M&A Deal Summary

K1 Investment Management Acquires Board Intelligence

On August 5, 2024, growth capital firm K1 Investment Management acquired internet software and services company Board Intelligence from Susquehanna Growth Equity

Acquisition Highlights
  • This is K1 Investment Management’s 16th transaction in the Internet Software and Services sector.
  • This is K1 Investment Management’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2024-08-05
Target Board Intelligence
Sector Internet Software and Services
Buyer(s) K1 Investment Management
Sellers(s) Susquehanna Growth Equity
Deal Type Secondary Buyout
Advisor(s) Fieldfisher
Cooley (Legal)

Target

Board Intelligence

London, United Kingdom
Board Intelligence is a provider of software and services to corporate boards. Board Intelligence was founded in 2010 and is based in London, United Kingdom.

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Buyer(S) 1

DESCRIPTION

K1 Investment Management, LLC is a West Coast US-based private equity firm investing in high-growth private companies across North America. The Firm has a special interest in enterprise software companies and looks to provide meaningful strategic and operational guidance when working with portfolio companies. K1 Investment Management was established in 2011 and is headquartered in El Segundo, California.


DEAL STATS #
Overall 49 of 50
Sector (Internet Software and Services) 16 of 17
Type (Secondary Buyout) 4 of 4
Country (United Kingdom) 3 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 GoCanvas

Reston, Virginia, United States

GoCanvas is a mobile platform that makes it simple for any business to automate how work is done, replacing outdated processes and expensive paperwork. The GoCanvas App works on all smartphones and tablets, helping companies easily collect information across their organization, share it instantly with others and gain real-time insights on their business operations. GoCanvas was founded in 2008 and is based in Reston, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 MariaDB

Redwood City, California, United States

MariaDB is a provider of database solutions. The Company's products include the MySQL and MariaDB databases in the enterprise and cloud. MariaDB is based in Redwood City, California.

Buy -

Seller(S) 1

SELLER

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $10 to $200 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 31 of 31
Sector (Internet Software and Services) 13 of 13
Type (Secondary Buyout) 8 of 8
Country (United Kingdom) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-12 Qualtrics

Provo, Utah, United States

Qualtrics is a software-as-a-service company that helps clients monitor and gather customer insights. Qualtrics has pioneered a new category of software that enables organizations to deliver the experiences that turn their customers into fanatics, employees into ambassadors, brands into religions, and products into obsessions. Qualtrics was founded in 2002 and is based in Provo, Utah.

Buy $12.5B