PE-backed Accela adds Karsan to board

San Ramon, California-based Accela, a provider of civic engagement solutions for governments, has appointed Rudy Karsan to its board of directors. Karsan is the founder of Kenexa and Karlani Capital. Accela’s backers include Bregal Sagemount, ABRY Partners, Landmark Partners, J.P. Morgan Private Equity and the aforementioned Karlani Capital.


Bregal Sagemount launches credit strategy

Bregal Sagemount has launched a dedicated credit strategy and brought on Clayton Main, a former Goldman Sachs executive, as one of the founding members of the credit team. Main will work with other Bregal Sagemount team members on the Specialty Lending Group. As part of the new strategy launch, Bregal Sagemount’s parent, Bregal Investments, has increased its commitment to Bregal Sagemount’s debut fund to $650 million. Bregal Sagemount I L.P. closed on around $500 million in 2012.


Bregal’s Accela acquires Government Outreach

Accela, a portfolio company of Bregal Sagemount, has bought Government Outreach. No financial terms were disclosed. Based in Pleasanton, Calif., Government Outreach is a provider of citizen relationship management and code enforcement solutions to cities and counties across the U.S.


Bregal’s Accela completes Kinsail deal

Kinsail Corporation has been acquired by Accela, a portfolio company of Bregal Sagemount. Kinsail is a provider of recreation and resource management solutions for Federal and State agencies.


Network Merchants secures growth equity from Great Hill Partners

Network Merchants, a provider of e-commerce payment gateways and value-added services, has appointed Roy Banks and Kyle Pexton as CEO and CFO and secured a growth equity investment from Great Hill Partners. The firm joins existing investors Bregal Sagemount and the NMI founders.

Accela closes funding led by Bregal

Accela, a San Ramon, Calif.-based provider of civic engagement solutions for government agencies, has closed $40 million in funding. The round was led by Bregal Sagemount, with participation from existing investors. In conjunction with the funding, Daniel Kim and Blair Greenberg of Bregal Sagemount joined Accela’s board of directors.

Bregal Sagemount Makes Minority Investment in MicroEdge

MicroEdge has secured a minority investment from Bregal Sagemount. Existing investors Vista Equity Partners and the MicroEdge management team, led by CEO Preston McKenzie, will retain majority ownership. Additional terms were not disclosed. MicroEdge is a provider of software and services to the giving community worldwide.

Goldman Vet Launches Bregal Sagemount

Bregal Sagemount, the private equity firm founded by Goldman Sachs veteran Gene Yoon, is launching with $500 million in committed capital to concentrate on growth plays in the tech, media & information and businesses services spaces, among others. Bregal Investments formed the fund with $500 million and the fund, along with its parent entity, can […]

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