BV exits nonprofit fundraising services provider RKD

The buyer was Incline Equity Partners.

  • BV acquired a majority stake in RKD in 2019
  • Baird was financial advisor to RKD on the deal
  • Since its founding in 1983, BV has invested approximately $4.4 billion

BV Investment Partners has sold Dallas-based RKD Group, a provider of omnichannel fundraising and marketing services to the nonprofit sector. The buyer was Incline Equity Partners. No financial terms were disclosed.

BV acquired a majority stake in RKD in 2019.

Justin Harrison, managing partner of BV Investment Partners, said in a statement: “We invested in RKD with the confidence that RKD was a market leader with multiple paths to accelerate its growth. Our investments in team, technology, and data capabilities – both organic and through four strategic add-on acquisitions – were keys to RKD’s rapid growth. RKD has exceeded our expectations and is positioned to continue to build upon its leadership position within the non-profit sector.”

Baird served as financial advisor to RKD Group on this transaction.

Since its founding in 1983, BV has invested approximately $4.4 billion, actively targeting investments in the tech-enabled business services, software, and IT services industries.