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Transactions / N••••••

GrowthCurve Capital Acquires N••••••, A Leading Provider of Cloud-Based Human Capital Management and Payroll Software Solutions

Platform acquisitionclosedannounced Jun 7, 2023closed Jun 7, 2023Fact
What happened
Platform
not an add-on on record
Control
Control
Share acquired
unknown
Industry
technology / cloud, software
Target location
LA, US
Seller kind
unknown
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
12 named
Buy side
  • T•• G•••Board appointeeconfirmed
    In addition to representatives from GrowthCurve, T•• G•••, former Chief Product & Technology Officer of Paylocity, will join the Board of Directors of N••••••, helping drive key strategic priorities for the business.
  • T•• G•••Board appointeeconfirmed
    In addition to representatives from GrowthCurve, T•• G•••, former Chief Product & Technology Officer of Paylocity, will join the Board of Directors of N••••••, helping drive key strategic priorities for the business.
  • M•••••• P•••••, Head of Technology and Information Services Investing at GrowthCurve, said, “N•••••• is a leader in the fast-growing HCM and payroll software industry, with an impressive solution that provides seamless end-to-end functionality for the end user.
  • S•• A••••Deal partnerconfirmed
    S•• A••••, Vice President at GrowthCurve, added, “N•••••• is incredibly well positioned to capture the large market opportunity for leveraging software, data analytics, and AI to help SMEs efficiently and comprehensively manage talent.
  • GrowthCurve Capital is a private equity firm focused on building world-class businesses by leveraging data, analytics, and machine learning, combined with a comprehensive approach to human capital, to accelerate growth and drive value creation.
Advisory side
  • J•••••••• L••Buy-side adviserconfirmed
    J•••••••• L•• served as exclusive financial advisor and D•••• P••• & W••••••• served as legal counsel to GrowthCurve.
  • G•••••• P••••••Legal adviserconfirmed
    L•••••• International served as financial advisor and G•••••• P•••••• served as legal counsel to N••••••.
  • D•••• P••• • W••••••• L••Legal adviserconfirmed
    J•••••••• L•• served as exclusive financial advisor and D•••• P••• & W••••••• served as legal counsel to GrowthCurve.
  • L•••••• I••••••••• L••Sell-side adviserconfirmed
    L•••••• International served as financial advisor and G•••••• P•••••• served as legal counsel to N••••••.
Side not stated
  • “N•••••• is one of the fastest growing HCM technology companies in the industry, and we’re proud of the significant differentiation and strong brand that we have developed in the marketplace,” said W••• B••••••••, Founder and CEO of N••••••.
  • “N•••••• is one of the fastest growing HCM technology companies in the industry, and we’re proud of the significant differentiation and strong brand that we have developed in the marketplace,” said W••• B••••••••, Founder and CEO of N••••••.
  • N••••••Targetconfirmed
    N•••••• (“N••••••” or the “Company”), a leading provider of cloud-based human capital management and payroll software, today announced that it has been acquired by GrowthCurve Capital (“GrowthCurve”).
Evidence
N•••••• (“N••••••” or the “Company”), a leading provider of cloud-based human capital management and payroll software, today announced that it has been acquired by GrowthCurve Capital (“GrowthCurve”).
GrowthCurve Capital Acquires N••••••, A Leading Provider of Cloud-Based Human Capital Mana | Private Equity Intelligence | DFX