K1 Investment Management has sold TeamDynamix to Level Equity
TeamDynamix
Founded in 2001, TeamDynamix is a Software as a Service enterprise automation platform comprised of information technology service management, project portfolio management and integration Platform as a Service capabilities. The company’s solution set offers its customers a unique value proposition, enterprise grade automation at a middle market total cost of ownership. TeamDynamix successfully evolved from its origins as a higher education, small and mid-size business-focused platform into an enterprise solution that serves a diverse customer base.
The Deal
K1 Investment Management will roll a material portion of its proceeds into the newly capitalized business and remain a significant equity holder alongside Level Equity. Lincoln International acted as the exclusive financial advisor to K1 and TeamDynamix, working closely with the management team and shareholders. Terms of the transaction were not publicly disclosed.
Our Perspective
Scott Twibell, Managing Director and co-head of Lincoln’s Technology, Media & Telecom Group, commented, “We are excited to have once again worked with K1 and TeamDynamix in this important transaction. TeamDynamix’s best-in-class enterprise automation platform is very well-positioned to continue its rapid growth over the coming years under the combined guidance of Level Equity and K1.”
K1 Investment Management
K1 is a global investment firm that builds category-leading enterprise software companies. K1 partners with strong management teams of high-growth technology businesses to help them achieve successful outcomes. With more than 140 professionals, K1 and its operating affiliate, K1 Operations LLC, change industry landscapes with operationally focused growth strategies designed to rapidly scale portfolio companies. Since the inception of the firm, K1 has partnered with 210 enterprise software companies.
Level Equity
Level Equity is a leading middle market growth capital firm with target industries focused on technology-enabled arenas. Level invests up and down the capital structure with companies of all sizes and end markets and geographies ranging from North America to Europe, Oceania and more.
Lincoln’s hands-on approach and deep domain expertise in application software were instrumental to our successful sale process. Their thoughtful strategy allowed us to secure a great outcome for the company’s shareholders while also finding the best partner to help K1 and management drive continued future growth.
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