M&A Deal Summary

GrowthCurve Capital Acquires Duetto

On June 27, 2024, private equity firm GrowthCurve Capital acquired software company Duetto from Warburg Pincus

Acquisition Highlights
  • This is GrowthCurve Capital’s 2nd transaction in the Software sector.
  • This is GrowthCurve Capital’s 4th transaction in the United States.
  • This is GrowthCurve Capital’s 1st transaction in California.

M&A Deal Summary

Date 2024-06-27
Target Duetto
Sector Software
Buyer(s) GrowthCurve Capital
Sellers(s) Warburg Pincus
Deal Type Secondary Buyout
Advisor(s) Jefferies
William Blair (Financial)
Orrick (Legal)

Target

Duetto

San Francisco, California, United States
Duetto provides hotel professionals with cutting-edge solutions to optimize demand, maximize rate, and minimize cost. Duetto delivers software-as-a-service to hotels and casinos that leverage dynamic data sources and actionable insights into pricing and demand across the enterprise, enabling a holistic and more profitable Revenue Strategy. Duetto was founded in 2012 and is based in San Francisco, California.

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Buyer(S) 1

DESCRIPTION

GrowthCurve Capital is a private equity firm that looks to leverage data and better human capital to grow companies. GrowthCurve will consider opportunities throughout the US that operate in the financial services, information services, healthcare, and technology sectors. GrowthCurve Capital was formed in 2020 and is headquartered in New York City.


DEAL STATS #
Overall 5 of 6
Sector (Software) 2 of 2
Type (Secondary Buyout) 2 of 3
State (California) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 Netchex

Covington, Louisiana, United States

Netchex is a web-based human capital management platform offering single sign-on, integrated solutions for the complete employee lifecycle. Netchex’s software features hiring, onboarding, payroll, human resources, time management, benefits, and reporting tools to control labor costs and enhance the employee experience. Netchex was founded in 2003 and is based in Covington, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 PureFacts Financial Solutions

Toronto, Ontario, Canada

PureFacts Financial Solutions is a provider of wealth management solutions for the financial services industry in Canada, USA, UK, and the Caribbean. PureFacts Financial Solutions is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 251 of 251
Sector (Software) 22 of 22
Type (Secondary Buyout) 42 of 42
State (California) 27 of 27
Country (United States) 137 of 137
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 Xuyen A

Ho Chi Minh, Vietnam

Xuyen A is a private hospital group operating four large-format general hospitals in Southern Vietnam, offering tertiary care across more than 20 specialties. Xuyen A is based in Ho Chi Minh, Vietnam.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 Matera

Sao Paulo, Brazil

Matera provides instant payments, QR code, and digital ledger technology. Matera was founded in 1987 and is based in Sao Paulo, Brazil.

Buy -