Terminus Capital Partners

Terminus Capital Partners (TCP) is a growth-oriented private equity firm established in 2017, specializing in majority investments within the B2B software sector. The firm targets companies with revenues ranging from $10 million to over $50 million, focusing on businesses headquartered in the U.S. and Canada that demonstrate positive growth, high retention rates (90%+), and positive or focused EBITDA. TCP positions itself as a hands-on partner, leveraging over 30 years and 100+ buyouts of experience in enterprise software to provide operational expertise and strategic guidance to its portfolio companies.

Founded by Alex Western, who serves as the Founder and Managing Partner, Terminus Capital Partners was built on the vision of becoming the premier small-cap B2B software private equity firm. The firm differentiates itself through its software-only expertise, conviction, speed, and certainty in transactions, offering a permanent and flexible capital base. They emphasize a transformative add-on playbook and an operating team dedicated to supporting management, aiming to be the best possible partner to founders, managers, and sellers.

Terminus Capital Partners has made several notable investments in the B2B software space. Their portfolio includes companies such as Delta Data, a provider of pooled investment fund software, and Voxco, an actionable insights software platform. Other investments include Katabat, a global provider of debt management software solutions, and Eventus, a company in the financial software industry. The firm's investment strategy involves working closely with management teams to drive sustainable, long-term value creation through strategic and operational support.

The team at Terminus Capital Partners combines extensive investment and operational experience. The investing team, led by Alex Western, includes professionals with backgrounds from firms like GMT Capital, McKinsey & Co., Audax Group, Noro-Moseley Partners, Marlin Equity Partners, and Francisco Partners. The operating team brings specialized expertise in areas such as organizational and process design, recruiting, QA, SaaS operations, professional services, product architecture, and software engineering, with members having prior experience at ESW Capital, Erste Bank, and various startups.