Investment Summary

Resurgens Technology Partners Invests In Wellspring

On July 14, 2022, private equity firm Resurgens Technology Partners invested in software company Wellspring

Investment Highlights
  • This is Resurgens Technology Partners’ 8th transaction in the Software sector.
  • This is Resurgens Technology Partners’ 9th transaction in the United States.
  • This is Resurgens Technology Partners’ 1st transaction in Illinois.

Investment Summary
Date 2022-07-14
Target Wellspring
Sector Software
Investor(s) Resurgens Technology Partners
Deal Type Growth Capital
Advisor(s) Lightning Partners LLC (Financial)
Foley & Lardner (Legal)

Target

Wellspring

Chicago, Illinois, United States
Wellspring is a provider of technology transfer and technology scouting software. Wellspring software supports the entire innovation process, from defining strategic areas of interest to investigating opportunities to commercializing results. Wellspring was founded in 2003 and is based in Chicago, Illinois.

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Investor(S) 1

Investor

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 11 of 17
Sector (Software) 8 of 12
Type (Growth Capital) 10 of 13
State (Illinois) 1 of 1
Country (United States) 9 of 14
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Castellan

Audubon, Pennsylvania, United States

Castellan is a provider of resilience management solutions – spanning consulting, software, managed services, and staffing. Leveraging a proprietary proven process for driving organizational readiness and response, Castellan partners with clients to establish a clear vision, drive real results, and provide ongoing support from their community of resilience experts. Castellan was founded in 2020 and is based in Audubon, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-30 Knack

Austin, Texas, United States

Knack is a no-code software development platform and providing an easy-to-use no-code solution to thousands of customers across industries, such as fintech, healthcare, manufacturing, retail and others. The Knack platform enables users to easily build business applications that get data to the right users, at the right time, with the right workflows while leveraging drag-and-drop interfaces. Knack was founded in 2012 and is based in Austin, Texas.

Buy -
Mergr

Product

Company

Legal