Investment Summary

Spectrum Equity Invests In Linxup

On February 27, 2019, private equity firm Spectrum Equity invested in internet software and services company Linxup

Investment Highlights
  • This is Spectrum Equity’s 24th transaction in the Internet Software and Services sector.
  • This is Spectrum Equity’s 67th transaction in the United States.
  • This is Spectrum Equity’s 2nd transaction in Missouri.

Investment Summary

Date 2019-02-27
Target Linxup
Sector Internet Software and Services
Investor(s) Spectrum Equity
Deal Type Growth Capital
Advisor(s) Citizens Digital Infrastructure M&A Advisory (Financial)

Target

Linxup

Saint Louis, Missouri, United States
Linxup is a provider of fleet and asset tracking solutions tailored to the needs of small to mid-sized service companies and fleets. Linxup offers robust location-based solutions through a software-as-a-service (SaaS) platform that gives businesses the tools they need to improve fleet management, increase mobile worker productivity, and reduce operating costs. Linxup was founded in 2004 and is based in Saint Louis, Missouri.

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Investor(S) 1

Investor

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 8.2B USD
Size Mega
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.


DEAL STATS #
Overall 76 of 102
Sector (Internet Software and Services) 24 of 37
Type (Growth Capital) 35 of 52
State (Missouri) 2 of 2
Country (United States) 67 of 89
Year (2019) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-04 Payer Compass

Plano, Texas, United States

Payer Compass is a developer of software platform VISIUM a purpose-built healthcare pricing engine and contract management system focused on addressing the complexities of Medicare, Medicaid, and Commercial claims pricing. Payer Compass was founded in 2013 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Ethoca

Austin, Texas, United States

Ethoca, Inc. is a provider of collaboration-based technology that enables card issuers, e-commerce merchants and online businesses to increase card acceptance, stop more fraud, recover lost revenue and eliminate chargebacks. Ethoca is based in Austin, Texas.

Sell -