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Transaction Marks Second Confirmed Success for Leading Mergers & Acquisitions Private Market Network in 2013
MIAMI, Feb. 20, 2013 /PRNewswire/ -- PE-Nexus, the leading private market network for efficient deal flow exchange between middle-market M&A professionals, today announced that its intelligent deal network facilitated $4.5 million in Series A funding for media software company Levels Beyond by San Diego, CA-based TVC Capital, LLC ("TVC"). Sell-side M&A advisory to Levels Beyond was provided by Denver, CO-based Janco Partners, Inc. ("Janco"). The funds will be used to boost sales and marketing efforts and for continued product development.
"We're very grateful to TVC and Janco for bringing this success story to our attention," said Tony Hill, PE-Nexus CEO and Co-Founder. "The timing of this deal is perfectly consistent with the increased levels of activity and deal flow volume PE-Nexus has been experiencing since late 2012. More importantly, as a Series A raise, this deal is yet another testament to the platform's growing reach beyond its core focus of middle market buyouts and recapitalizations."
"We are excited to have found the right financial partner for our client, Levels Beyond," said Brett Story, Director of Investment Banking at Janco. "Had it not been for the Buy-Side Mandate that TVC posted on PE-Nexus, we would not have known that they were looking to invest in the space. Many firms publish investment mandates that become stale over time. With PE-Nexus, an advisor knows that a firm is active and ready to invest," continued Mr. Story.
"As a relatively new member of PE-Nexus, we were initially skeptical about what to expect from the platform. That, however, changed within 24 hours of launching our very first Buy-Side Mandate, when we were contacted by Jason Randell of Janco with a perfect fit for our investment thesis," said Mykel Sprinkles, Senior Associate at TVC. "Fast forward four months and we can now count Levels Beyond among our portfolio companies and PE-Nexus among our strategic partners. We look forward to working closely with both companies over the coming years."
Launched in 2010, PE-Nexus is the leading private market network for middle-market M&A professionals. Over 2,000 investment banks, merchant banks, M&A advisory firms, private equity groups & family offices, and Fortune 1000 corporate M&A departments leverage PE-Nexus' intelligent deal marketplace and deal origination tools to efficiently identify buyers, instantly amplify deal flow, and close more deals, faster.
About TVC Capital, LLC:
TVC Capital is a San Diego-based private equity firm focused on investments in and acquisitions of software companies and software-enabled service firms. TVC Capital targets a wide spectrum of software sectors and industry verticals that are poised for growth and consolidation. The TVC team is led by Jeb Spencer, Steven Hamerslag and Chris Noser, operating executives with more than 60 years of experience growing technology companies into market leaders.
About Janco Partners, Inc.:
Janco Partners is a Denver, CO-based investment bank which offers mergers and acquisitions services, and raises growth capital for Telecommunications, Media, IT and Software companies.
For more information on PE-Nexus, please visit, www.pe-nexus.com or call 786-837-0866.
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