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Investment Summary

Frontier Growth Invests In Daxko

On July 1, 2008, growth capital firm Frontier Growth invested in internet software and services company Daxko

Investment Highlights
  • This is Frontier Growth’s 2nd transaction in the Internet Software and Services sector.
  • This is Frontier Growth’s 16th transaction in the United States.
  • This is Frontier Growth’s 2nd transaction in Alabama.
Investment Fate
  • Daxko was sold to a consortium of financial buyers in 2014.
  • Daxko was sold to a consortium of financial buyers in 2016.

Investment Summary
Date 2008-07-01
Target Daxko
Sector Internet Software and Services
Investor(s) Frontier Growth
Deal Type Growth Capital

Target

Daxko

Birmingham, Alabama, United States
Daxko provides SaaS solutions to organizations including YMCA/YWCAs, JCCs, health clubs, wellness centers and recreation facilities. The Company’s products help more than 1,200 organizations manage their scheduling and daily operations, member management and engagement, accounting, event registration, payment services, and mobile applications. Daxko was founded in 1998 and is based in Birmingham, Alabama.

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Investor(S) 1

Investor

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 16 of 59
Sector: Internet Software and Services M&A 2 of 7
Type: Growth Capital M&A Deals 4 of 39
State: Alabama M&A 2 of 2
Country: United States M&A 16 of 55
Year: 2008 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-18 Social Solutions

Austin, Texas, United States

Social Solutions is a provider of on-demand performance management software (SaaS) and solutions to the human services nonprofit sector with a focus on measuring efforts to outcome (ETO) to provide organizations with a clear picture of which efforts are having the greatest impact on the social issues they address. Social Solutions was founded in 2000 and is based in Austin, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-27 Business Intelligence Advisors

Boston, Massachusetts, United States

Business Intelligence Advisors, Inc. is a leader in providing research solutions through the application of behavioral analysis to enable investment and financial services firms to enhance their investment and underwriting decisions.

Buy -
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