Canaccord Genuity acts as Exclusive Financial Advisor to smartShift, a leading tech-enabled services provider for SAP custom application migrations, upgrades, and transformations, on its recapitalization by Ridgemont Equity Partners
Canaccord Genuity is pleased to announce that Ridgemont Equity Partners, a middle market private equity investor, has announced the recapitalization of smartShift, a leading tech-enabled services provider for SAP custom application migrations, upgrades, and transformations. Canaccord Genuity acted as exclusive financial advisor to smartShift.
smartShift offers a better way for SAP customers to migrate and optimize their custom code. With its patented AI-powered solutions, smartShift delivers secure, stable, and optimized code in weeks rather than the months required by conventional approaches. smartShift is trusted by many of the world’s largest SAP customers and has been used to modernize over 3,000 SAP systems, converting over 2.5 billion lines of code.
Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business and tech-enabled services, industrial growth, and healthcare sectors for three decades. The principals of Ridgemont have refined a proven, industry-focused model designed to build distinctive middle market companies.