M&A Deal Summary

Nexa Equity Acquires Choice

On April 26, 2022, private equity firm Nexa Equity acquired information technology company Choice

Acquisition Highlights
  • This is Nexa Equity’s 1st transaction in the Information Technology sector.
  • This is Nexa Equity’s 4th transaction in the United States.
  • This is Nexa Equity’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-04-26
Target Choice
Sector Information Technology
Buyer(s) Nexa Equity
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) MAPP Advisors LLC (Financial)

Target

Choice

Hartford, Connecticut, United States
Choice is a fast-growing payments and technology fintech that offers merchants a robust, omnichannel commerce experience. The company's proprietary technology platform integrates seamlessly into software vendor technology stacks, enabling embedded payment monetization along with fraud management tools, analytics, and comprehensive reporting for ISVs and their merchants. Choice was founded in 2008 and is based in Hartford, Connecticut.

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Buyer(S) 1

Buyer

Nexa Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2021
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Nexa Equity is a private equity firm focused on acquiring and investing Founder-owned software and financial technology companies. The Firm prefers companies with significant growth prospects, recurring revenue, and strong product/market fit already in place. Nexa Equity was established in 2021 and is headquartered in San Francisco, California.

DEAL STATS #
Overall 4 of 6
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 4 of 6
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-19 HomeTown Ticketing

Dublin, Ohio, United States

HomeTown Ticketing is a digital ticketing provider in both K–12 and collegiate spaces, serving schools, districts, conferences, and associations. HomeTown's in-house developed, proprietary ticketing platform is tailored specifically to the needs of schools and governing bodies. HomeTown Ticketing was founded in 2016 and is based in Dublin, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Storewise

Overland Park, Kansas, United States

Storewise is a provider of retailer automation software for independent grocers. The company exists to help independent grocers operate more efficiently and compete against big-box retailers by providing them with an easy-to-use software platform that increases profit, automates manual tasks, and reduces errors. Storewise is based in Overland Park, Kansas.

Buy -
Mergr

Product

Company

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