Investment Summary

Mainsail Partners and Francisco Partners Invest In SourceScrub

On November 6, 2019, growth capital firm Mainsail Partners and private equity firm Francisco Partners invested in information services company SourceScrub

Investment Highlights
  • This is Mainsail Partners’ 1st and Francisco Partners’ 1st transaction in the Information Services sector.
  • This is Mainsail Partners’ 27th and Francisco Partners’ 91st transaction in the United States.
  • This is Mainsail Partners’ 9th and Francisco Partners’ 26th transaction in California.

Investment Summary

Date 2019-11-06
Target SourceScrub
Sector Information Services
Investor(s) Mainsail Partners
Francisco Partners
Deal Type Growth Capital

Target

SourceScrub

San Francisco, California, United States
SourceScrub offers an information services software platform to the financial services industry. The company streamlines research and business development processes by aggregating information from thousands of sources like tradeshows, conferences, award publications, and buyers’ guides. SourceScrub was founded in 2015 and is based in San Francisco, California.

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Investor(S) 2

Investor

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco.


DEAL STATS #
Overall 27 of 44
Sector (Information Services) 1 of 1
Type (Growth Capital) 21 of 37
State (California) 9 of 9
Country (United States) 27 of 43
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 The Bar Method

San Francisco, United States

The Bar Method is a popular, low-impact fitness franchise with 123 studios across 30 states and Canada. The Bar Method was developed by founder Burr Leonard and its flagship studio opened in San Francisco in 2001.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Ncontracts

Brentwood, Tennessee, United States

Ncontracts provides risk, vendor, and compliance management software to a rapidly expanding customer base of more than 1,300 financial institutions located in all 50 states and U.S. territories. Ncontracts was founded in 2009 and is based in Brentwood, Tennessee.

Sell -
Investor

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 109 of 156
Sector (Information Services) 1 of 3
Type (Growth Capital) 24 of 37
State (California) 26 of 37
Country (United States) 91 of 131
Year (2019) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 ShoreGroup

New York, New York, United States

ShoreGroup, Inc. is an IT lifecycle services and solutions company that simplifies technology challenges for businesses. ShoreGroup empowers organizations to reach their full potential by assessing and understanding a business’s needs and then offering IT solutions right-sized for each individual and wholly unique organization. ShoreGroup was formed in 1999 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 LogMeIn

Boston, Massachusetts, United States

LogMeIn, Inc. is a developer and marketer of innovative remote control, productivity, management and security products that serve mobile professionals and system administrators. Its brands include LogMeIn, an on-demand access service, and the RemotelyAnywhere line of software. LogMeIn was established in 2003 and is based in Boston, Massachusetts.

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