daxko-hero

    Technology

    Developing a leading software and payments provider

    Macquarie’s investment will support Daxko’s further product development and strategic acquisitions. 

    Sector Technology
    Sub-sector Software
    Location  Americas

    Opportunity

    Daxko is a leading integrated software and payments provider offering daily operations, member management and administrative solutions to member-based health and wellness organisations such as gyms, YMCAs, and community centres.

    In recent years, Daxko has invested in growing its business, products and services, and employee base to deliver a quality experience to customers and their members.


    Approach

    Macquarie Capital provided a Senior Secured Term Loan and a Senior Secured Revolving Credit Facility to support Daxko’s acquisition by GI Partners in 2015. 

    Macquarie Capital upsized that initial investment multiple times, enabling various add-on acquisitions. In 2021, Macquarie provided unitranche financing to Daxko to support a recapitalisation transaction through which GI Partners sold a stake in Daxko to Genstar Capital.

    Outcome

    The investment will support accelerated innovation in Daxko’s product development, customer support, sales and marketing, and strategic acquisitions. 

    55+

    Daxko’s products are used in over 55 countries

    19,000

    facilities using Daxko solutions

    25 million+

    members managed within Daxko software systems

    Genstar’s deep investment and operational expertise in the software and payments sector will further transform and expand Daxko’s product offerings.

    Daxko operates in the dynamic and growing health and wellness software market, and we are excited by the ability of its software solutions to help customers re-evaluate their operations, develop new strategies and better engage their members. We see further significant opportunity to penetrate markets globally and look forward to partnering with Daxko and the GI Partners team to further effect change that will benefit Daxko, its customers, and employees."

    Eli Weiss, Managing Director at Genstar Capital, and
    Rob Clark, Director at Genstar Capital

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