Investment Summary

Spectrum Equity Invests In Zenwork

On November 9, 2021, private equity firm Spectrum Equity invested in internet software and services company Zenwork

Investment Highlights
  • This is Spectrum Equity’s 35th transaction in the Internet Software and Services sector.
  • This is Spectrum Equity’s 84th transaction in the United States.
  • This is Spectrum Equity’s 1st transaction in Arkansas.

Investment Summary
Date 2021-11-09
Target Zenwork
Sector Internet Software and Services
Investor(s) Spectrum Equity
Deal Type Growth Capital
Advisor(s) Vista Point Advisors (Financial)
Kutak Rock (Legal)

Target

Zenwork

Fayetteville, Arkansas, United States
Zenwork is a cloud-based provider of digital tax compliance and regulatory reporting software for businesses. Zenwork helps businesses everywhere manage compliance at a time when changing state and federal mandates and a surge in the gig economy workforce have created new, complex tax reporting burdens. The company offers its customers modern, cost-effective solutions that transform resource-intensive, manual processes into highly automated, digital experiences. Zenwork was founded in 2011 and is based in Fayetteville, Arkansas.

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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 95 of 102
Sector (Internet Software and Services) 35 of 37
Type (Growth Capital) 47 of 52
State (Arkansas) 1 of 1
Country (United States) 84 of 89
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Tenstreet

Tulsa, Oklahoma, United States

Tenstreet is a web-based provider of driver recruiting software and workflow solutions for the trucking and transportation industry. Tenstreet is based in Tulsa, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Quantile Group

London, United Kingdom

Quantile Group reduces risk in financial markets, delivering advanced strategies that rebalance and reduce counterparty risk between market participants, increasing the efficiency and liquidity of markets, improving returns for clients and making the financial system safer. Clients include the G15 top tier global banks, regional banks and other large institutional market participants. Quantile was founded in 2015 and is headquartered in London, with offices in New York.

Sell £274M
Mergr

Product

Company

Legal