Investment Summary

Serent Capital Invests In Actionstep

On September 30, 2020, growth capital firm Serent Capital invested in internet software and services company Actionstep

Investment Highlights
  • This is Serent Capital’s 6th transaction in the Internet Software and Services sector.
  • This is Serent Capital’s 1st transaction in New Zealand.
  • This is Serent Capital’s 4th transaction in Virginia.

Investment Summary
Date 2020-09-30
Target Actionstep
Sector Internet Software and Services
Investor(s) Serent Capital
Deal Type Growth Capital

Target

Actionstep

Auckland, Virginia, New Zealand
Actionstep is a cloud-based legal practice management system that helps small and mid-sized law firms across all practice areas drive improved efficiency in case and administrative work. By bringing together client relationship management, matter management, billing & trust accounting, document automation & storage, time tracking, and reporting in one software solution, Actionstep helps transform law practices into more efficient businesses. Actionstep was founded in 2004 and is based in Auckland, New Zealand.

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Investor(S) 1

Investor

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.

DEAL STATS #
Overall 46 of 69
Sector (Internet Software and Services) 6 of 13
Type (Growth Capital) 39 of 59
State (Virginia) 4 of 4
Country (New Zealand) 1 of 1
Year (2020) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-19 Quorum

Washington, District of Columbia, United States

Quorum is a public affairs software that helps customers work smarter and move faster. With Quorum, public affairs professionals can map, track, change, and report on the policy landscape—all in one place. Quorum was founded in 2014 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Employer Direct Healthcare

Dallas, Texas, United States

Employer Direct Healthcare is a provider of a surgical benefit solution for large self-funded employers and their members through its core product, SurgeryPlus. Employer Direct Healthcare was founded in 2011 and is based in Dallas, Texas.

Buy -
Mergr

Product

Company

Legal