SCP Advises on Seventh Pacific Northwest Deal in Three Years


Friends in the Pacific Northwest,

We hope you are doing well in these uncertain times, and that you and your family are staying safe. In moments like these, it becomes more evident than ever how important trust and transparency are in working relationships. We at SCP are thankful for the opportunity to provide advice and guidance to support our clients, and deeply value our relationships.

With the announcement of the sale of K2, a portfolio company of Francisco Partners, FTV Capital, and Azure Capital Partners, to Nintex, a portfolio company of Thoma Bravo, TA Associates and Updata Partners, SCP has advised seven companies headquartered in the Pacific Northwest region in the past three years. The Firm is proud of our reputation and experience in the Pacific Northwest market, which has been a strategic focus in SCP’s growth.

SCP boasts a unique approach to advisory by leveraging our deep domain expertise, trusted relationships with buyer, and execution experience in service of best-in-class private software companies.  These differentiating characteristics are bolstered by our commitment to providing objective advice.  As evidence of our ability to deliver on these promises, we are thrilled that many of our transactions in the Pacific Northwest include clients and buyers with whom we have worked with multiple times.  We have won many awards as a Firm, but our proudest achievement is repeat business.

The Firm looks forward to continued engagement in the Pacific Northwest and supporting the plethora of innovative and dynamic technology companies with roots in the region.

Please do not hesitate to reach out to me directly.

Regards,
Clark


SCP Deal Experience in the Pacific Northwest

Please do not hesitate to reach out to us with any questions.
Email: clark.spurrier@spurriercp.com
Phone: (212) 486-7100

Spurrier Capital Partners Advises Leading Low-Code Digital Process Automation Platform K2 Software in its Sale to Nintex

Spurrier Capital Partners is pleased to announce our role as sole strategic advisor to K2 in its sale to Nintex, a portfolio company of Thoma Bravo, TA Associates and Updata Partners. K2 enables organizations to build powerful applications that automate complex business processes to improve employee production and efficiency using a simple drag-and-drop interface with minimal coding. Based in Bellevue, WA, K2 is backed by Francisco Partners, FTV Partners, and Azure Capital Partners.

The compelling combination of Nintex’s strength among business users seeking low-code solutions with K2’s proven track record for professional developers pursuing mission-critical Digital Process Automation initiatives represents an exciting combination of leading innovators in the Process Automation market. The parties’ complementary features will benefit both customer bases, with Nintex customers now able to take advantage of K2’s SmartObjects integration capabilities, and K2 customers now having access to Nintex’s Process Mapping, Robotic Process Automation, Document Generation, and more.

“The team at Spurrier Capital Partners was an integral part of this process and has enthusiastically supported our business across numerous strategic initiatives,” stated Evan Ellis, CEO of K2. “Their deep understanding of K2’s value proposition and strategic roadmap, as well as the Low-Code / Process Automation market, enabled them to find a strategic partner who shares our vision for the future.”

“SCP’s deep domain expertise, strong buyer knowledge, and excellent execution capabilities were crucial in achieving a successful outcome,” said Brian Decker, Partner at Francisco Partners.  “SCP led a highly curated and focused process, facilitating this partnership between K2 and Nintex to provide enhanced value to customers.”

“SCP’s attention to detail in diligence helped us evaluate the company quickly, and their constructive approach to structuring the transaction allowed us to strike an agreement that worked for all parties,” commented Hudson Smith, Partner at Thoma Bravo. “We were impressed with the work that the entire SCP team put forward throughout the process.”

