M&A Deal Summary

PSG and Kensington Capital Partners Acquire PaySimple

On October 20, 2016, growth capital firm PSG and private equity firm Kensington Capital Partners acquired internet software and services company PaySimple from Susquehanna Growth Equity

Acquisition Highlights
  • This is PSG’s 3rd and Kensington Capital Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is PSG’s 7th and Kensington Capital Partners’ 3rd transaction in the United States.
  • This is PSG’s 1st and Kensington Capital Partners’ 1st transaction in Colorado.

M&A Deal Summary
Date 2016-10-20
Target PaySimple
Sector Internet Software and Services
Buyer(s) PSG
Kensington Capital Partners
Sellers(s) Susquehanna Growth Equity
Deal Type Secondary Buyout

Target

PaySimple

Denver, Colorado, United States
PaySimple is a provider of SaaS Service Commerce solutions for SMBs. Its technology solutions enable businesses to sell products and services, accept payments, automate billing and notifications, and securely manage customer appointments and accounts on web and mobile devices, promoting their ability to foster relationships and increase convenience for new and repeat buyers. PaySimple was founded in 2005 and is based in Denver, Colorado.

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Buyer(S) 2

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 7 of 106
Sector (Internet Software and Services) 3 of 46
Type (Secondary Buyout) 2 of 8
State (Colorado) 1 of 2
Country (United States) 7 of 73
Year (2016) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 LogicMonitor

Santa Barbara, California, United States

LogicMonitor is an automated SaaS-based IT performance monitoring platform that provides the end to end visibility and actionable data needed to manage sophisticated on-premise, hybrid, and cloud infrastructures. LogicMonitor was established in 2007 and is based in Santa Barbara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Conversica

San Mateo, California, United States

Conversica is a provider in conversational AI for business and the only provider of AI-driven lead engagement software for marketing and sales organizations. Conversica was founded in 2007 and is based in San Mateo, California.

Buy -
Buyer

Kensington Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 2.8B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Kensington Capital Partners is a Canadian alternative asset manager focused on hedge funds, private equity, and infrastructure assets. Kensington makes private equity investments through its fund-of-funds and direct co-investment programs. Kensington Capital was formed in 1996 and is based in Toronto.

DEAL STATS #
Overall 9 of 25
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Colorado) 1 of 1
Country (United States) 3 of 6
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-21 Protenergy Natural Foods

Richmond Hill, Ontario, Canada

Protenergy Natural Foods Corp. is a fully integrated manufacturer of natural food and beverage products. From concept through product formulation, analytical and sensory testing, nutritional evaluation, packaging and logistics.

Sell $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-28 Kinetrex Energy

Indianapolis, Indiana, United States

Kinetrex Energy is a turn-key provider of environmentally friendly renewable natural gas (RNG) and liquid natural gas (LNG) solutions to customers in the transportation, industrial, agricultural, utility, and power industries. Kinetrex Energy is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $10 to $200 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 13 of 33
Sector (Internet Software and Services) 5 of 14
Type (Secondary Buyout) 3 of 8
State (Colorado) 1 of 1
Country (United States) 11 of 28
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 ActiveCampaign

Chicago, Illinois, United States

ActiveCampaign is a provider in Customer Experience Automation (CXA). The platform gives businesses of all sizes access to hundreds of pre-built automations that combine email marketing, marketing automation, CRM, and machine learning for powerful segmentation and personalization across social, email, messaging, chat, and text. ActiveCampaign was established in 2003 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 MacroPoint

Cleveland, Ohio, United States

MacroPoint LLC is an electronic transportation network providing location-based truck tracking and predictive freight capacity data content. MacroPoint LLC was established in 2009 and is based in Cleveland, Ohio.

Buy -
Mergr

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