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Mudshare

The Deal

Bought By
Adan Sierra and Rodrigo Zuloaga
Year
2023
Vehicle
Lionfield Capital LLC, backed by Search Fund Partners, Northspring Partners, Aspect Investors, Endurance Search Partners, The Operand Group, The Cambria Group, NCL Partners and Blue Frame Capital Partners
Kind
Software

A peer-to-peer messaging platform that political campaigns and nonprofits use to text their supporters one conversation at a time.

What Happened Next

Trading under its own name: the index host names Adan Sierra chief executive beside its 2023 investment, another backer names Rodrigo Zuloaga chief executive of it, and the vehicle's own 2023 filing lists them both.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Search Fund Partners

Northspring Partners

Aspect Investors

Endurance Search Partners

The Operand Group

The Cambria Group

NCL Partners

Blue Frame Capital Partners

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. The index host names Adan Sierra chief executive beside its 2023 investment; another backer's card names Rodrigo Zuloaga chief executive with the fund beside him; a third lists the company against a 2023 investment and names nobody. Nothing says they bought it.