BirdDogHR

Next Level Ventures and Bridgepoint Merchant Bank | Sale | Providence Strategic Growth Capital Partners L.L.C.

Provider of comprehensive talent management software to high compliance industries

Case

Delancey Street Partners is pleased to announce that we served as exclusive financial advisor to BirdDogHR (“the Company”), a portfolio company of Next Level Ventures and Bridgepoint Merchant Bank, on its sale to Providence Strategic Growth Capital Partners L.L.C. (“PSG”). BirdDogHR is a cornerstone investment in PSG’s Arcoro platform, a human capital management (“HCM”) software and services provider in high consequence industries.

February 2018
BirdDogHR
Sale to Providence Strategic Growth Capital Partners
Sector: Business Services – Human Capital Technology
Delancey Street Partners served as the exclusive financial advisor to BirdDogHR

Delancey Street Partners is pleased to announce that we served as exclusive financial advisor to BirdDogHR (“the Company”), a portfolio company of Next Level Ventures and Bridgepoint Merchant Bank, on its sale to Providence Strategic Growth Capital Partners L.L.C. (“PSG”). BirdDogHR is a cornerstone investment in PSG’s Arcoro platform, a human capital management (“HCM”) software and services provider in high consequence industries.

About

February 2018
BirdDogHR
Sale to Providence Strategic Growth Capital Partners
Sector: Business Services – Human Capital Technology
Delancey Street Partners served as the exclusive financial advisor to BirdDogHR

Situation

BirdDogHR selected DSP as its advisor based on our deep HCM technology sector and M&A expertise, and our strong partnership approach to working with clients. Delancey Street helped the Company explore and evaluate its strategic alternatives; managed a highly selective and competitive sell-side M&A process; and structured and negotiated the terms of the transaction.

Headquartered in Des Moines, Iowa, BirdDogHR provides comprehensive talent management solutions delivered through cloud-based Software-as-a-Services (SaaS) model. BirdDogHR’s platform offering includes solutions for Recruitment and Applicant Tracking, Onboarding, Performance, Learning and Succession. The Company specializes in high consequence and government contracting industries such as construction and specialty trades, manufacturing, engineering, energy, supply chain management and transportation.

PSG, headquartered in Providence, Rhode Island, is an affiliate of Providence Equity Partners L.L.C. (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence is a premier, global asset management firm with more than $60 billion in capital under management across complementary private equity and credit businesses.

Result

The transaction was completed February 2, 2018.

The principals of Delancey Street Partners have significant experience serving the Business Services & Technology industries. To learn about our experience in Business Services & Technology, please click here.

For additional information about this transaction, please contact:

Additional

Information

The transaction was completed February 2, 2018.

The principals of Delancey Street Partners have significant experience serving the Business Services & Technology industries. To learn about our experience in Business Services & Technology, please click here.

For additional information about this transaction, please contact:

William J. Filip

Managing Director Phone: (484) 533 – 6312

William J. Filip

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