Press Release May 06, 2020

Bregal Sagemount Completes $80 Million Growth Equity Investment in Corcentric

The Private Equity team advised Bregal Sagemount on its $80 million minority growth equity investment in Corcentric. 
 
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. 
 
Corcentric is a leading provider of business spend management and revenue management software and services. 
 
The 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.
 
The Goodwin team was led by Jared Spitalnick, Kristina Wahidullah and Aaron Prince
 
For more details, read the press release.