“The K2 transaction highlights SCP’s domain expertise in Low-Code / Process Automation, representing our sixth transaction in the sector,” stated Clark Spurrier, Founder and CEO of Spurrier Capital Partners. “We are grateful to have had the opportunity to work with each of the parties involved in this transaction, particularly given that we have now worked with Francisco Partners, Nintex, TA Associates, and Updata Partners multiple times”

 

SCP Experience in Low-Code / Process Automation

 

The deal team was led by Clark Spurrier, Griffin Bealle, Mike DeMatteis, and Jason Myers.  Please do not hesitate to reach out to us with any questions. (212) 486-7100

Spurrier Capital Partners Named Technology Investment Bank of the Year

NEW YORK – (August 26, 2020) – Spurrier Capital Partners (“SCP”) was honored to receive the Technology Investment Bank of the Year Award from the Global M&A Network at the 2nd annual U.S.A. M&A Atlas Awards Gala held earlier this year in Washington D.C. The M&A Atlas Awards are independently governed awards, singularly honoring legendary leaders, top professionals, outstanding firms and best value-creating transactions. The Global M&A Network equates winning the award to achieving the “Gold Standard of Performance” standing, validating excellence since the winners are selected on merits.

In addition to Technology Investment Bank of the Year, SCP was also awarded the Growth Investment Deal of The Year as the exclusive financial advisor to KLAS leading patient engagement provider Relatient on its sale to Brighton Park Capital. Since 2018, SCP has been the recipient of eight M&A Atlas Awards across a wide variety of categories.

“We are honored to have received this prestigious award, particularly as it follows a record year in the Firm’s history,” said CEO and Founder Clark Spurrier. “As our clients continue to navigate the current realities of the COVID-19 pandemic, we remain steadfast in our support of long-term value creation. Over the past six months, SCP has seen digital transformation accelerate in nearly every industry, and we are excited to continue our advisory work with disruptive technology companies in 2020 and beyond.”

SCP boasts a differentiated approach to advisory by working with best-in-class private companies to help them curate and develop relationships within their partnership/acquirer ecosystems in advance of a liquidity event. This approach continues to help clients grow strategically and increase their visibility in their respective industries. SCP’s unique style, coined the Consigliere Approach, is centered on confidentiality and trust earned through providing clients with unwavering, objective, and independent advice.

Due to this unique approach, SCP has gained industry-wide recognition as an elite Technology Investment Bank, and the Firm’s recognition as Technology Investment Bank of the Year from the Global M&A Network emphasizes that position.


Recent M&A Atlas Awards

Spurrier Capital Partners Adds Distinguished Technology Banker Brian Griffiths

Spurrier Capital Partners is pleased to announce the hiring of Brian Griffiths as a Managing Director.  Brian will lead SCP’s expansion into Europe and will also add to the Firm’s existing Communications and Infrastructure Software efforts.  Brian is a highly accomplished Technology executive with over 30 years of experience in the investment banking and corporate sectors.  Over the course of his illustrious career, Brian has advised on a myriad of strategic and capital-raising transactions with many leading Technology companies globally.  He has significant domain expertise within the Technology sector, as well as extensive international and cross-border M&A execution experience.

Brian, along with SCP Founder Clark Spurrier, was a founding member of the J.P. Morgan Technology Group in 1994.  After J.P. Morgan, Brian and Clark teamed up at Morgan Stanley, where they played influential roles within Morgan Stanley’s Global Technology Group.  Brian later moved to London, where he helped build the Morgan Stanley Technology practice across Europe.

Brian has served as Co-Head of the Global Technology Group at Deutsche Bank, Co-Head of European TMT and Head of the European Technology Group at Credit Suisse, and was a Senior Managing Director in the Technology Group at Guggenheim Partners.  Most recently, Brian was the Chief Financial Officer at Skorpios Technologies, where he was heavily involved in nearly every aspect of the Company’s operations in addition to managing the finance and accounting functions.

Brian earned a B.A. in Economics from Tufts University (Magna Cum Laude), a Master of Science in Accounting from New York University, and an MBA from the Tuck School of Business at Dartmouth College.

Brian has worked on strategic transactions and financings with leading Technology companies such as Alcatel-Lucent, ASML, Avaya, CommScope, HP, Intel, Interxion, Kaspersky Lab, Motorola Solutions, Nokia, Nuance, NXP, Ribbon Communications, SAP, TE Connectivity, Texas Instruments, and Xerox.

