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 4th 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 LLC (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 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 48 of 69
Sector (Information Technology) 4 of 7
Type (Growth Capital) 40 of 59
State (Wisconsin) 1 of 2
Country (United States) 45 of 65
Year (2020) 7 of 7
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 XDTI

Boston, Massachusetts, United States

XDTI is a provider of comprehensive insurance processing and distribution solutions that empower and connect agents, brokers, wholesalers, MGAs/MGUs, program administrators, carriers, and policyholders, driving efficient business production, superior customer service, and insightful business management. The XD Insurance Processing Platform™ and the Nexsure® Agency Management Platform are scalable, secure, cloud-based, and web platforms, which allow customers to access their software remotely and securely. XDTI was founded in 2001 and is based in Boston, Massachusetts.

Buy -
Mergr

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