Investment Summary

PSG Invests In Packback

On March 21, 2024, growth capital firm PSG invested in information technology company Packback

Investment Highlights
  • This is PSG’s 17th transaction in the Information Technology sector.
  • This is PSG’s 71st transaction in the United States.
  • This is PSG’s 2nd transaction in Illinois.

Investment Summary

Date 2024-03-21
Target Packback
Sector Information Technology
Investor(s) PSG
Deal Type Growth Capital
Advisor(s) Raymond James - Investment Banking (Financial)
Goodwin Procter (Legal)

Target

Packback

Chicago, Illinois, United States
Packback is an education technology company provides AI-enabled platform helps students build and master foundational skills such as critical thinking, writing, and research. Packback is based in Chicago, Illinois.

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Investor(S) 1

Investor

PSG

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 105 of 115
Sector (Information Technology) 17 of 20
Type (Growth Capital) 60 of 70
State (Illinois) 2 of 3
Country (United States) 71 of 78
Year (2024) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 Visit Group

Göteborg, Sweden

Visit Group provides e-commerce, packaging, and distribution platforms for the tourism industry. With its collaborative commerce platform, the group serves providers of all types of lodging, ski resorts, activities, day tours, theme parks, museums, DMOs, ferry companies as well as resellers and agents. The Group’s platform optimizes customers’ sales, dynamic packaging, distribution as well as operational efficiency. Visit Group was formed in 1999 and is based in Göteborg, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 Nalanda Global

Madrid, Spain

Nalanda Global is a software-as-a-Service (SaaS) company providing supplier risk management software solutions. Nalanda Global was founded in 2000 and is based in Madrid, Spain.

Sell -