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