85 Advisors acts as exclusive financial advisor to ClubExpress on its sale to Lumaverse Technologies
NEW YORK, NY – June 16, 2022 – 85 Advisors is pleased to announce the sale of ClubExpress – a leading provider of club and association management software – to Lumaverse Technologies, a portfolio company of L Squared Capital Partners and PSG.
Founded in 2003, ClubExpress provides SaaS-based association management software that enables member-based organizations to manage their entire front and back-office operations. More than 2,000 clubs and associations use ClubExpress’ platform for member management, marketing, communications, organizational administration and management, and payment facilitation.
Lumaverse tools empower schools, nonprofits, and businesses to streamline group management and coordination. Products include leading solutions in these areas: online sign ups, appointment scheduling, registration, volunteer and event management, membership and donor management, crowdfunding, and auctions. Nearly 200 million people engaged with Lumaverse software in the last twelve months, using the tools to accomplish their mission and impact their communities.
85 Advisors acted as exclusive financial advisor to ClubExpress in connection with the transaction. Financial terms were not disclosed.
A link to the Lumaverse press release announcing the transaction is available here.
About 85 Advisors
85 Advisors is a strategic and financial advisory firm that helps technology companies plan, analyze and execute successful growth, financing, and M&A strategies. We work closely with our clients' senior management and board of directors to evaluate, plan and execute myriad strategic alternatives, including mergers, acquisitions, financings, joint ventures, and divestitures. Our focus and expertise extend beyond traditional investment banking services and, accordingly, we serve as a trusted and objective advisor to growth-stage and middle market technology companies on a variety of investment, growth, and operational matters. Our recommendations are informed by our extensive domain expertise paired with rigorous analysis of relevant macro, industry, company- and situation-specific factors. To this end, we have a strong track record of anticipating disruptive trends and changes in the competitive dynamics within the IT sector and advising our clients on how to exploit these shifts proactively.