Investment Summary

Morgan Stanley Expansion Capital and Kayne Anderson Capital Advisors Invest In Elevate Services

On April 18, 2018, growth capital firm Morgan Stanley Expansion Capital and asset manager Kayne Anderson Capital Advisors invested in information technology company Elevate Services

Investment Highlights
  • This is Morgan Stanley Expansion Capital’s 5th and Kayne Anderson Capital Advisors’ 7th transaction in the Information Technology sector.
  • This is Morgan Stanley Expansion Capital’s 21st and Kayne Anderson Capital Advisors’ 139th transaction in the United States.
  • This is Morgan Stanley Expansion Capital’s 9th and Kayne Anderson Capital Advisors’ 11th transaction in California.

Investment Summary
Date 2018-04-18
Target Elevate Services
Sector Information Technology
Investor(s) Morgan Stanley Expansion Capital
Kayne Anderson Capital Advisors
Deal Type Growth Capital

Target

Elevate Services

Los Angeles, California, United States
Elevate Services is a global law company, providing consulting, technology and services to law departments and law firms. The company's team of lawyers, engineers, consultants and business experts extend and enable the resources and capabilities of customers worldwide. Elevate is the most-used law company according to the 2017 state of the industry survey published by the corporate legal operations consortium (CLOC) and has been ranked as a top global law company by chambers & partners for the past four years in a row. Elevate Services was founded in 2011 and is based in Los Angeles, California.

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Investor(S) 2

Investor

Morgan Stanley Expansion Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Expansion Capital is a division of Morgan Stanley that looks to make growth equity and credit investments in expanding companies operating in the healthcare, digital media, e-commerce, consumer and business services sectors. The unit will consider opportunities throughout North America and Western Europe and primarily targets companies with established products/services looking to scale. Morgan Stanley Expansion Capital is headquartered in New York City.

DEAL STATS #
Overall 24 of 48
Sector (Information Technology) 5 of 9
Type (Growth Capital) 11 of 21
State (California) 9 of 18
Country (United States) 21 of 40
Year (2018) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-17 VizExplorer

Las Vegas, Nevada, United States

VizExplorer is applying data design and visualization principles to big data problems. Via its proprietary visualization technology, the company offers operational intelligence solutions to enterprise customers within the regulated, land-based gaming and entertainment verticals to provide gaming floor optimization, visitor behavior analytics and customer marketing. VizExplorer was founded in 2007 and is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Orgvue

London, United Kingdom

Orgvue is a provider of Software as a Service data solutions used to visualize, model and track business operations. Orgvue was founded in 2005 and is based in London, United Kingdom.

Buy -
Investor

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.

DEAL STATS #
Overall 151 of 177
Sector (Information Technology) 7 of 10
Type (Growth Capital) 37 of 51
State (California) 11 of 15
Country (United States) 139 of 160
Year (2018) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 myKaarma

Long Beach, California, United States

myKaarma is a rapidly growing, end-to-end SaaS platform for franchise automotive dealership service lanes. myKaarma’s unified solution includes an integrated suite of scheduling, interaction, communication, and payment tools that encompass the entire repair process, thereby driving efficiencies for dealer service lanes as well as improved experiences for vehicle owners. myKaarma was founded in 2012 and is based in Long Beach California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 Intermedix

Fort Lauderdale, Florida, United States

Intermedix is a provider of healthcare information technology based business services to emergency providers. Intermedix was founded in 1983 and is based in Fort Lauderdale, Florida.

Sell -
Mergr

Product

Company

Legal