摩根士丹利基金管理(中国)有限公司 |
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 $15 million - $75 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.
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.
Gozio Health offers an end-to-end, customizable digital health platform exclusively for healthcare systems. Gozio’s extensible mobile platform enables seamless consumer interactions and provides an anytime, anywhere connection to patients that improves their overall experience and access to care. Popular patient engagement features include patented indoor wayfinding with turn-by-turn navigation, virtual visits, physician directories, appointment scheduling, access to electronic health records, Urgent Care and Emergency Department wait-times, and extensive analytics capabilities. Gozio customers surveyed in a 2021 KLAS Research Emerging Technology Spotlight report found 100% satisfaction and improved experience for patients and staff.
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.
Elligo Health Research ("Elligo"), a healthcare-enabling research organization powered by the novel IntElligo Research Stack technology, uses electronic health records and the trusted patient and physician relationship to ensure all patients have access to clinical research as a care option. Elligo directly engages physicians and patients who otherwise would not participate in clinical research and accelerate the development of new pharmaceutical, biotechnology, and medical device and diagnostic products.
airSlate provides a suite of cloud-based forms editing, eSignature and workflow software. The company’s forms editing software enables SMB customers to produce PDF documents ranging from W-2 forms, to I-9 forms, and HR onboarding forms (over 10,000 forms in their library today), edit documents, and then send for eSignature; airSlate’s newest product allows customers to design custom workflows to automate an entire document from production to eSignature. Use cases range from real estate transactions to civil disagreements, clinical workflows, and B2B software deals.
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.
Neo4j, Inc. was founded in 2007 by Emil Eifrem and is based in San Mateo, California. In addition to its US presence, the company has a large technical development center based in Malmo, Sweden. The company pioneered the Graph Platform in the Database Management System (“DBMS”) software market. DBMS is software that enables enterprises to create, retrieve, update and manage distributed, unstructured and complex data in a real time manner. The Graph Platform offered by Neo4j enables solutions that are faster and require less code than traditional databases.
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.
Cohesity, headquartered in Santa Clara, California, is the industry-leading platform for hyperconverged secondary storage solutions. The company was founded by Mohit Aron, the co-founder and former CTO of Nutanix, to provide secondary storage solutions to enterprises for the consolidation, protection and sharing of non-mission critical data assets. Cohesity was founded in 2013, currently has over 500 employees, and has quickly gained scale through innovative products and strong technical leadership.
Founded in 2013 and headquartered in San Francisco, California, Instapage is a leading SaaS provider of website performance optimization solutions which enable unique customization to visitors through easy to build website landing pages and associated performance monitoring and analytic offerings. Using Instapage’s software, customers can reduce their customer acquisition costs and achieve meaningful improvement in “post-click” workflow processes and efficiencies.
Concentra is a UK-based business that offers SaaS solutions for advanced analytics, data visualization and scenario modelling for Human Resources (“HR”), organization design and workforce planning. Its flagship product, OrgVue, provides enterprises improved organization design visualization tools to measure and analyze workforce changes. Concentra’s emerging software solution, SupplyVue, offers supply chain analytics to gain visibility across the entire supply chain.
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.
A leading online marketplace for voiceover talent and other audio products and services.
A leading online retailer of specialized and technical products in the outdoor, optical and laboratory categories.
Digital Clinical Research Organization offering technology-driven clinical trial services to biopharmaceutical and medical device companies conducting Phase 1-4 clinical trials and registries.
Pluribus Networks delivers highly scalable, automated and cost-efficient data center network solutions based on the principles of disaggregation and controllerless SDN automation. The Linux-based Netvisor® ONE operating system and the Adaptive Cloud Fabric™ controllerless SDN software have been purposely built to deliver radically automated networking along with superior economics by leveraging white box switches including Pluribus’ own Freedom™ Series of switches. The Adaptive Cloud Fabric controllerless SDN architecture is optimized to deliver a modern network fabric underlay and overlay across data center sites to support distributed cloud with rich services, automated operations, intrinsic security, comprehensive visibility and no single point of failure. Pluribus is deployed by more than 350 customers, including more than 100 tier one mobile network operators, in mission critical networks around the globe.
Founded in 2009 and based in Encinitas, CA, Ecwid is a leading provider of platform-independent, ecommerce enablement solutions for small businesses (“SMB”). Ecwid’s SaaS platform allows SMB customers to quickly and seamlessly incorporate a fully-featured online storefront to their existing website.
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.
Designs, develops, and markets business application solutions.
A leading developer of consumer products and content for children specifically focused on delivering superior educational content through its Nabi devices.
HighQ is a London-based provider of Software-as-a-Service enterprise software products including secure file sharing, project management and collaboration tools for professional service organizations.
Vigilant is a provider of license plate and facial recognition products and solutions.
Provider of cloud-managed enterprise WiFi solutions to large- and medium-sized enterprises, higher education and primary schools.
