Investment Summary

Serent Capital Invests In FranConnect

On December 17, 2014, growth capital firm Serent Capital invested in software company FranConnect

Investment Highlights
  • This is Serent Capital’s 1st transaction in the Software sector.
  • This is Serent Capital’s 13th transaction in the United States.
  • This is Serent Capital’s 2nd transaction in Virginia.

Investment Summary
Date 2014-12-17
Target FranConnect
Sector Software
Investor(s) Serent Capital
Deal Type Growth Capital

Target

FranConnect

Reston, Virginia, United States
FranConnect is a provider of SaaS-based franchise management systems. The company has served over 600 franchise customers and over 100,000 franchise locations. FranConnect's comprehensive software suite provides franchise organizations an end-to-end suite for growing their businesses. FranConnect was founded in 2000 and is based in Reston, Virginia.

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Investor(S) 1

Investor

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

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 13 of 68
Sector (Software) 1 of 31
Type (Growth Capital) 11 of 58
State (Virginia) 2 of 4
Country (United States) 13 of 64
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-23 Diamond Mind

Potomac, Maryland, United States

Diamond Mind, Inc. is a provider of payment solutions for independent K-12 schools serving 850+ schools for over a decade. Diamond Mind offers credit and debit card processing, eChecks, purchase cards and payment software. The company’s suite of solutions are specifically tailored to allow school business managers to consolidate, streamline and reconcile payments across campus to reduce costs, minimize risk and improve the payment experience for parents, often leading to increased parental participation. Diamond Mind’s full spectrum of cost effective campus-wide payment solutions address tuition, online giving and donations, events, summer programs, admissions, enrollment, bookstore, and purchase card programs.chools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 TalentWave

Denver, Colorado, United States

TalentWave is a provider of independent contractor compliance and contingent workforce management solutions. TalentWave helps companies to lower costs, gain greater visibility into contingent labor spending and productivity, while ensuring compliance with government regulations. TalentWave was founded in 1997 and is based in Denver, Colorado.

Buy -
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