NexPhase Capital, LP’s Investment in Brandt Information Services, LLC

Lowenstein Sandler represented NexPhase Capital, LP (NexPhase) in its equity stake investment in Brandt Information Services, LLC (Brandt).

NexPhase is an independent private equity firm making investments in growth-oriented companies in the consumer, health care, industrial services, and software sectors. Brandt is a provider of Software-as-a-Service (SaaS) recreational licensing solutions for local, state, and federal government agencies to administer the issuance of fishing, hunting, and other recreational licenses and permits.

NexPhase’s investment will boost Brandt’s ability to leverage its superior technology to meet the growing demand for recreational licenses and to innovate software solutions that streamline the licensing process. For NexPhase, the investment enables the firm to assist Brandt in executing strategic and operational initiatives aimed at capturing market share, enhancing client relationships, and increasing overall business. It also fits well with the firm’s growing portfolio of software companies.

A fast-growing provider of recreational licensing software solutions, Brandt leverages an innovative SaaS platform and extensive domain expertise to help government agency customers enhance revenue streams, drive efficiency, and reduce costs by digitizing and automating manual processes and workflows. Brandt also offers state transportation agency permitting services as well as information technology staffing and consulting services for state and local government agencies.

NexPhase focuses on entrepreneur-owned, lower middle market companies. The firm was formed by the former principals of Moelis Capital Partners to execute, on an independent basis, the same operationally focused strategy of completing control investments in companies to create value through dedicated operating resources, new sales channels, and effective partnerships. It advises $1.2 billion of private equity capital, including through a strategic sub-advising relationship with Moelis Asset Management.

Lowenstein Sandler provided legal counsel to NexPhase, and VRA Partners, LLC acted as financial adviser to the company.

The Lowenstein team was led by Christopher C. Henry (Picture), Lynda A. Bennett, Lowell A. Citron, Andrew E. Graw, Vanessa A. Ignacio, Christine Osvald-Mruz, Matt Savare, Jeffrey M. Shapiro, Michael Walutes, Jack Sidorov, Daniel A. Suckerman, Julie Levinson Werner, Annie Nazarian Davydov, Bettina C. Elstroth, Darren Goodman, Matthew P. Hintz, Eric Jesse, Marc S. Kurzweil, Nicholas Gonski, Sofia Kopelevich, Megan Monson, Leah Satlin, and Jacob D. Unger.

Involved fees earner: Christopher Henry – Lowenstein Sandler LLP; Jeffrey Shapiro – Lowenstein Sandler LLP; Annie Nazarian Davydov – Lowenstein Sandler LLP; Nicholas Gonski – Lowenstein Sandler LLP; Leah Satlin – Lowenstein Sandler LLP; Jacob Unger – Lowenstein Sandler LLP; Lynda Bennett – Lowenstein Sandler LLP; Matt Savare – Lowenstein Sandler LLP; Matthew Hintz – Lowenstein Sandler LLP; Sofia Kopelevich – Lowenstein Sandler LLP; Lowell Citron – Lowenstein Sandler LLP; Marc Kurzweil – Lowenstein Sandler LLP; Andrew Graw – Lowenstein Sandler LLP; Christine Osvald-Mruz – Lowenstein Sandler LLP; Julie Levinson Werner – Lowenstein Sandler LLP; Darren Goodman – Lowenstein Sandler LLP; Megan Monson – Lowenstein Sandler LLP; Vanessa Ignacio – Lowenstein Sandler LLP; Michael Walutes – Lowenstein Sandler LLP; Jack Sidorov – Lowenstein Sandler LLP; Daniel Suckerman – Lowenstein Sandler LLP; Bettina Elstroth – Lowenstein Sandler LLP; Eric Jesse – Lowenstein Sandler LLP;

Law Firms: Lowenstein Sandler LLP;

Clients: NexPhase Capital;

Author: Ambrogio Visconti