Technology Services Monthly

On July 31, 2024, KeyBanc Capital Markets (KBCM) successfully advised GrowthCurve Capital, LP (GrowthCurve) on its acquisition of PureFacts Financial Solutions Inc. (PureFacts or the Company). KBCM was retained as Exclusive Buy-Side Advisor due to its industry-leading fintech and WealthTech sector expertise, strong relationship with PureFacts, and strong M&A capabilities.

PureFacts is an award-winning software as a service (SaaS) provider of end-to-end revenue management solutions for the investment industry. PureFacts helps some of the largest and most recognizable wealth management, asset management, and asset servicing firms manage and grow their revenues. The Company enables its customers to calculate, collect, distribute, incentivize, and optimize their revenues through PureFacts’ AI-enriched fees engine, incentive compensation application, and compelling revenue business intelligence powered by a single system of record for revenue management. PureFacts is headquartered in Toronto, Canada.

Founded in 2020 and headquartered in New York, GrowthCurve is a leading private equity firm focused on data-rich, control-oriented investments primarily across the technology and information services, healthcare, and financial services sectors. With more than $1.4 billion in assets under management, GrowthCurve is focused on building businesses by leveraging data, analytics, and machine learning, combined with a comprehensive approach to human capital, to accelerate growth and drive long-term value.

In March 2024, KeyBanc Capital Markets (KBCM) successfully advised Codefresh, Inc. (Codefresh), a provider of next-generation software for automating software deployments, on its sale to Octopus Deploy, Pty. Ltd. (Octopus Deploy), a portfolio company of Insight Partners. KBCM served as Exclusive Financial Advisor on the transaction.

Codefresh provides a next-generation software as a service (SaaS) platform to help developers build and release code more frequently. The Company’s continuous integration/continuous deployment (CI/CD) platform is built for modern applications and gives developers the control, stability, and confidence they need to build and release software more frequently. Codefresh is trusted by more than 125 forward-thinking companies and is based in Mountain View, California, and Israel.

Octopus Deploy provides universal deployment automation solutions that enable software teams to easily handle complex deployments. Octopus efficiently orchestrates software delivery across multi-cloud, Kubernetes, data centers, and hybrid environments, whether containerized modern apps or heritage applications. Octopus Deploy was founded in South Brisbane, Australia, and is trusted by over 4,000 organizations and 350,000 users worldwide, with backing from Insight Partners, a leading software investment firm.

KeyBanc Capital Markets (KBCM) served as Co-Manager on the $166.75 million Follow-On Offering of 5,750,000 shares, including overallotment, of Squarespace, Inc. (Squarespace or the Company).

Squarespace's (NYSE: SQSP) domains, website, marketing, and social media management tools provide an online presence with best-in-class design and a consistent brand experience. The Company’s commerce solutions include tools for selling digital content, classes, appointments, reservations, physical goods, and more. Squarespace facilitates an intuitive, seamless user experience across products and provides a unified view of analytics. KBCM previously acted as an advisor for the Company’s direct listing in 2021.

KeyBanc Capital Markets served as a Co-Manager on the $5.2 billion Initial Public Offering of 102,500,000 shares, including over-allotment, of Arm Holdings plc (Arm or the Company).

Arm (NASDAQ: ARM) builds, develops, and licenses high-performance, low-cost, and energy-efficient central processing unit (CPU) products and related technology. The Company's primary product offerings are CPU products that address diverse performance, power, and cost requirements. Complementary design offerings across graphics processing units, System IP, and compute platforms are also available and enable high-performance, reliable, system-level creation for a wide range of increasingly sophisticated devices and applications. Arm operates in the United States, the People's Republic of China, Taiwan, South Korea, and elsewhere internationally.

KeyBanc Capital Markets served as Co-Manager on the $240 million Follow-On Offering of 10,000,000 shares of Amkor Technology, Inc. (Amkor or the Company).

Amkor (NASDAQ: AMKR) is one of the world's leading providers of outsourced semiconductor packaging and test services. The Company offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services. Amkor's packaging and test services are designed to meet application- and chip-specific requirements, including the required type of interconnect technology; size; thickness; and electrical, mechanical, and thermal performance. The Company provides its services to integrated device manufacturers, "fabless" semiconductor companies, OEMs, and contract foundries.

On September 1, 2023, KeyBanc Capital Markets (KBCM) successfully closed the syndication of $215 million Senior Secured Credit Facilities (the Facilities) consisting of a $115 million Revolving Credit Facility and a $100 million Term Loan, for LiveView Technologies, Inc. (LiveView or the Company).

Proceeds from the Facilities will be used to fund customer growth, working capital, and for general corporate purposes. KBCM acted as Left Lead Arranger, Joint Bookrunner, and Administrative Agent on the transaction.

