M&A Deal Summary

Pender Growth Fund Acquires CHL Software

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

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

M&A Deal Summary
Date 2024-10-11
Target CHL Software
Sector Software
Buyer(s) Pender Growth Fund
Sellers(s) Pluribus Technologies
Deal Type Divestiture

Target

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(S) 1

Buyer

Pender Growth Fund

Investor

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
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(S) 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 STATS #
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 -
Mergr

Product

Company

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