Morgan Stanley Expansion Capital is a private investment platform targeting late-stage growth equity and credit investments in technology, healthcare, consumer, digital media and other high-growth sectors.
We specialize in making equity and credit investments in technology and other high-growth sectors, such as healthcare, digital media, e-commerce, consumer and business services. Our team predominantly invests in North America and Western Europe. Our focus is on late-stage private companies, largely with established products and services addressing established markets seeking capital to scale revenue and expand business operations.
In addition to capital, the team relies on its industry experience to drive strategic growth, improve board governance, optimize capital structures, enhance operational efficiency, recruit senior executives and advise on strategic and financial liquidity. We seek to leverage the Morgan Stanley global brand, insights, resources and relationships in all our investment activities.
Investments typically range from $10 million - $25 million per transaction but there may be additional size flexibility through syndicate and co-investor relationships. Morgan Stanley Expansion Capital typically leads investments, but will also co-lead and participate in syndicated opportunities.
We generally do not take controlling ownership positions, so our investment strategy is predicated upon a partnership framework with founders, management teams and fellow investors. Value creation is driven by growth with a particular focus on capital efficiency and demonstrated unit economics.
Expansion Capital’s Advisory Partners provide an additional resource across our investment portfolio. Advisory Partners often participate in the examination of investment opportunities, serve on company boards, share their market and business insights and consult with portfolio founders and management to drive growth throughout the life cycle of an investment.
Morgan Stanley Expansion Capital and its predecessors have invested in the growth sectors for over three decades. We believe we are unique in our ability to offer private equity or credit investment to late-stage growth companies with the flexibility to lead or syndicate investments. Our investment team and our portfolio companies benefit from Morgan Stanley's global resources, network and franchise. Our long tenure and unique relationship with Morgan Stanley affords our portfolio companies unparalleled access to thought leaders, industry experts, operational expertise and managerial talent. We believe that our experience and reputation enables us to build market leaders which are more valuable and better positioned, and thus able to drive outcomes which maximize exit value for our companies and our investors.
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Virginia-based Decisiv is the provider of the largest asset service management ecosystem for the commercial vehicle industry. The Decisiv Service Relationship Management (SRM) platform is the foundation for the nearly 5,000 service locations across North America that manage more than 4 million service and repair events for commercial vehicles annually.
DataGuard is a Software-as-a-Service company focused on privacy, information security, and compliance. DataGuard is the trusted partner to over 3,000 mid-sized enterprises (SME) and corporates operating in over 50 countries. Customers use the DataGuard platform to comply with regulation (e.g., GDPR, CCPA, EU Whistleblower Directive) and obtain information security certifications (e.g., ISO 27001, TISAX, SOC 2). DataGuard’s end-to-end solution drastically reduces the time and money companies spend to keep their personal data protected, their information and assets secure, and their business processes compliant. This enables them to build trust, mitigate risks, prevent breaches, and achieve their business goals.
Dealpath provides deal management software for the real estate industry serving real estate investors, investment managers, property developers / owners, REITs, and other corporations. The company’s platform is designed to manage all aspects of the deal process allowing users to centralize and standardize deal data, automate workflows and eliminate manual processes, and enhance collaboration both within and across organizations.
Van Leeuwen Ice Cream was launched out of a buttery yellow ice cream truck in 2008 by Laura O’Neill and brothers Ben and Pete Van Leeuwen. The trio set out to revive the classic American ice cream truck, using exceptional ingredients and techniques. In just a decade, the beloved Brooklyn-based company has grown to include scoop shops and trucks across NYC and LA and sells pints in over 2000 stores across the country, including Whole Foods Market, Sprouts, Safeway, Kings.
Bluestone Lane is an Australian-influenced hospitality and lifestyle brand centered on providing authentic, premium coffee and café experiences. Since opening its first location in July 2013, Bluestone Lane has become the fastest-growing premium coffee and café brand in New York City, having opened 30 locations across New York, San Francisco, Los Angeles, Washington D.C., Philadelphia and New Jersey and a flagship coffee roastery and production facility in Brooklyn, New York.
