Cuadrilla Capital has recapitalized Chartbeat
Chartbeat
Chartbeat is a leading end-to-end media operations software platform. The Chartbeat platform provides content analytics and revenue management software across the digital media landscape to increase audience engagement and loyalty, inform editorial decision-making and accelerate advertising and subscription revenue growth. Following Chartbeat’s acquisitions of Lineup Systems and Tubular Labs in 2023, the company has developed into an extended and scaled platform with an expanded product suite and global media go-to-market strategy across more than 1,000 customers in 70 countries.
The Deal
Cuadrilla Capital retained Lincoln International as the exclusive investment banking representative to arrange a recapitalization of Chartbeat. The Sponsor was interested in bringing on a new capital partner to support the company’s growth strategy, including its add-on M&A roadmap, and was open to evaluating multiple capital structures to ensure an optimal financing solution. Lincoln was able to facilitate the recapitalization with structured capital through an attractive partner, while leaving the current senior debt facility in place, which was a priority to Cuadrilla.
Our Perspective
Mihir Shah, Lincoln International Managing Director who led the transaction, commented, “Lincoln was excited to advise Cuadrilla on the recapitalization of Chartbeat and wishes the team continued success. The transaction demonstrated our commitment to supporting world class management teams and delivering outlier results for our clients.”
Cuadrilla Capital
Cuadrilla is a leading enterprise software investment firm with more than $500 million of assets under management. Cuadrilla executes control buyouts in the lower middle market, partnering with exceptional software as a service companies with strong product-market fit and significant strategic value to drive accelerated growth and long-term success. Cuadrilla is based in Santa Barbara, California and was founded in 2021.
Lincoln exemplified their capital markets expertise in securing an economically attractive solution that will position the company for continued success. Lincoln is a trusted advisor and demonstrated their capabilities to lead a robust process, which allowed the team to continue to focus on operating and growing the business.
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