Harris Williams & Co. Advises nCourt on its Sale to Providence Strategic Growth and Greater Sum Ventures
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the sale of nCourt, a portfolio company of Mainsail Partners (Mainsail), to Providence Strategic Growth (PSG), an affiliate of Providence Equity Partners (Providence), and Greater Sum Ventures (GSV). Harris Williams & Co. served as the exclusive advisor to nCourt. The transaction was led by Tyler Dewing, Mike Wilkins, Andy Leed and Mike Quealy of the firm’s Technology, Media & Telecom (TMT) Group.
Choate Hall & Stewart LLP (Choate) served as legal counsel for nCourt, while Weil, Gotshal & Manges LLP (Weil) served as legal counsel to PSG and GSV in the transaction.
nCourt connects government entities and the public through an integrated SaaS civic engagement and payments platform that facilitates secure, efficient and easy interactions. The company’s solutions improve the operational efficiencies and revenue generation capacity of government entities by streamlining payments and reporting through intuitive web and mobile applications. nCourt empowers government entities of all sizes and types to engage more effectively with an increasingly tech-savvy public. The company is headquartered in Atlanta, Georgia.
Mainsail is a growth equity firm that invests exclusively in bootstrapped software companies. The San Francisco-based firm has a team of experienced operating professionals to help entrepreneurs scale their businesses and accelerate growth. The firm has raised more than $750 million in committed capital since inception.
Established in 2014, PSG focuses on growth equity investments in lower-middle market software and technology-enabled service companies, primarily in North America. Providence is a premier, global asset management firm with $50 billion in capital under management across complementary private equity and credit businesses.
GSV is an operationally-focused, long-term equity investor that provides transformational capital to growth-oriented software/SaaS, technology-enabled information services and technology-enabled business services companies. GSV is headquartered in Knoxville, Tennessee.
Harris Williams & Co., a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.