PPC Advises Lexington Solutions on Transaction with Taazaa

Lexington Solutions is the developer of Fusion, an industry-leading software solution utilized by institutional real estate asset management firms for portfolio management, asset performance measurement, and compliance reporting. A wholly-owned subsidiary of Boston Capital, Lexington Solutions created the Fusion software product to provide an integrated offering that provides customizable reporting, construction and lease-up monitoring, tax credit calculation and measurement, financial statement analysis, and a host of other capabilities within a single SaaS platform.

As the Fusion product continued to evolve, Boston Capital sought to divest of this business unit to support its core business strategy. Through an introduction by Boston Capital’s accounting firm, Promontory Point Capital was introduced to company leadership, and shortly thereafter, PPC was engaged to explore strategic alternatives for the Lexington Solutions subsidiary. Given prior M&A experience advising software and business services enterprises, PPC quickly approached a targeted group of software and technology companies where the acquisition of the Fusion product would augment existing markets of interest. In December of 2020 Promontory Point Capital successfully arranged for the sale of this business to Taazaa, a product engineering and software company serving real estate and other complementary markets, representing another successful Done Deal for PPC.

Promontory Point Capital is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 150 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:

Ownership Planning, including Transition & Liquidity Goals: We are frequently introduced to owners or senior management teams when owners are interested in learning about their options involving a potential sale of all or a portion of their business. We have arranged transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.

Financing, Refinancing, & Debt Restructuring: A company may have either short-term or long-term funding needs that are beyond the comfort zone of its existing senior bank lender. PPC arranges capital for companies including senior bank debt, non-bank debt, subordinated debt, sale-leaseback, and other forms of institutional funding to fund growth, acquisitions, shareholder redemptions, management buyouts, and other corporate purposes.

Strategic Growth/M&A: A company may have an interest in growing and expanding by acquisition or strategic joint venture and wish to have an initial conversation regarding their strategic growth objectives.

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www.promontorypointcapital.com for more information on our organization's capabilities and numerous other client successes.