M&A Deal Summary

Performant Capital Acquires Revascent

On July 29, 2022, private equity firm Performant Capital acquired software company Revascent

Acquisition Highlights
  • This is Performant Capital’s 2nd transaction in the Software sector.
  • This is Performant Capital’s 4th transaction in the United States.
  • This is Performant Capital’s 1st transaction in Idaho.

M&A Deal Summary

Date 2022-07-29
Target Revascent
Sector Software
Buyer(s) Performant Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Revascent

Boise, Idaho, United States
Revascent is a provider of revenue cycle management and outsourced software services to physician practices, allowing providers to focus on patient care. Revascent is based in Boise, Idaho.

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Buyer(S) 1

Buyer

Performant Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2020
PE ASSETS 200M USD
Size Small
Type Sector Focused
DESCRIPTION

Performant Capital is a private equity firm focused on investing in mission-critical B2B software and tech-enabled service businesses. The Firm typically partners with growth-stage companies—backing recurring-revenue businesses where it can commit $10 to $100?million. Performant works closely with founders and management to enhance sales & marketing, modernize products and platforms, and build teams. Performant Capital was founded in 2019 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 4 of 6
Sector: Software M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
State: Idaho M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Design Manager

Doylestown, Pennsylvania, United States

Design Manager is a project management and accounting software for interior designers. Design Manager is created to respond to the requests of local interior design firms, it has expanded into a nationwide software company and become one of the first providers of cloud-based design software. Design firms have specific needs that cannot be answered by conventional software and taken as a mission to provide a product that is dedicated to those needs. Design Manager delivers software that saves time, money and frustration while eliminating countless hours of paperwork. Design Manager was founded in 1984 and is based in Doylestown, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 SquadUP

Los Angeles, California, United States

SquadUP is a ticketing, event management, and audience engagement platform for clients across a variety of verticals including food & wine festivals, film festivals, and branded publications events. SquadUP was founded in 2013 and is based in Los Angeles, California.

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