Investment Summary

Serent Capital Invests In Avionte

On June 9, 2014, growth capital firm Serent Capital invested in staffing company Avionte

Investment Highlights
  • This is Serent Capital’s 1st transaction in the Staffing sector.
  • This is Serent Capital’s 11th transaction in the United States.
  • This is Serent Capital’s 1st transaction in Minnesota.

Investment Summary
Date 2014-06-09
Target Avionte
Sector Staffing
Investor(s) Serent Capital
Deal Type Growth Capital
Advisor(s) Harbor View Advisors LLC (Financial)

Target

Avionte

Bloomington, Minnesota, United States
Avionte's corporate headquarters in Eagan, Minnesota.
Avionte's corporate headquarters in Eagan, Minnesota.
Avionté is a provider of staffing and recruiting technology solutions for the human resources industry. Avionté delivers a fully integrated front and back office staffing software solution, including advanced reporting, compliance management and a large community of integration solution partners. Avionte was founded in 2005 and is based in Bloomington, Minnesota.

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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 11 of 69
Sector (Staffing) 1 of 2
Type (Growth Capital) 9 of 59
State (Minnesota) 1 of 1
Country (United States) 11 of 65
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-19 Optimal Blue

Plano, Texas, United States

Optimal Blue operates mortgage secondary marketing technology & facilitates transactions among mortgage market participants through its Marketplace Platform, actionable data, and technology vendor connections. Optimal Blue was formed in 2002 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-23 Diamond Mind

Potomac, Maryland, United States

Diamond Mind, Inc. is a provider of payment solutions for independent K-12 schools serving 850+ schools for over a decade. Diamond Mind offers credit and debit card processing, eChecks, purchase cards and payment software. The company’s suite of solutions are specifically tailored to allow school business managers to consolidate, streamline and reconcile payments across campus to reduce costs, minimize risk and improve the payment experience for parents, often leading to increased parental participation. Diamond Mind’s full spectrum of cost effective campus-wide payment solutions address tuition, online giving and donations, events, summer programs, admissions, enrollment, bookstore, and purchase card programs.chools.

Buy -
Mergr

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