M&A Deal Summary

K1 Investment Management Acquires Employ

On February 11, 2019, growth capital firm K1 Investment Management acquired software company Employ

Acquisition Highlights
  • This is K1 Investment Management’s 10th transaction in the Software sector.
  • This is K1 Investment Management’s 18th transaction in the United States.
  • This is K1 Investment Management’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2019-02-11
Target Employ
Sector Software
Buyer(s) K1 Investment Management
Deal Type Consolidation

Target

Employ

Waltham, Massachusetts, United States
Employ empowers organizations of all sizes to overcome their greatest recruiting and talent acquisition challenges. Offering a combination of purpose-built, intelligent technologies, services, and industry expertise, Employ provides SMB to global enterprises with a single solution for recruiting and growing a diverse workforce. Employ is based in Waltham, Massachusetts.

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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 20 of 51
Sector: Software M&A 10 of 25
Type: Consolidation M&A Deals 1 of 2
State: Massachusetts M&A 1 of 3
Country: United States M&A 18 of 35
Year: 2019 M&A 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Onit

Houston, Texas, United States

Onit is a provider of enterprise workflow solutions including enterprise legal management, contract management, and business process automation. With a focus on enterprise legal management, matter management, spend management, contract management, and legal holds, we operate globally and help transform the way Fortune 500 companies and billion dollar legal departments bridge the gap between systems of record and systems of engagement. Onit was founded in 2010 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 Lumistry

Austin, Texas, United States

Lumistry offers its customers an innovative software platform that enhances patient engagement, increases medication adherence, and streamlines pharmacies' workflows and operations. Lumistry is based in Austin, Texas.

Buy -