M&A Deal Summary

Resurgens Technology Partners Acquires Valant

On December 4, 2023, private equity firm Resurgens Technology Partners acquired internet software and services company Valant from Gemspring Capital

Acquisition Highlights
  • This is Resurgens Technology Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is Resurgens Technology Partners’ 13th transaction in the United States.
  • This is Resurgens Technology Partners’ 1st transaction in Washington.

M&A Deal Summary
Date 2023-12-04
Target Valant
Sector Internet Software and Services
Buyer(s) Resurgens Technology Partners
Sellers(s) Gemspring Capital
Deal Type Secondary Buyout

Target

Valant

Seattle, Washington, United States
Valant is a software-as-a-service organization serving the needs of the behavioral healthcare industry. Its disruptive technology solutions combine deep domain and technical expertise to improve behavioral healthcare quality by reinventing how electronic healthcare record (EHR) systems serve mental health providers and their patients. Valant was founded in 2005 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Resurgens Technology Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
PE ASSETS 700M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Resurgens Technology Partners is a private equity firm focused on acquiring software and technology-enabled service companies. The Firm targets businesses with $5 to $30 million of recurring revenue and will consider opportunities throughout North America. Specific areas of interest include enterprise software, information services, and analytics. Resurgens has a preference for founder-owned companies with potential for market leadership. Resurgens Technology Partners was established in 2016 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 15 of 17
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 2 of 3
State (Washington) 1 of 1
Country (United States) 13 of 14
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Detechtion Technologies

Houston, Texas, United States

Detechtion Technologies is a provider of performance optimization and fleet management technology for natural gas compression fleets. Detechtion leads the digital transformation and optimization of natural gas compression, oilfield chemicals, and other production operations with Asset Performance Management (APM), Industrial Internet of Things (IIoT), and Mobile solutions. Detechtion Technologies was founded in 1999 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Avantra

London, United Kingdom

Avantra is a provider of Application Performance Monitoring (APM) software focused on SAP enterprise customers. Avantra core software automates daily operations monitoring and management processes, reducing costs, and supplying critical analytics to corporate customers. Avantra was established in 2000 and is based in London, England.

Buy -

Seller(S) 1

SELLER

Gemspring Capital

Category Private Equity Firm
Founded 2015
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.

DEAL STATS #
Overall 3 of 5
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Washington) 1 of 1
Country (United States) 3 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Fenceworks

Riverside, California, United States

Fenceworks is a fencing installer and distributor serving homebuilders as well as general contractors and local fencing providers. Fenceworks was founded in 1984 and is based in Riverside, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-11 Cforia

Westlake Village, California, United States

Cforia is a global enterprise solutions provider, delivering working capital and accounts receivable (A/R) automation software. Its expertly designed, automated order-to-cash platform makes B2B interactions simple, delivering everything clients need to create seamless customer experiences and drive better business results. With intelligent order-to-cash software solutions, the company empowers its clients to make every day an A/R success story. Cforia was founded in 2001 and is based in Westlake Village, California.

Sell -
Mergr

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