Investment Summary

Achieve Partners and Avante Capital Partners Invest In RiseNow

On October 23, 2024, private equity firm Achieve Partners and mezzanine finance firm Avante Capital Partners invested in business services company RiseNow

Investment Highlights
  • This is Achieve Partners’ 2nd and Avante Capital Partners’ 4th transaction in the Business Services sector.
  • This is Achieve Partners’ 12th and Avante Capital Partners’ 31st transaction in the United States.
  • This is Achieve Partners’ 1st and Avante Capital Partners’ 1st transaction in Kansas.

Investment Summary

Date 2024-10-23
Target RiseNow
Sector Business Services
Investor(s) Achieve Partners
Avante Capital Partners
Deal Type Growth Capital
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
GreenbergTraurig (Legal)

Target

RiseNow

Leawood, Kansas, United States
RiseNow is a strategy design and execution firm that builds and powers ground-breaking procurement and supply chain practices. By focusing on talent and operating models that not only support but actively transform day-to-day work, RiseNow's system-agnostic design, build, and operate approach helps enterprise organizations and large healthcare systems integrate technology to enhance relationships and drive transformational change and outcomes. RiseNow was founded in 2010 and is based in Leawood, Kansas.

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Investor(S) 2

DESCRIPTION

Achieve Partners is a private equity firm focused on buyouts and growth capital investments in technology companies that serve the employment and education industries. The Firm looks for opportunities that can improve learning, engagement, and provide pathways for high earning jobs. Achieve Partners is headquartered in New York City.


DEAL STATS #
Overall 13 of 13
Sector (Business Services) 2 of 2
Type (Growth Capital) 4 of 4
State (Kansas) 1 of 1
Country (United States) 12 of 12
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-13 Metmox

Schaumburg, Illinois, United States

Metmox is a next-generation Managed Security and Network Solutions Provider delivering meaningful outcomes to secure customers through technology innovation and investing in talent, paired with an extreme focus on customer satisfaction. As the pace of change accelerates, its tools and expertise build custom-tailored methods to cyber-secure Metmox clients. Metmox was formed in 2003 and is based in Schaumburg, Illinois.

Sell -
Investor

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 31 of 32
Sector (Business Services) 4 of 5
Type (Growth Capital) 9 of 10
State (Kansas) 1 of 1
Country (United States) 31 of 32
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Electronic Source Company

Van Nuys, California, United States

Electronic Source Company is a specialty provider of an electronics components for product applications primarily in the Aerospace & Defense and Space end markets. Electronic Source Company was founded in 1994 and is based in Van Nuys, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-13 Reservoir Communications Group

Washington, District of Columbia, United States

Reservoir Communications Group is a healthcare consultancy that helps clients address their business, advocacy, and reputation challenges and opportunities. Reservoir Communications Group was founded in 2014 and is based in Washington, District of Columbia.

Buy -