Investment Summary

Intermediate Capital Group and Lead Edge Capital Invest In Workhuman

On June 23, 2020, mezzanine finance firm Intermediate Capital Group and growth capital firm Lead Edge Capital invested in staffing company Workhuman

Investment Highlights
  • This is Intermediate Capital Group’s 2nd and Lead Edge Capital’s 1st transaction in the Staffing sector.
  • This is Intermediate Capital Group’s 15th and Lead Edge Capital’s 19th transaction in the United States.
  • This is Intermediate Capital Group’s 2nd and Lead Edge Capital’s 3rd transaction in Massachusetts.

Investment Summary

Date 2020-06-23
Target Workhuman
Sector Staffing
Investor(s) Intermediate Capital Group
Lead Edge Capital
Deal Type Stake Purchase

Target

Workhuman

Framingham, Massachusetts, United States
Workhuman is an integrated social recognition and continuous performance management platform. With a consistent stream of gratitude fueling unparalleled, provocative workplace data and human insights, Workhuman Cloud is a critical software engine for global companies seeking to motivate and empower their people to do the best work of their lives. Workhuman was founded in 1999 and is based in Framingham, Massachusetts.

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Investor(S) 2

Investor

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 267 of 294
Sector: Staffing M&A 2 of 3
Type: Stake Purchase M&A Deals 12 of 12
State: Massachusetts M&A 2 of 2
Country: United States M&A 15 of 19
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-11 Hakim Group

Darwen, United Kingdom

Hakim Group specializes in independent optometry and audiology services and provides centralized support services to optometry practices, including training, IT, procurement, finance, technical, and HR solutions. Hakim Group was founded in 2001 and is based in Darwen, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 American Stock Transfer & Trust Co.

Brooklyn, New York, United States

American Stock Transfer & Trust Co. LLC (AST) is a full-service, tech-enabled professional services firm that helps companies and shareholders across North America maintain momentum through the use of secure corporate data, analytics, advisory services, and a strategic approach to every interaction. AST was established in 1971 and is based in Brooklyn, New York.

Sell $165M
Investor

Lead Edge Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $25 to $300 million. Lead Edge Capital was established in 2009 and is headquartered in New York, New York.


DEAL STATS #
Overall 24 of 54
Sector: Staffing M&A 1 of 2
Type: Stake Purchase M&A Deals 3 of 4
State: Massachusetts M&A 3 of 5
Country: United States M&A 19 of 44
Year: 2020 M&A 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 Copado

Chicago, Illinois, United States

Copado is a provider of DevOps platform for Salesforce. Copado was founded in 2013 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-23 Talkdesk

Palo Alto, California, United States

Talkdesk provides contact center software to companies across globe. The company helps businesses improve customer satisfaction while simultaneously reducing customer support costs. Talkdesk was founded in 2011 and is based in Palo Alto, California.

Buy -