Founded in 2005 and headquartered in American Fork, Utah, LiveView is the leader in intelligent safety and security ecosystems. The Company's user-friendly and proprietary cloud-based security software platform and supporting hardware provide its diversified portfolio of blue-chip clients with rapidly deployable surveillance and security solutions. LiveView protects employees and customers, reduces loss due to theft, tracks and deters harmful activity, and limits liability for the best companies in the world using intelligent automation and actionable, real-time data.

KeyBanc Capital Markets served as Joint Bookrunner on the $487 million Initial Public Offering of 13,921,050 shares, including over-allotment, of ODDITY Tech Ltd. (Oddity or the Company).

Oddity (NASDAQ: ODD) is a fast-growing global direct-to-consumer beauty, health, and wellness platform. Through the launch of its first brand, IL MAKIAGE, the Company became one of the fastest-growing digital, direct-to-consumer beauty brands in the United States. Oddity's second brand, SpoiledChild, was launched in 2022 with the goal of disrupting the wellness category online and is rapidly scaling with a full line of products addressing hair, skin, and other health and wellness needs. Oddity is unique in that it deploys algorithms and machine learning models leveraging user data seeking to deliver a precise product match and seamless shopping experience for its customers. Additionally, the Company's ODDITY LABS was formed in April 2023 in conjunction with its acquisition of Revela, a biotech company focused on the development of new molecules for beauty and wellness, with two novel molecules already in the market to address hair loss and skin improvement/anti-aging.

KeyBanc Capital Markets served as Co-Manager on the $172.5 million Follow-On Offering of 11,500,000 shares, including over-allotment, of Integral Ad Science Holding Corp. (IAS or the Company).

IAS (NASDAQ: IAS) is a leading digital media quality company offering advertising measurement, optimization, and publisher solutions. The Company's mission is to be the global benchmark for trust and transparency in digital media quality for the world's leading brands, publishers, and platforms. With IAS's cloud-based technology platform and the actionable insights it provides, the Company delivers independent measurement and verification of digital advertising across all devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video.

KeyBanc Capital Markets served as Co-Manager on the $313.5 million Follow-On Offering of 13,750,000 shares, including over-allotment, of Bumble Inc. (Bumble or the Company).

Bumble (NASDAQ: BMBL) operates three apps, Bumble, Badoo and Fruitz, where during 2022, on average, over 40 million users came on a monthly basis to discover new people and connect with each other in a safe, secure, and empowering environment. The Company’s apps monetize via a freemium model, where the use of the service is free and a subset of the users pay for subscriptions or in-app purchases to access premium features. Bumble is a leader in the online dating space, which has become increasingly popular over the last decade and has been cited as the most common way for new couples to meet in the United States.

On February 8, 2023, Nextracker Inc. (Nextracker or the Company) priced their Initial Public Offering which featured a base offering of $638 million that grew to $734 million after the overallotment option was exercised. The Company plans to use net proceeds from the offering to purchase LLC commons units from Yuma (a subsidiary of Flex, which is the parent company of Nextracker). KeyBanc Capital Markets served as a Joint Bookrunner on the transaction.

On January 25, 2023, KeyBanc Capital Markets (KBCM) successfully advised OpenAsset Enterprises (OpenAsset) on its investment from Marlin Equity Partners (Marlin). KBCM served as Exclusive Financial Advisor.

OpenAsset is the leading provider of Digital Asset Management (DAM) to the Architecture, Engineering and Construction (AEC) industry. Purpose built, AI-enhanced search tools enable OpenAsset users to organize assets by projects and employees. Users can create highly flexible and automated marketing collateral, such as custom image and document templates, project and building spotlights, and more. Industry specific integrations with technology providers in the AEC industry improve marketing efficiency and help customers win new business. OpenAsset has offices in London and New York.

Marlin Equity Partners is a global investment firm with over $8.5 billion of capital under management. Marlin is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships, and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 200 acquisitions. Marlin is headquartered in Los Angeles, California, with an additional office in London.

On January 3, 2023, KeyBanc Capital Markets (KBCM) successfully closed the syndication of $1.75 billion Senior Secured Credit Facilities consisting of a five-year, $1.25 billion Revolving Credit Facility and a five-year, $500 million Term Loan for PTC, Inc. (PTC or the Company).

Proceeds from the Senior Secured Credit Facilities will be used to fund the acquisition of ServiceMax Inc. and for general corporate purposes. KBCM acted as Joint Lead Arranger, Joint Bookrunner, and Co-Syndication Agent on the transaction.

Founded in 1985 and headquartered in Needham, Massachusetts, PTC (NASDAQ: PTC) is a global software company that provides a portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced. The Company's software portfolio includes award-winning offerings in the computer-aided design and product lifecycle management markets that can be delivered on premises, in the cloud, or in a hybrid model. PTC's customer base includes some of the world's most innovative manufacturers in the aerospace and defense, automotive, electronics and high tech, industrial machinery and equipment, life sciences, retail, and consumer products industries.