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FT Partners Advises Chrome River Technologies on its $100mm Financing

Overview of Transaction

  • On June 30, 2015, Chrome River announced a minority $100mm Series D financing round from Great Hill Partners
  • Chrome River is a leading, independent, enterprise-grade SaaS corporate expense control solution provider
  • The Company's integrated expense and invoice offerings are built on a scalable, flexible platform that delivers best-in-class solutions to mid-size and multinational corporations
  • Great Hill Partners is a leading middle market private equity firm with over $3.8bn in capital under management
  • Bain Capital Ventures maintains a significant ownership stake in the Company

Significance of Transaction

  • The transaction will further help Chrome River expand as the leading independent solution provider in the space and help fund international development and product innovation
  • Firmly positions the Company to capitalize on strong traction in the large enterprise space and to continue to bring much needed efficiency and financial controls to the market

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Chrome River and its Board of Directors
  • FT Partners leveraged its deep knowledge of the Company, extensive experience and broad industry relationships to help achieve a highly favorable outcome for the Company
  • Transaction demonstrates FT Partners' continued success advising top-tier financial technology companies