Capital to Support Company’s Global Expansion Strategies
San Diego, CA – July 18, 2016 – HCAP Partners (formerly Huntington Capital), a California-based private equity firm, announced today that it has made an investment in Lucernex, Inc. The investment will further fuel the growth that Lucernex has experienced as more of the world’s leading retailers, restaurants, healthcare providers and financial services firms adopt its cloud-based Integrated Workplace Management System (IWMS) and Store Lifecycle Management (SLM) solutions. Tim Bubnack, Managing Partner, and Nicolas Lopez, Senior Associate, led the transaction for HCAP Partners.
“We are very excited to work with HCAP Partners as we enter the next stage of our rapid growth. The additional investment will allow us to meet the ever-increasing demand for our cloud-based Analytics, Market Planning, Site Selection, Contract Management, Project Management and Facility Management solutions,” stated Joe Valeri, CEO of Lucernex. “Some of the world’s best companies continue to select us because of our commitment to their success and the value that our solutions bring. We are humbled by their trust in our team.”
Lucernex solutions are used by over 150 of the world’s leading brands to find the best possible real estate locations, negotiate favorable leases, get their locations opened as soon as possible, ensure they are not paying landlords one dollar more than they are obligated and maintain a consistent customer experience after they are operating. The Lucernex solutions are available on a single cloud-based platform which increases time to value and eliminates the need for expensive, time-consuming IT upgrades every few years.
HCAP Partners Managing Partner Tim Bubnack commented, “We look forward to working with the Lucernex leadership team to help them continue their impressive growth. We quickly recognized the unique value that Lucernex brings to its customers and the growing demand for its solutions across the globe. The investment will help Lucernex continue to add new customers to its already impressive customer list and continue their award-winning support of existing customers.”
Lucernex provides cloud-based Integrated Workplace Management System (IWMS) to both emerging and enterprise companies around the globe. The Company’s analytics, market planning, site selection, contract management, project management, facility management and maintenance management solutions are used by their valued customers every day and helps them drive revenue, reduce costs, ensure compliance and mitigate risk. For more information please visit www.lucernex.com.
About HCAP Partners
HCAP Partners (formerly Huntington Capital) was founded in 2000 and is a provider of mezzanine debt and private equity for underserved, lower-middle market companies throughout California and the Western United States. HCAP Partners seeks to invest $2 million to $9 million in established businesses generating between $10 million and $75 million in revenues in the healthcare, software, services, and manufacturing industries. The firm has invested in over 50 companies since it was founded and proactively works with its portfolio companies to achieve favorable financial outcomes and measurable impact value creation. Partners Tim Bubnack, Morgan Miller, Frank Mora, and Hope Mago lead HCAP Partners’ management team. For more information, please visit www.hcapllc.com or call (858) 259-7654.