Investment Summary

Spire Capital Partners and Apogem Capital Invest In Penlink

On April 5, 2022, private equity firm Spire Capital Partners and asset manager Apogem Capital invested in software company Penlink

Investment Highlights
  • This is Spire Capital Partners’ 5th and Apogem Capital’s 6th transaction in the Software sector.
  • This is Spire Capital Partners’ 34th and Apogem Capital’s 67th transaction in the United States.
  • This is Spire Capital Partners’ 1st and Apogem Capital’s 2nd transaction in Nebraska.

Investment Summary
Date 2022-04-05
Target Penlink
Sector Software
Investor(s) Spire Capital Partners
Apogem Capital
Deal Type Growth Capital
Advisor(s) Chartwell Financial Advisory Inc. (Financial)
Kutak Rock (Legal)

Target

Penlink

Lincoln, Nebraska, United States
website
Penlink is a provider of communications surveillance software to top federal, state, and local law enforcement agencies in the U.S. and internationally. Penlink was founded in 1986 and is based in Lincoln, Nebraska.

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Investor(S) 2

Investor

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 35 of 35
Sector (Software) 5 of 5
Type (Growth Capital) 9 of 9
State (Nebraska) 1 of 1
Country (United States) 34 of 34
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 NetFortris

Plano, Texas, United States

NetFortris provides secure cloud-based UCaaS, managed network solutions, hosted productivity applications, security, and specialized applications for enterprises of all sizes. The company's Cloud Solutions Platform, a proprietary cloud services management and analytics platform, provides the foundation for all NetFortris services, and delivers security, analytics, and integrated management for simple, scalable, and highly secure cloud communications operations. NetFortris was established in 1993 and is based in Plano, Texas.

Sell $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 Advocate

Norcross, Georgia, United States

Advocate is a Premier TBM Services company, provides technology business management and technology expense management services to enterprise organizations looking to optimize their technology strategy and infrastructure. Advocate was founded in 2001 and is based in Norcross, Georgia.

Sell -
Investor

Apogem Capital

Chicago, Illinois, United States

website

Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.

DEAL STATS #
Overall 67 of 69
Sector (Software) 6 of 6
Type (Growth Capital) 10 of 11
State (Nebraska) 2 of 2
Country (United States) 67 of 69
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 dlhBOWLES

Canton, Ohio, United States

dlhBOWLES is a supplier of innovative engineered plastic solutions to many of the largest corporations and most recognizable brands around the globe in the automotive and consumer products industries. The company designs and manufactures automotive products for camera and sensor wash systems, windshield washer systems, powertrain, chassis, and sunroof products. It also provides solutions for a wide array of consumer products in the areas of consumer sprays, plumbing, irrigation, and other diverse applications. dlhBOWLES was founded in 1961 and is based in Canton, Ohio.

Sell $255M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Auveco

Cold Spring, Kentucky, United States

Auveco is a distributor of fasteners to the automotive body hardware aftermarket and general industrial maintenance, repair, and operations space. The Company sells to thousands of wholesale distribution customers who subsequently service hundreds of thousands of collision centers, repair shops, and dealerships located throughout North America. Auveco was founded in 1936 and is based in Cold Spring, Kentucky.

Sell -
Mergr

Product

Company

Legal