Investment Summary

ICONIQ Capital, Serent Capital and KKR Invest In Restaurant365

On June 27, 2019, growth capital firm ICONIQ Capital, growth capital firm Serent Capital and private equity firm KKR invested in software company Restaurant365

Investment Highlights
  • This is ICONIQ Capital’s 8th, Serent Capital’s 17th and KKR’s 15th transaction in the Software sector.
  • This is ICONIQ Capital’s 38th, Serent Capital’s 39th and KKR’s 137th transaction in the United States.
  • This is ICONIQ Capital’s 20th, Serent Capital’s 5th and KKR’s 31st transaction in California.

Investment Summary

Date 2019-06-27
Target Restaurant365
Sector Software
Investor(s) ICONIQ Capital
Serent Capital
KKR
Deal Type Growth Capital

Target

Restaurant365

Irvine, California, United States
Restaurant365 is a restaurant management platform that provides accounting, inventory, scheduling, payroll, and HR solution developed specifically for restaurants. The R365 platform simplifies day-to-day management for restaurant operators, allowing them to control food costs and optimize labor costs. Integrations and open APIs enable Restaurant365 to connect with other systems including POS providers, vendors, and banks. Restaurant365 was founded in 2011 and is based in Irvine, California.

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Investor(S) 3

Investor

ICONIQ Capital


Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION


DEAL STATS #
Overall 41 of 91
Sector (Software) 8 of 31
Type (Growth Capital) 15 of 17
State (California) 20 of 41
Country (United States) 38 of 80
Year (2019) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 BetterUp

San Francisco, California, United States

BetterUp is a development platform bringing personalized coaching to employees at all levels. BetterUp was founded in 2013 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-13 Guild Education

Denver, Colorado, United States

Guild Education partners with Fortune 1000 companies and non-profit universities to offer education benefits to their employees, with a focus on frontline workers. Guild Education was formed in 2015 and is based in Denver, Colorado.

Buy -
Investor

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 40 of 69
Sector (Software) 17 of 31
Type (Growth Capital) 34 of 59
State (California) 5 of 11
Country (United States) 39 of 65
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-06 Payliance

Columbus, Ohio, United States

Payliance is a provider of payments processing, payment recovery, and risk management solutions serving lenders and retail businesses. Payliance provides a complete suite of solutions for payments processing, payments recovery and risk management designed to solve payment acceptance challenges so that enterprises remain competitive and profitable. Payliance provides payment processing solutions for ACH, eCheck, RCC, and debit and credit card processing. Payliance was founded in 2007 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 Davisware

West Dundee, Illinois, United States

Davisware is a provider of ERP software for field services businesses, contractors and OEMs across a variety of end markets including food equipment service, petroleum contracting, commercial HVAC, and other specialty trades. Davisware was founded in 1988 and is based in West Dundee, Illinois.

Buy -
Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 310 of 483
Sector (Software) 15 of 23
Type (Growth Capital) 54 of 78
State (California) 31 of 46
Country (United States) 137 of 210
Year (2019) 15 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 123Dentist

Burnaby, British Columbia, Canada

123Dentist is a dental support organization with practices across the country. It aligns with the individual needs of each dentist partner to deliver on its core promises of practice-by-practice flexibility and long-term partnership solutions that reflect the unique needs of each dentist partner. 123Dentist was established in 2011 and is based in Burnaby, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 ClickTale

Ramat-Gan, Israel

ClickTale Ltd. is a provider of customer experience analytics solutions. Clicktale marries cognitive computing, machine learning and psychological research to automatically surface issues and answer questions that keep executives up at night. ClickTale Ltd. was formed in 2006 and is based in Ramat-Gan, Israel.

Sell -