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Investment Summary

Serent Capital Invests In Progress Learning

On March 16, 2018, growth capital firm Serent Capital invested in software company Progress Learning

Investment Highlights
  • This is Serent Capital’s 9th transaction in the Software sector.
  • This is Serent Capital’s 27th transaction in the United States.
  • This is Serent Capital’s 4th transaction in Georgia.

Investment Summary
Date 2018-03-16
Target Progress Learning
Sector Software
Investor(s) Serent Capital
Deal Type Growth Capital

Target

Progress Learning

Atlanta, Georgia, United States
Progress Learning is a provider of state-aligned curriculum content and assessment software to K-12 schools nationwide. Progress Learning has been helping students with high-stakes tests, offering review products for subject area end-of-grade, end-of-course, graduation level, career readiness, and college entrance assessments. With programs tailored to both individual state and/or Common Core standards, nearly 2 million students use the platform each year. Progress Learning was founded in 1998 and is based in Atlanta, Georgia.

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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 5.0B 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 27 of 77
Sector: Software M&A 9 of 34
Type: Growth Capital M&A Deals 23 of 63
State: Georgia M&A 4 of 4
Country: United States M&A 27 of 73
Year: 2018 M&A 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 Motility Software

Maitland, Florida, United States

Motility Software is a provider of Powersports, Bus, Marine, Automotive, Class 8/Heavy Duty, and RV dealership software. Sys2K's Infinity software is a fully integrated, Windows-based DMS that features modules including CRM, F&I, Parts and Service, Payroll, Accounting, Rental, Advanced Reporting, as well as offering Premium Websites, Cloud Hosting, and Mobile Apps. Motility Software was founded in 1984 and is based in Maitland, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 CoConstruct

Charlottesville, Virginia, United States

CoConstruct is a provider of cloud-based project management tools help independent builders and remodelers coordinate their projects, communicate better with clients & crews, and control the financials of their jobs. CoConstruct was founded in 2005 and is based in Charlottesville, Virginia.

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