Scale Computing is a leader in edge computing, virtualization, and hyperconverged solutions. Scale Computing software eliminates the need for traditional virtualization software, disaster recovery software, servers, and shared storage, replacing these with a fully integrated, highly available system for running applications. Using patented HyperCore™ technology, the self-healing platform automatically identifies, mitigates, and corrects infrastructure problems in real-time, enabling applications to achieve maximum uptime. When ease-of-use, high availability, and TCO matter, Scale Computing is the ideal infrastructure platform.
Platform.sh is a unified, secure, enterprise-grade platform for building, running and scaling web applications. Founded in 2015, the company is headquartered in Paris and San Francisco. Platform.sh employs 340 people across 36 countries and is available in Europe, the United States and Asia, through global partnerships with AWS, GCP, Azure and OVHcloud.
Phrasee revolutionizes customer experiences by optimizing the language brands use across the full customer journey. Its AI-powered SaaS platform brings together natural language generation, machine learning and dynamic optimization, making Phrasee the only provider of its kind to generate, optimize, automate, and analyze language in real time. Phrasee boosts customer engagement and increases lifetime value for the world's leading B2C brands – including Domino's, eBay, FARFETCH, Groupon, Party City and Walgreens – all while adhering to companies' unique brand standards and voice. Today, over 1 billion people across four continents have responded to Phrasee-generated language.
ComplianceMetric ("CMX") is a tech startup that provides a platform to enable companies to gain control and transparency over their supply chains. Leading brands trust CMX's cloud-based Enterprise Quality Management Software (EQMS) CMX1 to help them achieve and maintain Operational and Quality Excellence. For over a decade, CMX has led the market with the most comprehensive, user-friendly, cloud-based EQMS platform for food and consumer brands. It’s the only enterprise solution to effectively combine supply chain quality and operational excellence into a single, fully configurable operating platform.
Founded in 2011 and based in San Diego, California, Classy, Inc. provides fundraising software to nonprofit organizations and social enterprises. The Company’s software platform includes a fundraising suite that offers various modules such as campaign management, customer relationship management, automated engagement and reporting / analytics.
The Lifetime Value Co. ("LTV") is an information services technology platform comprising a portfolio of brands that provide easy access to information to help make all of life’s decisions, big and small. LTV’s brands include best-in-class web-based and mobile products that put the power of data into the hands of customers. Millions of people trust LTV for insight into people, properties, businesses, and vehicles. LTV is powered by its global team of 150 employees.
OpsRamp was founded in 2014 and is based in San Jose, California. The company provides cloud-based IT operations management SaaS solutions for observability of infrastructure, application, and network performance metrics. OpsRamp’s solution is horizontal, with broad applicability across a number of enterprise end-markets, including the Life Sciences, Information Technology, Financial Services, and Telecommunications industries.
Founded in 2002 and based in San Jose, California, cPacket Networks, Inc. is a provider of high-speed network performance monitoring and security solutions. The Company’s custom ASIC and FPGA-powered systems and software enables their customers to enjoy greater control, visibility, and performance within complex networking environments operating at the highest speeds currently deployed.
Alternative Behavior Strategies, Inc. was founded in 2011 and is based in Salt Lake City, Utah. The Company offers Applied Behavior Analysis (ABA) therapy in the home, as well as other services such as speech and occupational therapy in clinic settings. The Company’s primary ABA therapy services are provided by an in-house workforce consisting of over 50 Board Certified Behavior Analysts (BCBAs) and over 375 part-time Behavior Interventionists (BIs), treating patients in Utah, North Carolina and California.
Medsphere Systems Corporation is a Carlsbad, CA-based provider of healthcare IT solutions, including electronic health record, practice management and revenue cycle management solutions. The company serves small / medium sized inpatient, ambulatory centers and physician practices within the acute care, outpatient and behavioral health markets.
Integral Development Corp. is a financial technology company that helps its customers, including banks, retail brokers, and asset managers, outperform their competition in the foreign exchange (FX) market through innovative solutions for workflow management and advanced execution. Founded in 1993 and based in Palo Alto, CA, Integral maintains development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore.
VizExplorer is a business intelligence software company headquartered in San Diego, California. Via its proprietary visualization technology, the company offers operational intelligence solutions to enterprise customers within the regulated, land-based gaming and entertainment verticals to provide gaming floor optimization, visitor behavior analytics and customer marketing.
