Investment Summary

Serent Capital Invests In Procurement Partners

On December 3, 2020, growth capital firm Serent Capital invested in information technology company Procurement Partners

Investment Highlights
  • This is Serent Capital’s 3rd transaction in the Information Technology sector.
  • This is Serent Capital’s 45th transaction in the United States.
  • This is Serent Capital’s 1st transaction in Wisconsin.

Investment Summary

Date 2020-12-03
Target Procurement Partners
Sector Information Technology
Investor(s) Serent Capital
Deal Type Growth Capital
Advisor(s) Triple Tree (Financial)

Target

Procurement Partners

Brookfield, Wisconsin, United States
Procurement Partners is a provider of procure-to-pay (P2P) solutions for healthcare providers. Procurement Partners, reduce off-contract spending and drives efficiency to purchase processes while automatically auditing every invoice. Procurement Partners was founded in 2010 and is based in Brookfield, Wisconsin.

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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 5.0B 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 47 of 77
Sector: Information Technology M&A 3 of 6
Type: Growth Capital M&A Deals 39 of 63
State: Wisconsin M&A 1 of 2
Country: United States M&A 45 of 73
Year: 2020 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Lantern

Dallas, Texas, United States

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Dyad

Boston, Massachusetts, United States

Dyad delivers software and services that simplify insurance processing and distribution. Dyad has redefined insurance technology by continuously improving its solutions, ensuring customers can focus on growing and evolving their business, delivering superior customer service, and developing valuable insight into their business. Retail agencies, wholesalers, agency networks, program administrators, MGAs, and carriers benefit from Dyad’s solutions. Dyad was founded in 2001 and is based in Boston, Massachusetts.

Buy -