Candor and Simplicity
is in our veins.
"Solen has infused the organization with the resources needed to further growth of the company and they’ve provided a stable, secure future for the team."
Mike Hughes,
Founder and CEO at Track Star
We think in decades.
Making buy-and-hold majority investments in hyper-niche, mission critical software companies.
Building trust.
Our investment approach emphasizes fostering trust and ensuring shared goals. We can finalize partnerships swiftly to reduce disruptions for you and your team.
Rapid decisiveness.
We decide quickly. We recognize the importance of your time. We commit to replying to all inquiries within 24 hours and are capable of making prompt investment decisions.
Collaborative structure.
We approach investments with a partnership mindset. We can be adaptable in the term we offer and will collaborate with you to establish a framework and post-acquisition role that suits your needs and wants.
Fair valuation.
We specialize in acquiring thriving businesses and possess a deep understanding of market valuations. While compatibility is crucial, we also recognize the significance of the right valuation arithmetic.
Our operating history.
Investments & acquisitions
100+
Our team has invested in more than 100 middle-market PE buyouts.
LOI and closing maximum
60
days
We're stubbornly committed to a maximum of sixty days between LOI and closing.
Experience
50+
years
Our team has over fifty years of SaaS building and operating experience.
what we look for
Matching our criteria.
Mission critical
We look for companies that are hyper-niche, mission-critical software.
Industry specific
Durable market leadership in respective niche or geography.
High retention
Exceptional customer relationships characterized by high retention.
Character
Engaged and committed teams with unwavering character.
Our Select companies
We touch a wide range of industries, such as government, energy and utilities, financial services, fleet management, and healthcare.
Investment Criteria by the Numbers.
Growth*
10-50%
We look for growing, healthy SaaS businesses. If you're not there, let's create a plan to get there.
*not required.
Annual Retention
90%+
We prioritize high Gross Revenue Retention (90%+) and Low Churn (<10%) on a cohort basis with happy, sticky customers.
Profit Margin*
10-40%
We focus on either achieving profitability or having a clear plan to get there.
*not required.
Recurring Software Revenue
70%+
Our strike zone is growing, profitable SaaS companies with +70% annual recurring revenues.
ARR
$2-30M
We're all about long-term success, and if you're not there yet, let's build a relationship to get you there.
Location Agnostic
We are agnostic to geography, industry, and whether founders stay as part of our growth plans or leave to start their next venture.
Understanding your future.
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Messy books can be challenging.
With a deep understanding of financial systems, tackling and organizing messy financial books becomes a straightforward process.
Percentage of revenue that is recurring SaaS.
Knowing the percentage of revenue that is recurring SaaS is essential for evaluating the stability and predictability of the company's revenue stream.
Profitability in the last three years.
Understanding the historical financials from the last three years is crucial for assessing the company's financial health, performance trends, and growth potential accurately.
Your business in the future.
Identifying the strengths, weaknesses, opportunities, and threats is crucial for developing a comprehensive strategy that leverages advantages, addresses challenges, and capitalizes on potential opportunities.
Different revenue types.
Understanding the difference between ARR and non-recurring revenue is essential for evaluating the stability and predictability of the company’s income and assessing its overall financial health.
Customer churn.
Knowing the customer churn rate over the last three years is vital for assessing the company's ability to retain customers and identifying potential issues affecting long-term growth.
Frequently Asked Questions.
Still have questions? Reach out and we’re happy to answer your questions with complete confidentiality.
We are flexible and don’t have a one-size-fits-all approach when it comes to founder involvement post-transaction. Join us and help take the business to new heights or move on to your next adventure. Either way, we are here to preserve and build upon what you’ve built, and that means doing right by your team.
We can provide you with liquidity for the business you’ve built through a painless process that won’t waste your time. We are a team of experienced operators that can scale and sustain your business over the long term while you take some chips off the table.
We’re here to make the process of a full or partial cash-out of your business as painless as possible. We can work collaboratively to build a P&L and answer the questions we’ll need to check off before closing in a streamlined manner.
Great entrepreneurs and businesses can be found in all corners of the world. We will never force you or your team to relocate to work with us.
We are flexible and don’t have a one-size-fits-all approach when it comes to founder involvement post-transaction. Join us and help take the business to new heights or move on to your next adventure. Either way, we are here to preserve and build upon what you’ve built, and that means doing right by your team.
We pride ourselves on moving fast, and can go from first meeting to funding payouts in 60-90 days. Our committed capital structure allows us to make all decisions in-house and not wait for approvals and rubber-stamping.
