Growth Equity Investment by PeakEquity Partners

Technology & Services
Growth Equity Investment by PeakEquity Partners

Summary

Baird served as exclusive financial advisor to CareerArc Group LLC on this transaction

About

CareerArc Group LLC (“CareerArc” or the “Company”), a portfolio company of Kinderhook Industries LLC (“Kinderhook”), recently received a $30M investment from PeakEquity Partners (“PeakEquity” or the “Firm”).

CareerArc is a leading HR technology company helping business leaders recruit and transition the modern workforce. CareerArc social recruiting and virtual outplacement solutions help thousands of organizations, including many of the Fortune 500, maximize their return on employer branding. By leveraging the cloud, running on modern infrastructure, and combining web, mobile and social media applications, CareerArc helps companies gain a competitive edge in recruitment, employment branding, and outplacement. CareerArc was founded in 2009 and has offices in Burbank, California and Boston, Massachusetts.

Kinderhook is a private investment firm that manages over $2.0 billion of committed capital and has made in excess of 150 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Kinderhook’s focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services and automotive / light manufacturing sectors. Kinderhook has a track record of successfully and consistently building industry leaders. In addition, Kinderhook is a licensed Small Business Investment Company (SBIC) with the United States Small Business Administration. Kinderhook is headquartered in New York, New York.

PeakEquity is a private equity firm focused on investments in software companies. The principals of PeakEquity have extensive experience as investors and operating executives in multiple market sectors. The Firm invests in businesses that have large addressable markets, market-tested technology, products and offerings, and demonstrated traction with a meaningful base of reference-able customers. PeakEquity invests in companies with revenues of $15 to $50 million that have the potential for annual revenue growth in excess of 30%. PeakEquity can invest $20 to $50 million or more per portfolio company and will take minority or majority positions. The Firm leverages and provides access to operating resources to help provide companies an edge in capturing market segment leadership and achieving revenue growth and margin objectives. PeakEquity has offices in Radnor, Pennsylvania and New York, New York.
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Technology & Services
Growth Equity Investment by PeakEquity Partners
Date
December 2018
Company
CareerArc Group LLC
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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