Investment Summary

NexPhase Capital Invests In Selerix Systems

On August 25, 2021, private equity firm NexPhase Capital invested in software company Selerix Systems

Investment Highlights
  • This is NexPhase Capital’s 4th transaction in the Software sector.
  • This is NexPhase Capital’s 36th transaction in the United States.
  • This is NexPhase Capital’s 3rd transaction in Texas.

Investment Summary
Date 2021-08-25
Target Selerix Systems
Sector Software
Investor(s) NexPhase Capital
Deal Type Growth Capital
Advisor(s) First Analysis Corp. (Financial)
Haynes and Boone (Legal)

Target

Selerix Systems

McKinney, Texas, United States
Selerix Systems provides highly configurable software that facilitates benefits administration (Selerix BenSelect), employee engagement (Selerix Engage), and ACA reporting (Selerix ACA). With an active user base of over 8.3 million client employees, Selerix is trusted by more than 18,000 employer groups to manage the complexities of end-to-end benefits administration. Selerix's software is used by an expansive network of leading brokerage firms and insurance companies and is widely recognized for its scalability, flexibility, and integration capabilities that support the enrollment and administration of over $3 billion in voluntary benefits and over $11 billion in medical, dental and vision benefits annually. Selerix Systems was founded in 2002 and is based in McKinney, Texas.

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Investor(S) 1

Investor

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Moelis Capital Partners (MCP) is the private equity investment arm of investment bank Moelis & Company. MCP targets growth equity and control buyouts requiring equity investments of $25 to $75 million. Moelis has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. Moelis Capital Partners was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 37 of 42
Sector (Software) 4 of 5
Type (Growth Capital) 7 of 10
State (Texas) 3 of 3
Country (United States) 36 of 40
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Oliver Winery

Bloomington, Indiana, United States

Oliver Winery is a manufacturer of wines. Oliver Winery was founded in 1972 and is based in Bloomington, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Popcornopolis

Vernon, California, United States

Popcornopolis is a manufacturer of premium-quality, ready-to-eat popcorn. From the select popcorn kernels that are American-grown, non-GMO, and naturally gluten-free, to the real ingredients that create mouthwatering flavors, every team member at Popcornopolis pours their heart into creating high-quality snacks. The flavors range from famously indulgent Zebra, Unicorn, and Double Drizzle varieties to better-for-you favorites Nearly Naked and Kettle Corn. Popcornopolis products are available in Club, Food, Drug, Mass, Convenience, and Direct to Consumer channels. Popcornopolis was founded in 2003 and is based in Vernon, California.

Sell -
Mergr

Product

Company

Legal