1. Home >
  2. M&A >
  3. Secondary Buyout >
  4. United States >
  5. Louisiana >
  6. GrowthCurve Capital Acquires Netchex

M&A Deal Summary

GrowthCurve Capital Acquires Netchex

On June 7, 2023, private equity firm GrowthCurve Capital acquired software company Netchex from Primus Capital and First Analysis

Acquisition Highlights
  • This is GrowthCurve Capital’s 1st transaction in the Software sector.
  • This is GrowthCurve Capital’s 3rd transaction in the United States.
  • This is GrowthCurve Capital’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2023-06-07
Target Netchex
Sector Software
Buyer(s) GrowthCurve Capital
Sellers(s) Primus Capital
First Analysis
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Goodwin Procter (Legal)

Target

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.

Search 205,905 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

GrowthCurve Capital

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
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 4 of 6
Sector (Software) 1 of 2
Type (Secondary Buyout) 1 of 3
State (Louisiana) 1 of 1
Country (United States) 3 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Brightway Insurance

Jacksonville, Florida, United States

Brightway Insurance is a privately owned property/casualty insurance distribution company in the U.S. with over 300 franchises in 32 states and over $980 million in annual premium. Brightway Insurance was founded in 2008 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 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.

Buy -

Seller(S) 2

SELLER

Primus Capital

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 41 of 46
Sector (Software) 8 of 9
Type (Secondary Buyout) 6 of 8
State (Louisiana) 1 of 1
Country (United States) 40 of 45
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 Ordergroove

Miami, Florida, United States

Ordergroove provides subscription enablement software and analytics for brands and retailers. The Company’s solutions allow customers to create, launch, promote, and optimize the consumer subscriber experience. Ordergroove was founded in 2010 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 ClearCompany

Boston, Massachusetts, United States

ClearCompany is a talent management software solution that helps companies identify, hire and engage more A Players. ClearCompany’s software enables thousands of clients to consistently improve their talent lifecycle by implementing and automating a best-practices approach to total talent management. ClearCompany was founded in 2004 and is based in Boston, Massachusetts.

Sell -
SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.

DEAL STATS #
Overall 70 of 72
Sector (Software) 11 of 12
Type (Secondary Buyout) 11 of 11
State (Louisiana) 1 of 1
Country (United States) 69 of 71
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Mediant

New York, New York, United States

Mediant is a provider of regulated shareholder communications services to banks, brokerage firms, corporate issuers, and investment companies. With services ranging from customized proxy services to distribution of prospectuses, regulatory reports, and Notice-and-Access communications, Mediant's pioneering use of technology has helped its clients save money, improve their relationships with shareholders and safeguard regulatory compliance. Mediant was founded in 2002 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Fleetworthy Solutions

Madison, Wisconsin, United States

Fleetworthy Solutions is a provider of outsourced compliance services to owners and operators of truck fleets that take them Beyond Compliant. Fleetworthy combines exceptional client service, advanced technologies and more than 30 years of transportation industry expertise to make sure that drivers and assets are fleet worthy. The company helps private fleets, for-hire carriers, and third-party logistics companies of all sizes surpass compliance of federal, state, and local regulations and streamline processes to reduce costs and mitigate risks. Fleetworthy Solutions was established in 1983 and is based in Madison, Wisconsin.

Sell -
Mergr

Product

Company

Legal