Investment Summary

JMI Equity and Cove Hill Partners Invest In Incident IQ

On August 26, 2021, private equity firms JMI Equity and Cove Hill Partners invested in education company Incident IQ

Investment Highlights
  • This is JMI Equity’s 3rd and Cove Hill Partners’ 1st transaction in the Education sector.
  • This is JMI Equity’s 103rd and Cove Hill Partners’ 7th transaction in the United States.
  • This is JMI Equity’s 4th and Cove Hill Partners’ 1st transaction in Georgia.

Investment Summary

Date 2021-08-26
Target Incident IQ
Sector Education
Investor(s) JMI Equity
Cove Hill Partners
Deal Type Growth Capital

Target

Incident IQ

Atlanta, Georgia, United States
Incident IQ is a service management platform built exclusively for K-12 schools, featuring asset management, help ticketing, facilities maintenance solutions, and more. Since that time has been rapidly adopted by K-12 school districts across the U.S. Today, millions of students and teachers in districts across 48 states rely on the Incident IQ platform to manage and deliver mission-critical services. Incident IQ is based in Atlanta, Georgia.

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Investor(S) 2

Investor

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 118 of 127
Sector (Education) 3 of 3
Type (Growth Capital) 44 of 50
State (Georgia) 4 of 5
Country (United States) 103 of 111
Year (2021) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Condeco Software

London, United Kingdom

Condeco Software is a provider of integrated hardware and software solutions which are designed to give companies all the tools they need to make the most of their workplaces, will now offer a combined platform which simplifies the process of video collaboration. Condeco Software was founded in 2005 and is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 SafetyChain

Novato, California, United States

SafetyChain is a plant management platform that improves yield, maximizes productivity, and ensures compliance for process manufacturers. The company is an enterprise solution uniting production, quality, safety, and supplier management. SafetyChain was formed in 2011 and is based in Novato, California.

Buy -
Investor

Cove Hill Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cove Hill Partners is a private equity firm focused on control (or influential minority) investments in consumer technology companies. The Firm looks to make 1 to 2 platform acquisitions per year and will consider opportunities throughout North America valued up to $800 million. Prospective companies generally exhibit strong management, high barriers to entry, attractive business models, and competitive market positions. Cove Hill Partners was formed in 2017 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 11
Sector (Education) 1 of 1
Type (Growth Capital) 3 of 6
State (Georgia) 1 of 2
Country (United States) 7 of 10
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 LiveAuctioneers

New York, New York, United States

LiveAuctioneers is a provider of online live-auction sources for fine and decorative art, antiques, jewelry, and vintage collectible. LiveAuctioneers digitally connects an audience of millions with the live-bidding action at more than 5,000 premier auction houses and galleries in 59 countries, providing an expertly curated, globally trusted marketplace of exceptional items. LiveAuctioneers was founded in 2002 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Fast Growing Trees

Fort Mill, South Carolina, United States

Fast Growing Trees is an operator of trees and shrubs and offers consumers a broad variety of high-quality trees and shrubs through its websites fast-growing-trees.com and brighterblooms.com. Fast Growing Trees was founded in 2006 and is based in Fort Mill, South Carolina.

Buy -