Investment Summary

Bregal Sagemount and Genstar Capital Invest In Procure Analytics

On June 4, 2019, growth capital firm Bregal Sagemount and private equity firm Genstar Capital invested in software company Procure Analytics

Investment Highlights
  • This is Bregal Sagemount’s 9th and Genstar Capital’s 11th transaction in the Software sector.
  • This is Bregal Sagemount’s 32nd and Genstar Capital’s 75th transaction in the United States.
  • This is Bregal Sagemount’s 1st and Genstar Capital’s 3rd transaction in Georgia.

Investment Summary
Date 2019-06-04
Target Procure Analytics
Sector Software
Investor(s) Bregal Sagemount
Genstar Capital
Deal Type Growth Capital
Advisor(s) Kirkland & Ellis (Legal)

Target

Procure Analytics

Atlanta, Georgia, United States
Procure Analytics is software-centric, data-forward group purchasing organization for MRO and Packaging, leveraging $1B+ in buying power to achieve savings for member companies. Procure Analytics was founded in 2009 and is based in Atlanta, Georgia.

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Investor(S) 2

Investor

Bregal Sagemount

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 34 of 65
Sector (Software) 9 of 17
Type (Growth Capital) 18 of 39
State (Georgia) 1 of 2
Country (United States) 32 of 61
Year (2019) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 IRTH Solutions

Columbus, Ohio, United States

IRTH Solutions is a provider of software and services to the underground utility damage prevention industry. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irth’s software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 Critical Start

Plano, Texas, United States

Critical Start is a cybersecurity integrator that simplifies breach prevention by delivering the most effective managed detection and incident response services powered by the Zero Trust Analytics Platform (ZTAP) with the industry’s only Trusted Behavior Registry (TBR) and MOBILESOC. With 24x7x365 expert security analysts, and Cyber Research Unit (CRU), the company monitors, investigates, and remediates alerts swiftly and effectively, via contractual Service Level Agreements (SLAs) for Time to Detection (TTD) and Median Time to Resolution (MTTR), and 100% transparency into service. Critical Start was formed in 2012 and is based in Plano, Texas.

Buy -
Investor

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 82 of 109
Sector (Software) 11 of 12
Type (Growth Capital) 6 of 8
State (Georgia) 3 of 3
Country (United States) 75 of 101
Year (2019) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Prometheus Group

Raleigh, North Carolina, United States

Prometheus Group is a global provider of comprehensive and intuitive enterprise asset management software solutions specializing in improving the efficiency and effectiveness of maintenance planning, scheduling, and execution. Developed jointly with end users, Prometheus software enhances the customer experience with intuitive functionality, graphical visualization, and simple processes, enabling the company’s customers to increase productivity, reduce costs and improve reporting. Prometheus Group is based in Raleigh, North Carolina.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-06 Advarra

Columbia, Maryland, United States

Advarra is a provider of IRB, IBC, and compliance consulting services in North America. Fully accredited by AAHRPP, the company serves pharmaceutical, biotechnology, and medical device research sponsors and contract research organizations (CROs), as well as academic medical centers, hospital systems, investigative site networks, and patient advocacy groups. Advarra was founded in 1983 and is based in Columbia, Maryland.

Buy -
Mergr

Product

Company

Legal