M&A Deal Summary

PSG Acquires 2ndWave Software

On January 1, 2020, growth capital firm PSG acquired software company 2ndWave Software

Acquisition Highlights
  • This is PSG’s 15th transaction in the Software sector.
  • This is PSG’s 33rd transaction in the United States.
  • This is PSG’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2020-01-01
Target 2ndWave Software
Sector Software
Buyer(s) PSG
Deal Type Buyout (LBO, MBO, MBI)

Target

2ndWave Software

Edina, Minnesota, United States
2ndWave Software provides software services. 2ndWave Software was founded in 2007 and is based in Edina, Minnesota.

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Buyer(S) 1

Buyer

PSG

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 40 of 130
Sector: Software M&A 15 of 45
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 21
State: Minnesota M&A 1 of 2
Country: United States M&A 33 of 91
Year: 2020 M&A 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Vehlo

Knoxville, Tennessee, United States

Vehlo is a provider of software and financial solutions for the automotive repair industry. Its product suite consists of everything the modern auto service provider needs to deliver an excellent customer experience and run a profitable business. Vehlo is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-23 Next Glass

Charlotte, North Carolina, United States

Next Glass is a global provider of software, content, and experiences in the beverage alcohol industry. Next Glass maintains a network of craft beverage consumers and industry employees. Next Glass was founded in 2013 and is headquartered in Charlotte, North Carolina.

Buy -