Participated · Equity · Jan 2024

Travelport provides a marketplace, Travelport+, that connects buyers and sellers of travel and simplifies how brands connect, upgrades how travel is sold, and enables modern digital retailing. The company operates in more than 165 countries and is led by CEO Greg Webb. Travelport’s platform supports a wide range of carrier NDC offerings and includes a Content Curation Layer — an AI/ML-powered search engine that normalizes and personalizes sources of travel content. The company intends to use recent financing to continue investing in its technology platforms and customer offerings. Its stated product roadmap includes accelerating new developments in Travelport+, expanding NDC support, and further developing the Content Curation Layer. Travelport is a Langley, UK-based technology company that powers bookings for hundreds of thousands of travel suppliers worldwide. Its next-generation marketplace, Travelport+, connects buyers and sellers and aims to simplify how brands connect, upgrade how travel is sold, and enable modern digital retailing. The company operates in more than 165 countries around the world. Led by CEO Greg Webb, Travelport reported a strong first-quarter performance and best-in-class tech achievements. It recently acquired Deem, a corporate travel management platform, and intends to use new capital to continue executing its growth strategy.

Led · Equity · May 2023

Mavenir builds cloud-native, AI-enabled network infrastructure and Open RAN and 5G Core solutions designed to automate and monetize mobile networks. The company emphasizes green-by-design software to help operators achieve intelligent, programmable networks. Mavenir says its solutions accelerate software network transformation for 300+ communications service providers across more than 120 countries, serving over 50% of the world’s subscribers. The company plans to use additional capital to accelerate strategic investments in Open RAN and 5G Core and to efficiently meet its product roadmap. Management also highlighted plans to bolster global expansion for its products and solutions. The announcement references prior capital raises and positions the firm for continued growth in 5G transformation. Mavenir builds cloud-based, automated network technology with a focus on Open Radio Access Networks (Open RAN) and related 5G services. The company is integrating more AI, automation and sustainability features into its cloud-native platform and plans to sell additional services to its existing customers. Mavenir says it serves more than 250 service provider and enterprise customers across 120 countries and that its services cover more than half of the world’s mobile subscribers. Leadership highlights include CEO and president Pardeep Kohli and Siris partner Hubert de Pesquidoux as chairman. The business has been used as an umbrella for roll-ups of telecoms software vendors such as Mitel and Xura during prior ownership restructurings. Mavenir has attracted long-standing private-equity and strategic backers and is positioning its software to replace legacy, hardware-centric network approaches. Mavenir builds end-to-end, cloud-native mobile network software and a 5G software platform designed to run on any cloud. The company positions itself as the industry’s only end-to-end, cloud-native network software provider and serves 250+ communications service providers in over 120 countries. Its software supports more than 50% of the world’s subscribers. Mavenir says it is focused on transforming how the world connects and accelerating software network transformation through disruptive products. The company intends to continue investing in strategic growth products and leading the 5G transformation. Recent financings have been used to strengthen the balance sheet to enable continued investment in innovation. Mavenir provides an end-to-end, cloud-native 5G network software platform, positioning itself as the industry's only provider of a single, software-based automated network that runs on any cloud. The company highlights products such as OpenRAN and other disruptive 5G technologies for communication service providers and enterprises. Mavenir says it accelerates software network transformation for 250+ communications service providers in over 120 countries and reaches more than 50% of the world’s subscribers. The firm plans to bring 5G innovation to industries including energy, industrial automation, and health care and to expand deployments with service provider customers. Mavenir intends to use the recent strategic investment to strengthen its balance sheet and accelerate innovation in CSP and enterprise networks. Financial advisors on the transaction were Goldman Sachs & Co. LLC and Guggenheim Securities, LLC; legal counsel to Mavenir was Sidley Austin LLP.

Led · Equity · Feb 2022

TPx provides managed and co-managed networking, unified communications (UC) and cybersecurity solutions to SMBs. The company supports approximately 18,000 customers across more than 49,000 U.S. locations and has operated for more than two decades. TPx is upgrading its technology infrastructure and investing in channel partner capabilities, people, systems and new digital capabilities to enhance customer success. Management says the investments aim to improve the customer experience, service excellence and accelerate growth. Financially, TPx has received a $70 million growth equity investment and has refinanced its senior debt on more favorable terms, including a multi-year extension of maturities. These actions are intended to bolster TPx’s digital transformation and market leadership in managed IT and UC services.

Led · Equity · Feb 2021

Constant Contact is a long-standing provider of SaaS-based marketing tools designed for small businesses and nonprofits. Its platform supports email, SMS, and social media outreach, wrapped with analytics and AI-driven features that boost deliverability and audience engagement. The company serves nearly half a million customers and positions itself as the largest independent player in marketing automation. Since Clearlake Capital carved it out of Endurance International Group in 2021, Constant Contact has completed four acquisitions, broadened its product suite, and expanded geographically. Management reports that these efforts, along with AI investments, have lifted organic topline growth from roughly 2 % at separation to about 7 % today while also increasing profitability. The firm continues to invest in AI to create a more agile and scalable model and to further simplify marketing for small businesses.

Led · Equity · Feb 2020

Digital River provides API-powered, modular ecommerce and back-office solutions that handle payment processing, tax and compliance management, fraud mitigation, order management, and fulfillment for brands selling direct to customers. The company has unbundled its commerce stack into modular solutions so brands can build customized user experiences while relying on a consistent, seamless operating model across markets. It emphasizes an "Onshore Advantage"—a fully localized buying experience with consistent operations globally—to drive higher sales and customer satisfaction. Digital River plans to use new capital to accelerate its transition into a premier provider of API-based global ecommerce solutions, expand its partner ecosystem, and build global infrastructure. The funding will also support acquisition opportunities that complement its payments and back-office mission. The company states it has 25 years' experience and is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America.