M&A Deal Summary

HgCapital Acquires Ncontracts

On September 4, 2024, private equity firm HgCapital acquired software company Ncontracts from Gryphon Investors

Acquisition Highlights
  • This is HgCapital’s 48th transaction in the Software sector.
  • This is HgCapital’s 20th transaction in the United States.
  • This is HgCapital’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2024-09-04
Target Ncontracts
Sector Software
Buyer(s) HgCapital
Sellers(s) Gryphon Investors
Deal Type Secondary Buyout

Target

Ncontracts

Brentwood, Tennessee, United States
Ncontracts provides risk, vendor, and compliance management software to a rapidly expanding customer base of more than 1,300 financial institutions located in all 50 states and U.S. territories. Ncontracts was founded in 2009 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 152 of 152
Sector (Software) 48 of 48
Type (Secondary Buyout) 50 of 50
State (Tennessee) 1 of 1
Country (United States) 20 of 20
Year (2024) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-02 CTAIMA

Tarragona, Spain

CTAIMA is a provider of software and specialized services for contractor management, health & safety, ESG, and compliance. CTAIMA orchestrates one of the largest global networks of contractors and suppliers, seamlessly connecting over 100 thousand contractors and subcontractors with over a thousand clients worldwide. CTAIMA was founded in 2003 and is based in Tarragona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 Dext Software

London, United Kingdom

Dext Software is a bookkeeping automation software company. Spanning data capture, automated classification, and reporting, Dext’s software helps accountants realize material efficiency savings from automating receipt capture/digitization and provides a “real-time” view of clients’ accounts. Dext Software was founded in 2010 and is based in London, United Kingdom.

Sell -

Seller(S) 1

SELLER

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $500 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1995 and is based in San Francisco, California.


DEAL STATS #
Overall 40 of 41
Sector (Software) 1 of 1
Type (Secondary Buyout) 15 of 16
State (Tennessee) 1 of 2
Country (United States) 40 of 41
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Hepaco

Charlotte, North Carolina, United States

Hepaco is a provider of emergency response, environmental remediation, maritime services, wastewater treatment, and other industrial services across a diversified group of end markets including rail, oil & gas, transportation, power & utility, and manufacturing. Hepaco was founded in 1984 and is based in Charlotte, North Carolina.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 RapidAir

Auburndale, Wisconsin, United States

RapidAir is a manufacturer and distributor of compressed air piping systems, components, kits, replacement parts, and other accessories. RapidAir sells its compressed air piping systems under three different brands and also provides filter regulators, moisture drains, couplers, fittings, hose reels, and other air compressor accessories. RapidAir was established in 2003 and is based in Auburndale, Wisconsin.

Buy -