Investment Summary

Bain Capital Tech Opportunities, HGGC and Serent Capital Invest In Buildertrend

On February 24, 2021, growth capital firm Bain Capital Tech Opportunities, private equity firm HGGC and growth capital firm Serent Capital invested in internet software and services company Buildertrend

Investment Highlights
  • This is Bain Capital Tech Opportunities’ 3rd, HGGC’s 7th and Serent Capital’s 8th transaction in the Internet Software and Services sector.
  • This is Bain Capital Tech Opportunities’ 3rd, HGGC’s 35th and Serent Capital’s 47th transaction in the United States.
  • This is Bain Capital Tech Opportunities’ 2nd, HGGC’s 1st and Serent Capital’s 1st transaction in Nebraska.

Investment Summary

Date 2021-02-24
Target Buildertrend
Sector Internet Software and Services
Investor(s) Bain Capital Tech Opportunities
HGGC
Serent Capital
Deal Type Growth Capital

Target

Buildertrend

Omaha, Nebraska, United States
Buildertrend is a provider of cloud-based construction management software for homebuilders, remodelers and specialty contractors. Buildertrend was founded in 2006 and is based in Omaha, Nebraska.

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Investor(S) 3

DESCRIPTION


DEAL STATS #
Overall 6 of 19
Sector (Internet Software and Services) 3 of 6
Type (Growth Capital) 4 of 11
State (Nebraska) 2 of 2
Country (United States) 3 of 11
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 HST Pathways

Nashville, Tennessee, United States

HST Pathways offers specialized software solutions to help ASC organizations achieve efficiencies with surgical scheduling, supply chain management, electronic health record clinical workflows, medical coding, insurance and patient billing, revenue cycle management, and accounts receivable collections. HST Pathways was founded in 2005 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Axtria

Berkeley Heights, New Jersey, United States

Axtria is a global provider of award-winning cloud software and data analytics to the Life Sciences industry. Axtria’s solutions are used to digitally transform the entire product commercialization process, drive sales growth, and improve healthcare outcomes for patients. Axtria was founded in 2010 and is based in Berkeley Heights, New Jersey.

Buy -
Investor

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.


DEAL STATS #
Overall 40 of 46
Sector (Internet Software and Services) 7 of 9
Type (Growth Capital) 12 of 15
State (Nebraska) 1 of 1
Country (United States) 35 of 40
Year (2021) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Marmic

Joplin, Missouri, United States

Marmic is a full-service fire protection company providing inspection, maintenance, repair, and installation services to commercial customers throughout the United States. Marmic was formed in 1951 and is based in Joplin, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Dealer-FX

Markham, Ontario, Canada

Dealer-FX Group, Inc. is a provider of customer experience and process automation software for auto dealership service departments. Dealer-FX specializes in software as a service (SaaS) management systems, communications platforms, and extensive data integrations, and offers a digitized solution that increases dealership productivity and enhances the vehicle owners’ service experience. Dealer-FX was founded in 2007 and is based in Markham, Ontario.

Sell $200M
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 51 of 69
Sector (Internet Software and Services) 8 of 13
Type (Growth Capital) 43 of 59
State (Nebraska) 1 of 1
Country (United States) 47 of 65
Year (2021) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 WorkWave

Holmdel, New Jersey, United States

WorkWave is a provider of an intuitive cloud-based field service management and fleet management solutions that help enterprising organizations with a mobile workforce transform their businesses. WorkWave was founded in 1984 and is based in Holmdel, New Jersey.

Buy -