Investment Summary

Carrick Capital Partners and Escalate Capital Invest In Everspring

On May 20, 2014, growth capital firm Carrick Capital Partners and mezzanine finance firm Escalate Capital invested in internet software and services company Everspring

Investment Highlights
  • This is Carrick Capital Partners’ 1st and Escalate Capital’s 8th transaction in the Internet Software and Services sector.
  • This is Carrick Capital Partners’ 3rd and Escalate Capital’s 26th transaction in the United States.
  • This is Carrick Capital Partners’ 1st and Escalate Capital’s 2nd transaction in Illinois.

Investment Summary

Date 2014-05-20
Target Everspring
Sector Internet Software and Services
Investor(s) Carrick Capital Partners
Escalate Capital
Deal Type Venture

Target

Everspring

Chicago, Illinois, United States
Everspring is a provider of full-service, customized online-education solutions, and partners with major universities looking for innovative ways to move online in a rapidly changing higher education environment. Everspring was founded in 2011 and is based in Chicago, Illinois.

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Investor(S) 2

Investor

Carrick Capital Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Carrick Capital Partners is a private equity firm focused on 'tech-enabled' businesses (business process outsourcing, transaction processing, and software) where the firm can leverage its expertise in building value. Carrick typically makes direct investments in privately-held companies with proven potential for fast growth and/or profitability. Prospective companies generally have revenues of $20 to $100 million with gross margins in excess of 40%. Carrick Capital is based in San Francisco.


DEAL STATS #
Overall 3 of 24
Sector: Internet Software and Services M&A 1 of 5
Type: Venture M&A Deals 1 of 10
State: Illinois M&A 1 of 6
Country: United States M&A 3 of 24
Year: 2014 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-12 Accolade

Plymouth Meeting, Pennsylvania, United States

Accolade is a provider of employee benefit services that simplifies healthcare complexity for the employees of large employers. Each employee and their family get their own professional Accolade Health Assistant who knows them, knows their benefits, and helps them navigate the healthcare system. Accolade was founded in 2007 and is based in Plymouth Meeting, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-21 Procura Group

Westmont, Illinois, United States

Procura Group is a provider of enterprise software for long-term and post-acute care organizations. Procura Group was founded in 1989 and is based in Westmont, Illinois.

Buy -
Investor

Escalate Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 830M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Escalate Capital Partners is a private investment firm focused on providing capital to expansion and late-stage companies. The Firm focuses its investment activity within the technology, life sciences, and service-based industries. Prospective financing solutions include senior, subordinated and mezzanine debt. Escalate's target investment size is $5 to $30 million. Escalate Capital Partners has offices in Menlo Park, California and Austin, Texas.


DEAL STATS #
Overall 26 of 39
Sector: Internet Software and Services M&A 8 of 11
Type: Venture M&A Deals 15 of 17
State: Illinois M&A 2 of 2
Country: United States M&A 26 of 39
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 ClickSquared

Boston, Massachusetts, United States

ClickSquared is a provider of cross-channel marketing and email marketing services. With innovative offerings ranging from self-service email marketing to highly automated, real-time customer engagement and loyalty programs, ClickSquared’s innovative, multi-channel SaaS marketing platform orchestrates and delivers analytics-driven, relevant and personalized customer communications across email marketing, direct mail, social, mobile and web channels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-05 Predictive Index

Westwood, Massachusetts, United States

Predictive Index is a workforce assessment platform that offers a unique combination of behavior and skill assessments based on a proven methodology incorporating data, technology, knowledge, and business expertise. The company has over 8,000 active business clients across 142 countries who are using The Predictive Index to keep its workforce charged 24/7. Predictive Index was founded in 1955 and is based in Westwood, Massachusetts.

Buy -