Quentic (formerly EcoIntense GmbH) provides environmental, health and safety software solutions for businesses to drive down costs and maximize performance.
RocketLawyer is an online legal destination website for individuals and small businesses.
Lightbend provides an opensource platform for building reactive applications for the JVM, consisting of the Play Framework, Akka middleware and Scala programming langua, with additional supporting products and development tools such as the Slick database library for Scala and the sbt build tool. Lightbend also provides training, consulting and commercial support on the platform.
Provider of cloud-managed enterprise WiFi solutions to large- and medium-sized enterprises, higher education and primary schools.
XSInc provides e-commerce and data management solutions for the life science and agricultural industries.
E2open (NASDAQ:EOPN) is a global computer, electronics and telecommunications e-marketplace.
Provides ultrasound accelerated drug delivery catheters for rapid dissolution of blood clots. Acquired by BTG plc, (LSE:BTG).
Sendmail is an internet mail platform with leading infrastructure solutions. Acquired by Proofpoint, Inc. (NASDAQ:PFPT).
Internap (NASDAQ:INAP) provides internet connectivity services.
Arcadian Management provides Medicare Advantage to underserved markets. Acquired by Humana (NYSE:HUM).
SouthernCare is a provider of hospice services. Acquired by Kohlberg & Co.
Constant Contact (NASDAQ:CTCT) develops e-mail marketing solutions.
Biotechnology company focused on neurological disorders. Acquired by US WorldMeds.
Developer of equipment for medical device companies.
Provides minimally invasive therapies for pulmonary disesases.
SPSS provides statistical data analysis software. (NASDAQ:SPSS), acquired by IBM (NYSE:IBM).
Provider of software for project-driven companies and departments.
Creates products and services in data networking technology for internet networks.
Provides internet security management software and services. Acquired by British Telephone Group, (NYSE:BT).
Medsite creates educational and promotional solutions for the healthcare industry. Acquired by WebMD, (Nasdaq:WBMD).
Develops computer-aided diagnostic systems for use in radiology. Acquired by Hologic (NASDAQ:HOLX).
Develops radiofrequency ablation devices for minimally invasive cancer treatment. (NASDAQ:RITA), since acquired by AngioDynamics (NASDQ:ANGO).
Bowstreet was a leading provider of portal-based tools and technology. Acquired by IBM (NYSE:IBM).
Cross Country Staffing (NASDAQ:CCRN) provides healthcare staffing services.
An application service provider (ASP) for enterprise software solutions.
Creates web-based content, tools and services for the education market.
Develops nitric oxide enhanced medicines. (NASDAQ:NTMD).
Yantra is an eBusiness software for managing high volume transactions. Acquired by Sterling Commerce, a division of IBM (NYSE:IBM).
Evolving Systems (NASDAQ:EVOL) is a telecom software solutions vendor.
Provides corporate IP services in Italy.
Provides patient transportation services.
A business-to-business marketplace focusing on small- to mid-sized businesses.
Business-to-business company focused on the design and construction market. Acquired by Autodesk.
Provides datacom consulting and web-based training and support
Creates document and workflow management systems.
Provides IT services to middle-market/large enterprise customers.
Information provider for the internet economy.
E-commerce company focused on the shoe industry.
Provides real estate information on the internet.
Tallán is an e-Services provider. Acquired by CMGI (NASDAQ:CMGI)
Provider of integrated healthcare information systems.
Provides image management software. Now ScanSoft (NASDAQ:SSFT).
Developer of multimedia devices for PCs called MPACT! Acquired by ATI Technologies.
Develops software applications for use in plant lifecycle management.
Produces small peptide therapeutics to treat pain.
Manager of child care centers and pre-school programs.
Business-to-business marketplace for chemical companies. Acquired by ICE.
Develops network management software.
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Makes privately negotiated later-stage investments in technology, health care, consumer, and other sectors.
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Makes privately negotiated later-stage investments in technology, health care, consumer, and other sectors. |
As of 10/30/2021. Team and portfolio information may change from time to time.
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CRC# 1889570 Expiration Date: 10/1/2018