M&A Deal Summary

PSG Acquires INE

On January 1, 2018, growth capital firm PSG acquired education company INE

Acquisition Highlights
  • This is PSG’s 1st transaction in the Education sector.
  • This is PSG’s 13th transaction in the United States.
  • This is PSG’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2018-01-01
Target INE
Sector Education
Buyer(s) PSG
Deal Type Buyout (LBO, MBO, MBI)

Target

INE

Cary, North Carolina, United States
INE is a provider of technical training for the IT industry by implementing adaptive technologies and a proven method of hands-on training experiences. INE’s training portfolio is built for levels of technical learning specializing in advanced networking technologies, next-generation security, and infrastructure programming and development. INE was founded in 2003 and is based in Cary, North Carolina.

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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 13 of 106
Sector (Education) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 13
State (North Carolina) 2 of 3
Country (United States) 13 of 73
Year (2018) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Payrix

Sandy Springs, Georgia, United States

Payrix enables vertically-focused SaaS companies to embed and manage payments natively within their software, securing additional recurring revenue and creating an awesome experience. The company provides the tools to create a seamless, embedded user experience and offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business appetite. Payrix was founded in 2015 and is based in Sandy Springs, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Inhabit IQ

Knoxville, Tennessee, United States

Inhabit IQ is a collective of tech-forward products serving the residential, commercial and vacation rental management industries. The company provides end-to-end solutions for property management companies in the multifamily, single family residential, student housing, affordable housing, and commercial markets, serving more than 5 million units and customers. Inhabit IQ is a suite of in-class SaaS solutions that includes accounting, CRM, rent payment processing, background screening, and renters insurance software products. Inhabit IQ was founded in 2016 and is based in Knoxville, Tennessee.

Buy -
Mergr

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Company

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