Los Angeles – Oct. 29, 2024 – Avante Capital Partners is pleased to announce the completion of a unitranche debt investment in RiseNow, LLC (“RiseNow”), a leading provider of procurement and supply chain advisory solutions. The debt investment supports an acquisition by Achieve Partners (“Achieve”), private equity firm engineering the future of learning and earning by investing in cutting edge technologies and novel business models to bolster skill development and secure the future of work for millions of Americans.
This partnership will fuel RiseNow’s continued growth in expanding its service capabilities and advancing its innovative solutions that enable companies to integrate and manage advanced SaaS platforms. RiseNow specializes in helping organizations optimize critical procurement and supply chain functions while addressing talent shortages within the industry through the launch of RiseTalent, the first apprenticeship program for digital procurement and supply chain.
“RiseNow stands out in a crowded field for its comprehensive and specialized approach to the functional design of world-class procurement and supply chain functions, driven by an experienced leadership team,” said Achieve Managing Director Ryan Craig. “We’re excited to bring Achieve’s model of talent-focused investment to reinforce their position as an industry pioneer.”
Cassidy Leventhal, Principal at Achieve added, “RiseNow is bringing both domain expertise and innovative thinking to bear on addressing the unique challenges facing modern supply chains. This investment goes beyond capital – we’re partnering with RiseNow to redefine how talent, technology, and processes intersect, ensuring their customers not only implement advanced systems but also have the people and operational frameworks to leverage them effectively.”
“We are excited to partner with RiseNow and Achieve to address the growing demand for expert advisory services within the supply chain industry,” said David Ng, Principal at Avante. “RiseNow’s dedication to improving supply chain efficiency is unmatched, and we’re thrilled to be part of their growth strategy.”
About Avante Capital Partners
Avante Capital Partners is an award-winning private credit and equity firm in the lower middle market. Since 2009, Avante has been successfully providing flexible capital solutions to growing businesses generating at least $3M in cash flows across numerous industries. Avante is a value-add partner to private equity firms, independent sponsors, and business owners throughout the United States.