Investment Summary

The Riverside Company and Serent Capital Invest In Modern Campus

On May 23, 2018, private equity firm The Riverside Company and growth capital firm Serent Capital invested in internet software and services company Modern Campus

Investment Highlights
  • This is The Riverside Company’s 13th and Serent Capital’s 5th transaction in the Internet Software and Services sector.
  • This is The Riverside Company’s 165th and Serent Capital’s 30th transaction in the United States.
  • This is The Riverside Company’s 14th and Serent Capital’s 3rd transaction in California.

Investment Summary

Date 2018-05-23
Target Modern Campus
Sector Internet Software and Services
Investor(s) The Riverside Company
Serent Capital
Deal Type Growth Capital

Target

Modern Campus

Camarillo, California, United States
Modern Campus is a student lifecycle management solution provider driving Omni CMS and Destiny One, which empowers higher education institutions to thrive when radical change is required to successfully respond to lower student enrollments and revenue, rising costs, crushing student debt, and even school closures. Powered by the industry’s leading “student first” modern learner engagement platform, presidents and provosts can create pathways for lifelong learning, while marketing and IT leaders can deliver Amazon-like personalization and instant fulfillment. Modern Campus was founded in 1995 and is based in Camarillo, California.

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Investor(S) 2

Investor

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 234 of 283
Sector (Internet Software and Services) 13 of 19
Type (Growth Capital) 45 of 58
State (California) 14 of 15
Country (United States) 165 of 195
Year (2018) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 compleet

Unterhaching, Germany

compleet is a SaaS vendor for data-driven programmatic recruitment solutions focused on enterprise as well as medium-sized customers with high volume recruiting needs. Its software automatizes the entire e-recruitment process while optimizing the most important aspects in e-recruiting, i.e. reach, candidate quality and time-to-hire, ultimately increasing ROI.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Neighborly

Waco, Texas, United States

Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas.

Sell -
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 30 of 69
Sector (Internet Software and Services) 5 of 13
Type (Growth Capital) 26 of 59
State (California) 3 of 11
Country (United States) 30 of 65
Year (2018) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 CoConstruct

Charlottesville, Virginia, United States

CoConstruct is a provider of cloud-based project management tools help independent builders and remodelers coordinate their projects, communicate better with clients & crews, and control the financials of their jobs. CoConstruct was founded in 2005 and is based in Charlottesville, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 MinuteKEY

Boulder, Colorado, United States

Minute Key Holdings, Inc. is a developer of the self-service key duplication machine. MinuteKEY was founded in 2008 and is based in Boulder, Colorado.

Sell -