Investment Summary

Five Elms Capital and JMI Equity Invest In OnBoard

On September 17, 2018, growth capital firm Five Elms Capital and private equity firm JMI Equity invested in software company OnBoard

Investment Highlights
  • This is Five Elms Capital’s 3rd and JMI Equity’s 43rd transaction in the Software sector.
  • This is Five Elms Capital’s 15th and JMI Equity’s 84th transaction in the United States.
  • This is Five Elms Capital’s 1st and JMI Equity’s 3rd transaction in Indiana.

Investment Summary
Date 2018-09-17
Target OnBoard
Sector Software
Investor(s) Five Elms Capital
JMI Equity
Deal Type Growth Capital

Target

OnBoard

Indianapolis, Indiana, United States
OnBoard makes informed, effective, and uncomplicated meetings that give boards and leadership teams an elegant solution to simplify governance. Today, OnBoard serves as the board intelligence platform for more than 2,600 organizations and their 12,000 boards and committees in 32 countries worldwide. With customers in higher education, nonprofit, health care systems, government, and corporate enterprise business, OnBoard is the leading board management provider. OnBoard was founded in 2002 and is based in Indianapolis, Indiana.

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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 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Elms Capital is a private investment firm focused on investing $5 to $75 million in bootstrapped business services companies with $2 to $20 million in rev enue. The Firm will consider providing growth capital or to support shareholder liquidity needs. Five Elms Capital was formed in 2006 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 16 of 31
Sector (Software) 3 of 9
Type (Growth Capital) 7 of 11
State (Indiana) 1 of 1
Country (United States) 15 of 25
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Service Fusion

Irving, Texas, United States

Service Fusion is a provider of field management solutions for home service providers that combine lightning-fast work order entry, intelligent scheduling and dispatching, instant invoicing, integrated payments, and advanced reporting with real-time communication via field worker and customer mobile applications. FSM Technologies was founded in 2014 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Hubb

Vancouver, Washington, United States

Hubb is a cloud-based software platform uses simple, automated workflows to streamline collecting, managing, and marketing event content, as well as facilitating sales pipeline growth with meetings management and data analytics. Hubb was founded in 2015 and is based in Vancouver, Washington.

Buy -
Investor

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 97 of 127
Sector (Software) 43 of 58
Type (Growth Capital) 28 of 50
State (Indiana) 3 of 5
Country (United States) 84 of 111
Year (2018) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Cosential

Austin, Texas, United States

Cosential, Inc. is a provider of CRM and proposal automation software for Architecture, Engineering, and Construction (AEC) firms. Cosential’s cloud-based software platform creates a single system of record, purpose-built for the unique project-based needs of AEC marketing and business development teams.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-14 Catapult Learning

Philadelphia, Pennsylvania, United States

Catapult Learning is an outsourced K-12 educational services platform in the U.S. The Company serves more than 300,000 K-12 students across 300+ districts, including 16 of the 20 largest districts, in 38 states and the District of Columbia. Catapult Learning was founded in 1976 and is based in Philadelphia, Pennsylvania.

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