Primus Capital Partners has sold Netchex to GrowthCurve Capital

Netchex

Netchex offers businesses a comprehensive, cloud-based suite of payroll, human resources (HR) and benefit administrative services backed by dedicated support specialists. Regardless of the number of employees or payroll complexity, Netchex can tailor HR technology solutions to fit an organization’s needs. This rare combination of comprehensive payroll software solutions, dedicated support and flexible offerings helps companies easily manage employee engagement and simplify the entire payroll process. For more information, please visit www.netchex.com.

The Deal

Netchex was seeking a partner to support its next stage of growth within the rapidly expanding human capital management and payroll software markets. Lincoln International acted as the exclusive financial advisor to Primus Capital Partners and Netchex, leveraging its deep domain expertise to drive an efficient, tailored process, ensuring speed, certainty and favorable terms for the company’s management team and shareholders. GrowthCurve Capital’s investment will enable Netchex to further accelerate its artificial intelligence strategy, including the development of new data analytics products, support of the launch of new business lines and expansion into new markets.

Our Perspective

Chris Cavanaugh, Managing Director in Lincoln’s Technology, Media & Telecom Group, commented, “Netchex has built a highly differentiated platform within the human capital management technology landscape, especially in payroll software, and we are very proud to have advised Primus and Management on the sale of the company. GrowthCurve’s deep knowledge in the intersection of data analytics and human capital make it an excellent partner for Netchex and we are looking forward to seeing the company’s continued market leadership under this new partnership.”

Primus Capital Partners

Primus is a growth-oriented private equity (PE) firm focused on investing in leading healthcare, software and technology-enabled companies. The firm partners with exceptional management teams to accelerate growth, improve operating performance and increase the value of the companies in which it invests. The types of transactions Primus pursues include buyouts, control and minority recapitalizations, secondary share purchases and expansion financings. This flexible approach enables the firm to engage with business owners and design tailored investment structures to meet the particular needs of the transaction. For more information, please visit www.primuscapital.com.

GrowthCurve Capital

GrowthCurve is a PE firm focused on building world-class businesses by leveraging data, analytics and machine learning, combined with a comprehensive approach to human capital to accelerate growth and drive value creation. Founded by Sumit Rajpal, former global co-head of the Goldman Sachs merchant banking division, the firm focuses on control-oriented PE investments primarily across the financial and information services, healthcare and technology sectors. For more information, please visit www.growthcurvecapital.com.

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