Investment Summary

H.I.G. Private Equity Invests In Accounting Seed

On May 26, 2021, private equity firm H.I.G. Private Equity invested in software company Accounting Seed

Investment Highlights
  • This is H.I.G. Private Equity’s 9th transaction in the Software sector.
  • This is H.I.G. Private Equity’s 192nd transaction in the United States.
  • This is H.I.G. Private Equity’s 3rd transaction in Maryland.

Investment Summary
Date 2021-05-26
Target Accounting Seed
Sector Software
Investor(s) H.I.G. Private Equity
Deal Type Growth Capital
Advisor(s) Piper Sandler & Co. (Financial)
Cooley (Legal)

Target

Accounting Seed

Columbia, Maryland, United States
Accounting Seed is a rapidly growing cloud-based accounting and financial management software platform. Accounting Seed offers a robust and scalable enterprise-grade technology stack and enables its customers to fully pilot their organizations with one system of record and unified workflow from the sales lead through to the general ledger. Accounting Seed was founded in 2008 and is based in Columbia, Maryland.

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Investor(S) 1

Investor

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 291 of 370
Sector (Software) 9 of 12
Type (Growth Capital) 55 of 67
State (Maryland) 3 of 6
Country (United States) 192 of 246
Year (2021) 18 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 CORA Physical Therapy

Lima, Ohio, United States

CORA Physical Therapy is an outpatient rehabilitation company that uses proven clinical practices and cost-effective treatment protocols to return patients to their jobs and lifestyles as soon as possible. CORA clinics offer a complete range of treatment, including outpatient physical therapy and general rehabilitation, worker’s compensation therapy, sports and auto injury rehabilitation, and rehabilitation for seniors. CORA Physical Therapy was founded in 1997 and is based in Lima, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 Cleo

Rockford, Illinois, United States

Cleo is an ecosystem integration software company whose solutions simplify the movement and integration of critical B2B enterprise data, thereby enabling business agility and business flow visibility. The Cleo Integration Cloud (CIC) is a cloud-based platform that brings end-to-end integration visibility across API, EDI, and non-EDI integrations and gives technical and business users the confidence and capability to rapidly onboard trading partners, enable integration between applications, and accelerate revenue-generating business processes. Cleo was founded in 1976 and is based in Rockford, Illinois.

Buy -
Mergr

Product

Company

Legal