Investment Summary

Napier Park Financial Partners and Mercato Partners Invest In Lendio

On March 24, 2015, private equity firm Napier Park Financial Partners and growth capital firm Mercato Partners invested in internet software and services company Lendio

Investment Highlights
  • This is Napier Park Financial Partners’ 2nd and Mercato Partners’ 3rd transaction in the Internet Software and Services sector.
  • This is Napier Park Financial Partners’ 1st and Mercato Partners’ 11th transaction in the United States.
  • This is Napier Park Financial Partners’ 1st and Mercato Partners’ 9th transaction in Utah.

Investment Summary
Date 2015-03-24
Target Lendio
Sector Internet Software and Services
Investor(s) Napier Park Financial Partners
Mercato Partners
Deal Type Venture

Target

Lendio

Lehi, Utah, United States
Lendio is a free online service that helps business owners find the right small business loans within minutes. Lendio was founded in 2011 and is based in Lehi, Utah.

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Investor(S) 2

Investor

Napier Park Financial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Napier Park Financial Partners (NPFP) is the private equity arm of asset manager Napier Park Global Capital. NPFP primarily looks to back high-growth financial services companies. Specific areas of interest include payments, banking and lending, insurance and benefits, asset and wealth management, and broader business services and outsourcing. Napier Park Financial Partners is based in New York City.

DEAL STATS #
Overall 2 of 7
Sector (Internet Software and Services) 2 of 6
Type (Venture) 2 of 6
State (Utah) 1 of 1
Country (United States) 1 of 4
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-24 Touch Bistro

Toronto, Ontario, Canada

Touch Bistro provides iPad restaurant point-of-sale technology for restaurants, cafes, bars, food trucks, and other food and drink venues. Touch Bistro is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 Nvoicepay

Beaverton, Oregon, United States

Nvoicepay, Inc. is a provider of payment automation software for the enterprise. Nvoicepay was founded in 2009 and is based in Beaverton, Oregon.

Buy -
Investor

Mercato Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Mercato Partners is a private equity firm focused on later stage growth capital financings. Mercato generally targets minority investments in high growth technology and consumer businesses with $5 to $50 million in annual sales. The Firm looks for profitable, US-based companies where additional capital can help continue expansion opportunities. Mercato Partners is based in Salt Lake City, Utah.

DEAL STATS #
Overall 12 of 29
Sector (Internet Software and Services) 3 of 7
Type (Venture) 4 of 16
State (Utah) 9 of 16
Country (United States) 11 of 28
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Goal Zero

Bluffdale, Utah, United States

Goal Zero Corp. is an innovator of portable solar power systems that power a variety of electronic devices anywhere and at anytime. Providing a perfect blend of portability, power, and ease-of-use, their products feature full solar energy systems – solar panels, power packs and accessories – each designed to work together.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-04 Sphero

Boulder, Colorado, United States

Sphero is a spherical robot. Sphero fuse robotic and digital technology into immersive entertainment experiences that ignite imagination and defy expectation. Sphero was founded in 2010 and is based in Boulder, Colorado.

Buy -
Mergr

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