Divestiture • Software

Pender Growth Fund Acquires CHL Software

On October 11, 2024, growth capital firm Pender Growth Fund acquired software company CHL Software from Pluribus Technologies

Acquisition Context
  • This is Pender Growth Fund’s 1st transaction in the Software sector.
  • This is Pender Growth Fund’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date October 11, 2024
Target CHL Software
Sector Software
Buyer(s) Pender Growth Fund
Sellers(s) Pluribus Technologies
Deal Type Divestiture

Target Company

CHL Software

Cheltenham, United Kingdom
CHL Software is a developer of DocMoto app, that offers document and email management systems for Mac and Windows. It represents a clear break with the old-style solutions introduced almost 2 decades ago on the first wave of the web revolution. CHL Software was founded in 1996 and is based in Cheltenham, England.
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Buyer Overview 1

DESCRIPTION

Pender Growth Fund is a publicly traded investment company focused on investing in emerging and growth-stage technology companies, primarily in the private markets. The Firm seeks to generate long-term capital appreciation by identifying undervalued businesses with strong potential and helping them scale. The fund takes a concentrated, active approach to its portfolio, with notable investments across software, healthcare, and digital infrastructure sectors. Pender Growth Fund is based in Vancouver, British Columbia.


Deal Context for Buyer #
Overall 3 of 3
Sector: Software 1 of 1
Type: Divestiture 3 of 3
Country: United Kingdom 1 of 1
Year: 2024 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-11 POWR

San Francisco, California, United States

POWR provides a suite of 60+ affordable, easy-to-use, and customizable apps to facilitate lead collection and on-page conversion rate optimization. POWR was founded in 2014 and is based in San Francisco, California.

Buy -

Seller Profile 1

SELLER

Pluribus Technologies

Toronto, Ontario, Canada

Category Company
Founded 2017
Sector Software
DESCRIPTION

Pluribus Technologies is an acquirer of small B2B software companies. The Company looks to buy companies from owners and investors that are seeking a succession plan. Pluribus Technologies was founded in 2017 and and is based in Toronto, Ontario.


Deal Context for Seller #
Overall 3 of 3
Sector: Software 1 of 1
Type: Divestiture 3 of 3
Country: United Kingdom 1 of 1
Year: 2024 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-11 POWR

San Francisco, California, United States

POWR provides a suite of 60+ affordable, easy-to-use, and customizable apps to facilitate lead collection and on-page conversion rate optimization. POWR was founded in 2014 and is based in San Francisco, California.

Sell -

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