Led · Equity · Oct 2024

DTiQ provides SaaS, video-based analytics and optimization solutions tailored to QSR, retail and convenience-store operators, led by CEO JL Valente. The company expanded its addressable market in 2022 through the acquisition of Australia-based Summit Innovations, adding advanced drive-thru solutions. DTiQ serves over 37,000 locations across the Americas, Europe and Australia/New Zealand and lists customers including Adidas, Burger King, Dunkin, McDonald’s, Subway and Taco Bell. The firm intends to use the new funding to accelerate innovation in AI and computer vision to deliver more actionable insights and automation. It plans to expand its SaaS product offerings and pursue growth in existing and new territories. The article reports a $145M growth investment from Bain Capital Credit as the latest financing event.

Led · Equity · Jun 2022

Insigneo Financial Group is an independent wealth management platform headquartered in Miami that operates as an SEC-registered broker-dealer and registered investment advisor. It supports over 350 investment professionals (170 direct IPs plus 37 partner firms accounting for another 182 IPs), servicing more than 13,000 clients and managing close to $13 billion in client assets. Insigneo offers a comprehensive menu of services and technology to empower investment professionals and also delivers services through locally regulated advisory firms in Montevideo, Buenos Aires and Santiago. The company has recruited top-tier financial advisors seeking more independence and has experienced noticeable growth since inception. Management plans to use new capital to accelerate Insigneo’s growth and expansion strategy. Bain Capital Credit is providing debt financing to support Insigneo’s acquisition of Citi International Financial Services, LLC and Citi Asesores de Inversion Uruguay S.A. from Citi.

Participated · Equity · Jan 2022

OneShield Software offers core software solutions to property and casualty insurance companies and MGAs through its OneShield Enterprise and OneShield Market Solutions platforms. Deployed in the cloud, its portfolio—available as standalone, subscription, and as-a-service products—includes enterprise-class policy management, billing, claims, rating, product configuration, business intelligence, and smart analytics. The company says it automates and simplifies core systems with targeted solutions, upgrades, collaborative implementations, and lower total cost of ownership. Founded in 1999 and led by CEO Cameron Parker, OneShield is headquartered in Marlborough, MA, and has offices in India, with 70+ products in production across P&C and specialty insurance markets. In 2021 OneShield grew annual recurring revenue by over 50%, closed 11 new license deals, and increased its client total to 38. The company intends to use new funding to accelerate product innovation across both core platforms and to support talent acquisition.

Led · Debt Financing · Mar 2021

DC BLOX develops, owns, and operates integrated digital infrastructure assets including hyperscale-ready data centers, cable landing stations, and a dark fiber network across the Southeast. The company currently operates data centers in Birmingham and Huntsville, Alabama; Chattanooga, Tennessee; and Greenville and Myrtle Beach, South Carolina, and is developing additional projects in Conyers and Douglasville, Georgia; North Augusta, South Carolina; Palm Coast, Florida; and Montgomery, Alabama. Its cable landing stations in Myrtle Beach and Palm Coast provide international connectivity into the Southeast while its dark fiber network across South Carolina and Georgia serves as a connectivity backbone for hyperscale customers. DC BLOX has prioritized building and leasing hyperscale campuses in the region and describes its platform as vertically integrated to support development and operations. The company noted multiple investment-grade rated, preleased hyperscale projects in its portfolio, underscoring commercial momentum as it scales across the Southeast.

Participated · Debt Financing · Mar 2021

SumUp is a global fintech that provides payments and business tools to millions of merchants of all sizes. The company has generated positive EBITDA since December 2022 and has delivered over a decade of sustained growth. SumUp says it balances sustainable growth with fiscal responsibility, launching new markets and products while keeping finances under control. Management intends to use new capital to refinance existing debt and to pursue organic and inorganic global growth opportunities. Investor interest was strong and the company reports the round was oversubscribed, which SumUp cites as confirmation of market confidence in its business model. SumUp plans to continue scaling its services and products to provide merchants with tools and best-in-class support experiences. SumUp builds card readers and point-of-sale tools and offers related services such as invoicing, loyalty programs and business accounts to small merchants. The company is planning continued organic expansion of financial services around its hardware and is targeting more geographies beyond the 36 markets where it currently operates. SumUp is also pursuing inorganic growth through M&A, having previously acquired U.S. loyalty startup Fivestars in 2021 to expand services and U.S. presence. The business says it has been "positive on an EBITDA basis since Q4 2022" and reports over 30% year‑over‑year top-line growth. Its customer count is about 4 million, a figure unchanged from two years ago, indicating mixed operational signals. SumUp is a London-based financial technology company led by Marc-Alexander Christ, serving more than 4 million small merchants in over 35 markets. The company offers card terminals and point-of-sale registers, in-person and remote payments, a free business account and card, an online store, and invoicing. Its SumUp Cash Advance product provides merchants with advances of up to £20,000 based on their payment history. Advances are repaid through payment acceptance with SumUp card readers in a flexible, incremental manner. Merchants pay a fixed fee for access to advances and are not charged monthly interest or hidden fees. SumUp says it will use new financing to expand its merchant cash advance product and support UK-based merchants. SumUp started as a maker of card-reader dongles and has expanded into a broader suite of payments and business services used by about 4 million SMBs in 35 markets. The company now employs roughly 3,000 people and offers products including POS payments, online payments, and a business banking product used by about 10% of its customers. SumUp has pursued M&A to build its platform, acquiring companies such as Payleven, Goodtill, Tiller and U.S.-based loyalty startup Fivestars. Management says revenues have grown roughly 60% annually over the last couple of years, while POS payments remain the bulk of revenue. The company is pursuing further product development, hiring and additional acquisitions as it expands into more emerging markets (its most recent launch was Peru) and continues to focus on Europe as its largest geography. SumUp offers physical card readers and a suite of payments services — online payments, invoicing and POS solutions — to merchants, taking a cut of transactions as its primary revenue model. The company operates in 33 countries and serves roughly 3 million businesses. SumUp has grown in part through acquisitions (including Payleven in 2016 and more recent purchases such as Paysolut, Goodtill and Tiller) to expand its product set and geographic footprint. Its stated strategy is to build more services for businesses and scale transaction volume rather than move into consumer-facing financial products or cryptocurrency. The company says it has stable cash flow, which it cited as a reason for choosing debt financing to avoid dilution. SumUp is London-based and was founded in 2012.