M&A Deal Summary

Potentia Capital Acquires Nitro Software

On April 30, 2023, private equity firm Potentia Capital acquired software company Nitro Software for 550M AUD

Acquisition Highlights
  • This is Potentia Capital’s 4th transaction in the Software sector.
  • This is Potentia Capital’s largest (disclosed) transaction.
  • This is Potentia Capital’s 1st transaction in the United States.
  • This is Potentia Capital’s 1st transaction in California.

M&A Deal Summary

Date 2023-04-30
Target Nitro Software
Sector Software
Buyer(s) Potentia Capital
Deal Type Going Private
Deal Value 550M AUD

Target

Nitro Software

San Francisco, California, United States
Nitro Software is a document productivity software company. Nitro Software was founded in 2005 and is based in San Francisco, California.

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Buyer(S) 1

DESCRIPTION

Potentia Capital is a specialist private equity firm focused on technology and tech-enabled businesses. The Firm seeks Australian or New Zealand based companies with revenue between $10 and $150 million. Potentia Capital was established in 2014 and is based in Sydney, Australia.


DEAL STATS #
Overall 9 of 11
Sector: Software M&A 4 of 4
Type: Going Private M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 Soprano Design

North Sydney, Australia

Soprano Design is a provider of mobile messaging technology for mobile network carriers and enterprise customers worldwide. Soprano Communication Platform as a Service (CPaaS) is actively deployed by thousands of enterprises and government organizations around the world for trusted mobile interactions, which include SMS, voice, email, IP, and omnichannel messaging. Soprano Design was founded in 1994 and is based in North Sydney, New South Wales.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-18 Jinjer

Tokyo, Japan

Jinjer is a cloud-based HR technology company serving over 5,000 active customers across various industries. The platform integrates key HR functions such as payroll, time & attendance tracking, HRIS, expense management, and talent management into a single, user-friendly system. Jinjer is based in Tokyo, Japan.

Buy -