Investment Summary

Five Elms Capital and Luminate Capital Partners Invest In Facilities Management Express

On October 11, 2019, growth capital firm Five Elms Capital and private equity firm Luminate Capital Partners invested in internet software and services company Facilities Management Express

Investment Highlights
  • This is Five Elms Capital’s 10th and Luminate Capital Partners’ 8th transaction in the Internet Software and Services sector.
  • This is Five Elms Capital’s 21st and Luminate Capital Partners’ 12th transaction in the United States.
  • This is Five Elms Capital’s 1st and Luminate Capital Partners’ 1st transaction in Ohio.

Investment Summary

Date 2019-10-11
Target Facilities Management Express
Sector Internet Software and Services
Investor(s) Five Elms Capital
Luminate Capital Partners
Deal Type Growth Capital

Target

Facilities Management Express

Columbus, Ohio, United States
Facilities Management Express provides a cloud-based facilities and maintenance management platform that enables organizations to streamline processes, increase asset productivity, and turn actionable insights into meaningful results. With FMX, organizations can more effectively manage work orders, plan preventive maintenance, manage assets and inventory usage, track staff and equipment performance, and more, all in a single, easy-to-use solution. Facilities Management Express was founded in 2012 and is based in Columbus, Ohio.

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Investor(S) 2

Investor

Five Elms Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Elms Capital is a private investment firm focused on investing in and partnering with founder-owned bootstrapped business services companies. The Firm will consider providing growth capital or to support shareholder liquidity needs. The Firm typically looks to invest $15 to $150 million of equity capital per transaction. Five Elms Capital was formed in 2006 and is based in Kansas City, Missouri.


DEAL STATS #
Overall 22 of 31
Sector: Internet Software and Services M&A 10 of 14
Type: Growth Capital M&A Deals 9 of 11
State: Ohio M&A 1 of 1
Country: United States M&A 21 of 25
Year: 2019 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 Trackforce Valiant

San Diego, California, United States

Trackforce Valiant is an operator of physical security software and technology solutions company dedicated to the development of cloud and mobile-based security management software systems. Trackforce proudly offers the most effective solutions available on the market. Trackforce Valiant has over 1,000 customers including the world's leading security guard service providers, major airports, universities, and corporations across the globe. Trackforce Valiant was founded in 2000 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Proxyclick

Brussels, Belgium

Proxyclick is a cloud-based visitor management platform engineered to connect people in the workplace without compromising the health, security, or compliance objectives of the enterprise. Proxyclick was founded in 2010 and is based in Brussels, Belgium.

Buy -
Investor
DESCRIPTION

Luminate Capital Partners is a private equity group focused on control investments in software and software-enabled businesses. The Firm targets growth-oriented companies 'at an inflection point' looking to take the business to the next level. Specific areas of interest include vertical applications, SaaS, back office and supply chain, marketing automation, e-commerce, data and analytics and software-enabled services. Laminate Capital was formed in 2015 and is based in San Francisco, California.


DEAL STATS #
Overall 13 of 18
Sector: Internet Software and Services M&A 8 of 11
Type: Growth Capital M&A Deals 10 of 11
State: Ohio M&A 1 of 1
Country: United States M&A 12 of 15
Year: 2019 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 MSI Data

Milwaukee, Wisconsin, United States

MSI Data is a provider of mobile and enterprise software solutions for workforce automation. MSI Data’s software provides easy to acquire and easy to deploy solutions for managing all aspects of enterprise wide service management, including call center, dispatch contracts management and spare parts inventory; scheduling optimization and routing; and true mobile applications for the workforce, including inspections, field service and field sales. MSI Data was founded in 2010 and is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Quantivate

Bothell, Washington, United States

Quantivate is a SaaS platform that helps financial institutions mitigate enterprise risk, maintain compliance with regulatory requirements, manage organizational policies and procedures, and make informed, risk-based decisions that align with business objectives. Quantivate offers a suite of eight SaaS modules that automate activities across different compliance, risk, and audit functions in a single integrated platform. Quantivate was founded in 2005 and is based in Bothell, Washington.

Buy -