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Investment Summary

Norland Exits Finova

On March 15, 2024, growth capital firm Bain Capital Tech Opportunities invested in software company Finova from Norland

Investment Highlights
  • This is Bain Capital Tech Opportunities’ 6th transaction in the Software sector.
  • This is Bain Capital Tech Opportunities’ 4th transaction in the United Kingdom.

Investment Summary
Date 2024-03-15
Target Finova
Sector Software
Investor(s) Bain Capital Tech Opportunities
Sellers(s) Norland
Deal Type Secondary Buyout
Advisor(s) Shoosmiths (Legal)

Target

Finova

London, United Kingdom
Finova provides a comprehensive suite of modular, SaaS-based open-architecture software to help lenders and brokers in the Mortgage, Lending, and Savings sectors. The software speeds up the application processes provide modern user interfaces and drive operational efficiencies throughout the lifetime of a financial product. Finova is based in London, United Kingdom.

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Investor(S) 1

Investor

Bain Capital Tech Opportunities

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2019
PE ASSETS 4.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bain Capital Tech Opportunities is the technology oriented investment arm of Bain Capital. The Group is dedicated to partnering with and building growth-focused technology companies across the US. Bain Capital Tech Opportunities is based in Boston, Massachusetts.

DEAL STATS #
Overall 20 of 21
Sector: Software M&A 6 of 6
Type: Secondary Buyout M&A Deals 3 of 3
Country: United Kingdom M&A 4 of 4
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Iress - Mortgage Sales and Originations Software Business

Cheltenham, United Kingdom

Iress's Mortgage Sales and Originations Software Business is a provider specialising in residential mortgage and buy-to-let origination software to banks and building societies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 BioCatch

Tel Aviv, Israel

BioCatch is a digital identity company that delivers behavioral biometrics analyzing human-device interactions to protect users and data. BioCatch was founded in 2011 and is based in Tel Aviv, Israel.

Sell -

Seller(S) 1

SELLER

Norland

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Focused
DESCRIPTION

Norland is a private equity firm focused on investing in tech companies. Norland looks to invest $20m to $150m of equity in minority or control transactions. Norland's core areas of expertise are tech product & engineering and Infrastructure & systems. Norland was founded in 2016 and is based in San Francisco, California.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-28 Permaconn

Rydalmere, Australia

Permaconn provides critical alarm comms for high-value industries including financial, retail, government, and educational institutions. Permaconn was founded in 1999 and is based in Rydalmere, Australia.

Sell -
Mergr

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Company

Legal