Internet Software and Services) 17 of 20
Type (Growth Capital) 16 of 25
State (Georgia) 1 of 2
Country (United States) 8 of 14
Year (2020) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 Rhapsody & Population Health Businesses

Auckland, New Zealand

Rhapsody & Population Health Businesses business comprising Orion Health’s Rhapsody and Symphonia software products designed to integrate systems through the acquisition and exchange of data. Rhapsody & Population Health Businesses is based in Auckland, New Zealand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-09 Silverfin

Gent, Belgium

Silverfin is a cloud platform for accountants that improves the efficiency, competitiveness and profitability of compliance services, and powers the development and delivery of advisory services. Silverfin was founded in 2013 and is based in Gent, Belgium.

Buy -
Mergr

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