San Ramon, California-based Accela, a provider of civic engagement solutions for governments, has raised $143.5 in funding, the company announced in a statement.
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.
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.
Blackbaud has closed its buy of MicroEdge for $160 million. The sellers were Vista Equity Partners and Bregal Sagemount. Headquartered in Charleston, SC, MicroEdge is a provider of charity-giving solutions for funders, nonprofits and companies.
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, 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, 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, the growth equity firm founded by former Goldman Sachs and Great Hill Partner executives, has clinched five deals since its launch in May 2012.
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.
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 […]