Investment Summary

GreyLion and Denali Growth Partners Invest In Slipstream IT

On January 1, 2022, growth capital firms GreyLion and Denali Growth Partners invested in information technology company Slipstream IT

Investment Highlights
  • This is GreyLion’s 1st and Denali Growth Partners’ 1st transaction in the Information Technology sector.
  • This is GreyLion’s 19th and Denali Growth Partners’ 1st transaction in the United States.
  • This is GreyLion’s 2nd and Denali Growth Partners’ 1st transaction in Pennsylvania.

Investment Summary

Date 2022-01-01
Target Slipstream IT
Sector Information Technology
Investor(s) GreyLion
Denali Growth Partners
Deal Type Growth Capital

Target

Slipstream IT

Blue Bell, Pennsylvania, United States
Slipstream IT provides outsourced technology services tailored to pharmaceutical and biopharmaceutical companies. Slipstream IT is based in Blue Bell, Pennsylvania.

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Investor(S) 2

Investor

GreyLion

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GreyLion is a private equity firm that primarily seeks lower middle-market investment opportunities throughout the US. Broad areas of interest include industrials, services, and consumer. The Firm looks to commit $25 to $100 million of equity in businesses valued up to $250 million. Prospective transaction situations include buyouts, recapitalizations, divestitures, and growth capital financings. GreyLion was formed in 2012 and is headquartered in New York, New York.


DEAL STATS #
Overall 19 of 23
Sector: Information Technology M&A 1 of 1
Type: Growth Capital M&A Deals 11 of 14
State: Pennsylvania M&A 2 of 2
Country: United States M&A 19 of 21
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Swyft Filings

Houston, Texas, United States

Swyft Filings is an end-to-end platform for small and medium sized businesses seeking incorporation, filing, compliance, and other ancillary legal services. Swyft Filings was founded in 2015 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Webconnex

Sacramento, California, United States

Webconnex is a tech company that makes powerful software for events and fundraising. The Webconnex product suite includes TicketSpice, RegFox, GivingFuel and RedPodium which collectively are used to process nearly $1 billion in annual payments for event creators and non-profits globally. Webconnex was founded in 2008 and is based in Sacramento, California.

Buy -
DESCRIPTION

Denali Growth Partners is a growth capital investment firm focused on investing in capital-efficient businesses in the healthcare and technology sectors. Denali Growth Partners is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1