M&A Deal Summary

K1 Investment Management Acquires Trackforce Valiant

On September 3, 2019, growth capital firm K1 Investment Management acquired software company Trackforce Valiant from Five Elms Capital

Acquisition Highlights
  • This is K1 Investment Management’s 13th transaction in the Software sector.
  • This is K1 Investment Management’s 21st transaction in the United States.
  • This is K1 Investment Management’s 6th transaction in California.

M&A Deal Summary
Date 2019-09-03
Target Trackforce Valiant
Sector Software
Buyer(s) K1 Investment Management
Sellers(s) Five Elms Capital
Deal Type Secondary Buyout

Target

Trackforce Valiant

San Diego, California, United States
Trackforce Valiant is an operator of physical security software and technology solutions company dedicated to the development of cloud and mobile-based security management software systems. Trackforce proudly offers the most effective solutions available on the market. Trackforce Valiant has over 1,000 customers including the world's leading security guard service providers, major airports, universities, and corporations across the globe. Trackforce Valiant was founded in 2000 and is based in San Diego, California.

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Buyer(S) 1

Buyer

K1 Investment Management

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2011
Size Small
Type Sector Focused
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 23 of 50
Sector (Software) 13 of 25
Type (Secondary Buyout) 2 of 4
State (California) 6 of 9
Country (United States) 21 of 35
Year (2019) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Litera Microsystems

Chicago, Illinois, United States

Litera Microsystems is a provider of a document technology solutions to the legal and life sciences communities. The Company focus is on helping organizations spend more time creating the highest quality documents and less time fixing them. Litera Microsystems was founded in 2001 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 AppLearn

Manchester, United Kingdom

AppLearn is a system integrator, implementing HR systems for world-leading organizations. AppLearn created ADOPT a purpose-built Digital Adoption Platform (DAP) designed to support complex, large-scale change such as HCM, CRM, and ERP transformation projects. AppLearn was founded in 2011 and is based in Manchester, United Kingdom.

Buy -

Seller(S) 1

SELLER

Five Elms Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2006
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Elms Capital is a private investment firm focused on investing $5 to $75 million in bootstrapped business services companies with $2 to $20 million in rev enue. The Firm will consider providing growth capital or to support shareholder liquidity needs. Five Elms Capital was formed in 2006 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 7 of 17
Sector (Software) 1 of 4
Type (Secondary Buyout) 1 of 2
State (California) 2 of 2
Country (United States) 6 of 14
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Livewell Financial

Richmond, Virginia, United States

Livewell Financial, Inc. is a reverse mortgage lender focused on helping senior homeowners unlock equity in their homes. Livewell Financial was founded in 2005 and is based in Richmond, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-11 FMX

Columbus, Ohio, United States

Facilities Management Express provides a cloud-based facilities and maintenance management platform that enables organizations to streamline processes, increase asset productivity, and turn actionable insights into meaningful results. With FMX, organizations can more effectively manage work orders, plan preventive maintenance, manage assets and inventory usage, track staff and equipment performance, and more, all in a single, easy-to-use solution. Facilities Management Express was founded in 2012 and is based in Columbus, Ohio.

Buy -
Mergr

Product

Company

Legal