Provider of antennas and radio frequency chips to the mobile and Wi-Fi/Set-Top Box OEM market.
XSInc provides e-commerce and data management solutions for the life science and agricultural industries.
Nutanix is a provider of data center convergence software.
A leading provider of innovative cell-based assays and services for drug discovery and development.
Core Security creates security software for enterprise vulnerability assessment. Acquired by Courion.
Good Technology Corporation is a leading provider of multi-platform enterprise mobility solutions. The company’s “Good for Enterprise” and “Good for Government” solutions deliver mobile security and control that allow IT departments to protect the enterprise while allowing end users to connect and collaborate on their mobile phone or tablet of choice in a secure fashion.
Socialware, Inc., based is Austin, TX, is an enterprise Software as a Service provider of enabling regulatory compliant communications utilizing social networking platforms such as LinkedIn, Facebook and Twitter.
Global Custom Commerce, Inc. is the largest North American online retailer of customized window coverings such as blinds, shades, draperies and wallpaper.
Plateau Systems is an enterprise learning management software platform. Acquired by Successfactors, acquired by SAP (NYSE:SAP).
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).
Perceptive Software provides document imaging and workflow software. Acquired by Lexmark International, Inc. (NYSE:LXK).
SouthernCare is a provider of hospice services. Acquired by Kohlberg & Co.
Constant Contact (NASDAQ:CTCT) develops e-mail marketing solutions.
HyPerformix provides predictive IT management. Acquired by CA Technologies (NASDAQ:CA).
Business-to-business e-commerce company focused on petroleum services and equipment.
PeopleClick provides human capital management software. Acquired by Authoria.
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).
Provides laser technology to manufacture active optical components.
Provider of software for project-driven companies and departments.
Business-to-business marketplace for chemical companies. Acquired by ICE.
Creates products and services in data networking technology for internet networks.
LoopNet is a commercial real estate listing service. (NASDAQ:LOOP)
Healogics, previously known as National Healing Corporation, was the second largest wound management company in the U.S.
Avamar provides backup and restore software and systems. Acquired by EMC Corporation (NYSE:EMC).
BenefitMall provides online benefits and health insurance. Acquired by Allied Capital Corporation (NYSE:ALD).
Provides internet security management software and services. Acquired by British Telephone Group, (NYSE:BT).
Freightquote.com provides online business-to-business freight solutions.
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).
Provider of a minimally invasive tissue biopsy device. Acquired by Hologic, (NASDAQ:HOLX).
Cross Country Staffing (NASDAQ:CCRN) provides healthcare staffing services.
An application service provider (ASP) for enterprise software solutions.
FormFactor (NASDAQ:FORM) develops wafer-level test and packaging solutions for the semiconductor industry.
Persistence Software provides dynamic caching and transactional servers for e-commerce. (NASDAQ:PRSW), acquired by Progress Software (NASDAQ:PRGS).
U.S. Healthworks provides workers' compensation health services.
European IT services and consulting firm.
Yantra is an eBusiness software for managing high volume transactions. Acquired by Sterling Commerce, a division of IBM (NYSE:IBM).
Provider of laser-programmable gate arrays.
Evolving Systems (NASDAQ:EVOL) is a telecom software solutions vendor.
An early stage networking semiconductor company.
Intuitive Surgical (NASDAQ:ISRG) develops minimally invasive surgery systems.
Provider of detail-critical business processes, including translation, online marketing, global content management and application testing solutions, which ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle.
The Medicines Company (NASDAQ:MDCO) is an outsourced drug development company.
Business-to-consumer/business-to-business e-commerce website for product and service queries.
Provides patient transportation services.
Business-to-business company focused on the design and construction market. Acquired by Autodesk.
Cardiac Pathways develops innovative solutions for cardiac and ablation catheters. Acquired by Boston Scientific, (NYSE:BSX).
Manager of dental care practices.
IntegraMed America (NASDAQ:INMD) is a leading provider of infertility services.
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.
Produces medical products that predict premature births.
A provider of software platforms for e-businesses. Acquired by BROKAT.
E-commerce company focused on the shoe industry.
Provides real estate information on the internet.
Microgenics Holding Corporation provides diagnostics for drug testing. Acquired by Sybron (NYSE:SYB).
Provides image management software. Now ScanSoft (NASDAQ:SSFT).
Anasazi provides central reservations software and services. Acquired by REZsolutions, now Pegasus (NASDAQ:PEGS).
Cytyc (NASDAQ:CYTC) develops diagnostic systems for cervical cancer screening.
Enterprise Systems develops healthcare management software. Acquired by McKesson now McKessonHBOC, (NYSE:MCK).
Provides security alarm systems and services.
Produces small peptide therapeutics to treat pain.
Quintiles Transnational (NYSE:Q)is a leading global contract research organization.