Investment Summary

PSG and Advent International Invest In Pacvue

On May 19, 2020, growth capital firm PSG and private equity firm Advent International invested in software company Pacvue

Investment Highlights
  • This is PSG’s 14th and Advent International’s 9th transaction in the Software sector.
  • This is PSG’s 31st and Advent International’s 81st transaction in the United States.
  • This is PSG’s 8th and Advent International’s 11th transaction in California.

Investment Summary

Date 2020-05-19
Target Pacvue
Sector Software
Investor(s) PSG
Advent International
Deal Type Growth Capital
Advisor(s) Greenberg Glusker Fields Claman & Machtinger (Legal)

Target

Pacvue

Los Angeles, California, United States
Pacvue is a next-gen e-commerce software and data platform that offers a suite of solutions to help merchants optimize and track marketplace performance, social performance, and other performance analytics as well as resources in the form of market insights, content, and education. Pacvue was founded in 2019 and is based in Los Angeles, California.

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Investor(S) 2

Investor

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 38 of 106
Sector (Software) 14 of 32
Type (Growth Capital) 16 of 61
State (California) 8 of 14
Country (United States) 31 of 73
Year (2020) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Corilus

Gent, Belgium

Corilus provides integrated healthcare software and IT solutions for various medical and paramedical professionals including general practitioners, dentists, elderly homes, physiotherapists, nurses, pharmacies, etc. Coriluss software solutions aim to facilitate increased efficiency in the day-to-day administrative and clinical operations and collaboration across stakeholders (e.g. caretakers, hospitals). Corilus is based in Gent, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-25 SevenRooms

New York, New York, United States

SevenRooms is a fully-integrated, data-driven guest experience platform that helps hospitality operators unlock the full revenue potential of their data. SevenRooms was founded in 2011 and is based in New York City.

Buy -
Investor

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 285 of 339
Sector (Software) 9 of 15
Type (Growth Capital) 22 of 30
State (California) 11 of 13
Country (United States) 81 of 100
Year (2020) 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 DEPObank

Milan, Italy

DEPObank SpA is a specialized bank focused on providing securities services and bank payments to businesses from the domestic market, and a reference point for the entire Italian financial system. DEPObank was formed in 2018 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-15 Thrasio

Walpole, Massachusetts, United States

Thrasio is a next-generation consumer products platform that acquires and enhances leading third-party e-commerce brands operating on Amazon and other online marketplaces. Thrasio was founded in 2018 and is based in Walpole, Massachusetts.

Buy -