M&A Deal Summary

Iron Creek Partners and Main Street Capital Acquire MoneyThumb

On August 29, 2024, private equity firms Iron Creek Partners and Main Street Capital acquired software company MoneyThumb

Acquisition Highlights
  • This is Iron Creek Partners’ 5th and Main Street Capital’s 9th transaction in the Software sector.
  • This is Iron Creek Partners’ 11th and Main Street Capital’s 137th transaction in the United States.
  • This is Iron Creek Partners’ 1st and Main Street Capital’s 13th transaction in California.

M&A Deal Summary

Date 2024-08-29
Target MoneyThumb
Sector Software
Buyer(s) Iron Creek Partners
Main Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

MoneyThumb

Encinitas, California, United States
MoneyThumb is an advanced automation software solution to streamlines the lending underwriting process by converting bank statements instantly into actionable data. MoneyThumb is headquartered in Encinitas, California.

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Buyer(S) 2

Buyer

Iron Creek Partners

Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Iron Creek Partners is a private investment partnership focused on partnering with management teams to pursue divestitures, fundless sponsor acquisitions, and select public market investments. Iron Creek Partners was formed in 2009 and is headquartered in Santa Fe, New Mexico.


DEAL STATS #
Overall 11 of 11
Sector (Software) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (California) 1 of 1
Country (United States) 11 of 11
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Career Team

North Haven, Connecticut, United States

Career Team is a provider of workforce development services and learning and case management software solutions to regional workforce development boards, federally and state-funded work programs, and higher learning institutions across the country. Career Team was founded in 1996 and North Haven, Connecticut.

Buy $25M
Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 137 of 137
Sector (Software) 9 of 9
Type (Buyout (LBO, MBO, MBI)) 31 of 31
State (California) 13 of 13
Country (United States) 137 of 137
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 CHG

Shelton, Connecticut, United States

CHG delivers packaging products through two distinct brands. Classic Home & Garden brand designs, engineers manufactures, and distributes decorative planters, fountains and home décor items through partnerships with growers, garden shops and traditional/online retailers, and Jade Road brand designs, engineers and manufactures turnkey fragrance products in addition to custom packaging solutions for the global fragrance and beauty categories. CHG was founded in 1975 and is based in Shelton, Connecticut.

Sell -