Brian has also closed deals with many prominent Private Equity firms including Advent International, Apax, Bain Capital, Carlyle, Francisco Partners, Hellman & Friedman, KKR, Marlin Equity, One Equity Partners, Permira, Silver Lake, Siris Capital, and TPG.

His extensive industry experience and knowledge of leading European Technology companies will enable SCP to further augment its cross-border capabilities.

“We are thrilled to welcome Brian to the team and I personally look forward to working alongside him once again,” stated Clark Spurrier, Founder and CEO of Spurrier Capital Partners.  “Brian’s deep sector expertise and global perspective will be a tremendous asset to the Firm.  After a record year in 2019, we look forward to strengthening SCP’s international presence with Brian leading that effort.”

“Ten years ago, it was exciting to see Clark create a Firm with such a differentiated approach,” Brian Griffiths added.  “Now fully established, I am thrilled to work with this elite team to advance the Firm’s expansion and further SCP’s cross-border activity.  The client-first Consigliere Approach is also a very good fit with my relationship-banking style.”

Spurrier Capital Partners Advises Accela on its Sale of Leading Local Government Software Provider Springbrook to Accel-KKR

Spurrier Capital Partners is pleased to announce our role as the sole strategic advisor to Accela on its divestiture of Springbrook to Accel-KKR. Springbrook provides a cloud-based integrated platform spanning ERP and Payments Software for municipalities and special districts across the United States. Based in Portland, OR, Springbrook operated as an independent subsidiary of Accela, a leading Public Sector Software provider backed by Berkshire Partners and ABRY Partners.

Springbrook’s ERP platform offers a comprehensive set of modules across Utility Billing and Finance / HR, and seamlessly integrates Utility Billing modules with its multi-channel government Utility Payments solution, delivering a full spectrum Utility Management solution for local governments.

“The team at Spurrier Capital Partners was an essential part of the process and helped us achieve an exceptional outcome for Springbrook,” stated Max Schnoedl, CEO of Springbrook. “SCP demonstrated a very strong understanding of the Company and the Local Government Software market as a whole, enabling them to connect us with the best partner who shares our vision going forward.”

“SCP curated a bespoke and highly efficient process that allowed the Springbrook team to both maximize value and partner with an experienced and market-leading firm,” stated Tom Kuo, Managing Director at Berkshire Partners. “SCP’s deep domain expertise and execution capabilities were crucial in achieving this excellent result, and we look forward to partnering with their team again.”

“SCP’s coordination with management and knowledge of the business allowed us to easily recognize the strategic value of the Springbrook asset,” commented Dean Jacobson, Managing Director at Accel-KKR. “We were delighted with the work that the entire SCP team put forward throughout the process. Their deep industry knowledge and dedication to the process facilitated an exciting transaction for all parties.”

“The Springbrook deal highlights SCP’s domain expertise in Government Software. This transaction represents our fourth deal in the sector, and displays our commitment to achieving the best outcome for all parties,” stated Clark Spurrier, Founder and CEO of Spurrier Capital Partners. “We are excited to have had the opportunity to work with Springbrook, Accela, Berkshire Partners, ABRY Partners, and Accel-KKR on this transaction, and are thrilled with the result.”

“This announcement represents a transformative development not only for the parties involved, but also for the Local Government Software market as a whole,” stated Griffin Bealle, Director at Spurrier Capital Partners.  “Municipalities and special districts prefer an integrated platform, and Springbrook’s compelling combination of mission-critical ERP and next-generation Payments delivers on this demand.  We are eager to see Springbrook execute on this opportunity in its next chapter as an independent company.”

 

SCP Experience in Government Software

 

The deal team was led by Clark Spurrier, Griffin Bealle, Mike DeMatteis, Sandeep Rishi, and Jason Myers.
Please do not hesitate to reach out to us with any questions.
(212) 486-7100