Bregal Sagemount’s $80 Million Investment in Corcentric

Sagemount’s investment was led by Gene Yoon, Jon Sonnenschein, Arjun Mehta, and Connor Pams. BofA Securities and MidMarket Capital Advisors acted as financial advisors and Wilson Sonsini Goodrich & Rosati acted as legal advisor to Corcentric. Goodwin Procter provided legal counsel to Bregal Sagemount.

Corcentric, a leading provider of business spend management and revenue management software and services, announced a significant minority growth equity investment from New York-based private equity firm, Bregal Sagemount.

The $80 million capital raise will support Corcentric’s product innovation and solution integration efforts as the company continues its global expansion; helping businesses reduce costs and spend more efficiently.

The investment comes on the heels of a busy 24 months for Corcentric, during which the company acquired and integrated SourceOne, NetSend, and Determine to become the industry’s first end-to-end provider of sourcing, group purchasing, procure-to-pay, and order-to-cash solutions.

Corcentric is a leading provider of business spend management and revenue management software and services.

Bregal Sagemount is a growth-focused private capital firm with $3.5 billion of committed capital. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors including software, digital infrastructure, healthcare IT / services, business and consumer services, and financial technology / specialty finance.

The Goodwin team was led by Jared Spitalnick (Picture), Kristina Wahidullah and Aaron Prince.

The Wilson Sonsini team advising Corcentric included Michael Labriola, Mark Bass, John Lynch, Courtney Matteson, Alex Moffitt, Christopher Williams, Dana Hall,Stephen Horton and Derek Wallace.

Involved fees earner: Aaron Prince – Goodwin Procter; Jared Spitalnick – Goodwin Procter; Kristina Wahidullah – Goodwin Procter; Mark Bass – Wilson Sonsini Goodrich & Rosati; Dana Hall – Wilson Sonsini Goodrich & Rosati; Stephen Horton – Wilson Sonsini Goodrich & Rosati; Michael Labriola – Wilson Sonsini Goodrich & Rosati; John Lynch – Wilson Sonsini Goodrich & Rosati; Courtney Matteson – Wilson Sonsini Goodrich & Rosati; Alex Moffitt – Wilson Sonsini Goodrich & Rosati; Derek Wallace – Wilson Sonsini Goodrich & Rosati; Christopher Williams – Wilson Sonsini Goodrich & Rosati;

Law Firms: Goodwin Procter; Wilson Sonsini Goodrich & Rosati;

Clients: Bregal Sagemount; Corcentric Inc.;

Author: Ambrogio Visconti