Investment Summary

Wavecrest Growth Partners Invests In Tier1 Financial Solutions

On December 11, 2017, growth capital firm Wavecrest Growth Partners invested in information technology company Tier1 Financial Solutions

Investment Highlights
  • This is Wavecrest Growth Partners’ 1st transaction in the Information Technology sector.
  • This is Wavecrest Growth Partners’ 1st transaction in Canada.
  • This is Wavecrest Growth Partners’ 1st transaction in Ontario.

Investment Summary
Date 2017-12-11
Target Tier1 Financial Solutions
Sector Information Technology
Investor(s) Wavecrest Growth Partners
Deal Type Growth Capital

Target

Tier1 Financial Solutions

Toronto, Ontario, Canada
Tier1 Financial Solutions is a provider of CRM and customer engagement SaaS solutions to sell-side and buy-side financial services clients spanning sales and trading desks, investment banks and investment managers. Major global financial institutions leverage the Tier1 platform to efficiently and more profitably manage client relationships, improve internal transparency and collaboration, manage deal-related activities, and comply with MiFID II regulatory requirements. Tier1 Financial Solutions was founded in 2008 and is based in Toronto, Ontario.

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Investor(S) 1

Investor

Wavecrest Growth Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2016
Size Middle-Market
Type Sector Focused
DESCRIPTION

Wavecrest Growth Partners is a private equity firm that looks to acquire B2B software and technology companies with $5 to $25 million of revenue. The Firm seeks companies where the founder is at an inflection point in taking the business to the next level. Wavecrest Growth Partners was formed in 2016 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 2 of 13
Sector (Information Technology) 1 of 1
Type (Growth Capital) 2 of 12
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Building Engines

Boston, Massachusetts, United States

Building Engines develops, deploys, hosts, and maintains a broad spectrum workflow, data collection, messaging, and operational support system for facility managers in commercial real estate and healthcare facilities. Building Engines was founded in 1999 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Impel

Syracuse, New York, United States

Impel offers automotive dealers, OEMs, and online marketplaces the industry’s most advanced platform for digital automotive merchandising. SpinCar’s 360° WalkAround® technology builds trust between buyers and sellers by bringing the physical showroom experience to car shoppers wherever and whenever they want. Impel’s proprietary shopper behavioral data and VINtelligent Retargeting® solution enable dealers to deliver hyperpersonalized interactions across the entire car shopping journey. Impel was founded in 2011 and is based in Syracuse, New York.

Buy -
Mergr

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