On May 6, 2020, Corcentric, a provider of cloud-based financial process automation solutions, announced a significant minority growth equity investment from New York-based private equity firm, Bregal Sagemount. Wilson Sonsini Goodrich & Rosati represented Corcentric in the transaction.

According to the news release, the $80 million capital raise will support Corcentric’s product innovation and solution integration efforts as the company continues its global expansion. The investment comes shortly after the company’s recent acquisitions of SourceOne, NetSend, and Determine, making it the industry’s first end-to-end provider of sourcing, group purchasing, procure-to-pay, and order-to-cash solutions. Through its Corcentric Platform, Corcentric empowers companies to spend smarter, optimize cash flow, and realize significant value.

The Wilson Sonsini team advising Corcentric includes the following attorneys:

Corporate
Michael Labriola, Partner
Mark Bass, Partner
John Lynch, Associate
Courtney Matteson, Associate
Alex Moffitt, Associate

Corporate Finance
Dana Hall, Partner

Tax
Derek Wallace, Of Counsel

Please see Corcentric’s press release for more information.