Circuit Partners

What Circuit Partners does

Circuit Partners is a Los Angeles-based corporate development services firm providing buy-side M&A advisory exclusively to the IT services and B2B software sectors. Founded in 2020 and operating with 1-10 employees, the firm delivers end-to-end transaction support across six service stages: market and competitor analysis, M&A target development, communication and data management, investment analysis and deal structuring, financial and qualitative due diligence, and transaction execution. The proposition is to act as an outsourced corporate development function, allowing client executives to selectively engage with deals while the firm manages pipeline, due diligence, and close.

The firm serves four client segments: private equity firms seeking add-on acquisitions and thesis-driven market mapping; founder-owned or independent companies that need M&A bandwidth alongside running the core business; private equity-backed strategics executing acquisition strategies aligned with investor thesis; and public companies whose corporate development teams need supplementary pipeline management. Revenue is generated on a professional services / fee basis tied to bespoke engagements, with no disclosed pricing or recurring revenue structure.

The team is led by Managing Director Rene Biller (ex-Ambina Partners, Celerity Partners) and Director Ciro Riccardi (ex-Arrowroot Capital Management, AGC Partners), supported by an advisory board including Chris Yeh and Jerimiah Owyang (Blitzscaling Ventures) and Grace Riccardi (SAP). The firm claims a global service reach from a single Los Angeles headquarters and relies on relationship-based business development through professional networks and industry events rather than broad marketing channels. No funding rounds, institutional investors, or parent company are disclosed, and the firm is privately held.

Name

Circuit Partners

Website

https://circuit-partners.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Circuit Partners is a Los Angeles-based boutique M&A advisory firm providing buy-side transaction support exclusively to the IT services and B2B software sectors, serving private equity firms, independent companies, PE-backed strategics, and public companies.

Ownership category

akta.pro rank

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. M&A Advisory Services: Circuit Partners generates revenue by providing corporate development services on a fee basis. As a buy-side M&A advisory firm, they support clients throughout the transaction lifecycle including market analysis, target development, due diligence, deal structuring, and transaction execution. Revenue is derived from professional service fees for transaction support.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Circuit Partners is a buy-side M&A advisory firm that manages the entire transaction lifecycle for enterprise clients in the IT Services and B2B Software sectors. Its offering spans Market and Competitor Analysis, M&A Target Development, Communication and Data Management, Investment Analysis and Deal Structuring, Financial and Qualitative Due Diligence, and end-to-end Transaction Execution, delivered on a fee-based bespoke engagement model.

Product overview

Circuit Partners is a corporate development services firm that offers a unified suite of M&A consulting services rather than a software product. The company's service portfolio centers on buy-side transaction support for IT services and B2B software sectors. Services include Market and Competitor Analysis, M&A Target Development, Communication and Data Management, Investment Analysis and Deal Structuring, Financial and Qualitative Due Diligence, and Transaction Execution. The firm serves Private Equity Firms, Independent Companies, Private Equity-Backed Strategics, and Public Companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Market and Competitor Analysis Consulting service that helps clients develop a clear understanding of different market segments and identify the largest opportunities for growth, primarily used by PE firms, independent companies, PE-backed strategics, and public companies evaluating IT services and B2B software acquisitions.
• M&A Target Development Service that defines a clear acquisition strategy and develops a comprehensive list of candidate companies fitting the target profile, used by enterprise acquirers in IT services and B2B software.
• Communication and Data Management Service managing the flow of information between the client and the target company, including NDA exchange, data request processing, and meeting scheduling across active buy-side processes.
• Investment Analysis and Deal Structuring Service providing comprehensive feedback on investment opportunities by quickly digesting company information based on extensive transaction experience, used to support deal structuring decisions.
• Financial and Qualitative Due Diligence Service where the experienced team develops a depth of understanding of a company's story to determine fit with the client's M&A strategy during the diligence phase of a transaction.
• Transaction Execution End-to-end support service guiding clients through business diligence and towards a successful transaction close, taking the deal from term sheet through signing.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• SAPminorStrategic or Co-development PartnerAdvisor Grace Riccardi serves as Managing Partner at SAP, focusing on high-growth financial services and professional services segments. Her role involves leading solution strategy and presales execution for challenging customer segments. The connection provides industry expertise and potential strategic insights for enterprise software M&A transactions.

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• William Blair: Diversified investment banking and wealth management firm with a substantial technology group advising on software M&A. Comparable as a larger incumbent with an active tech M&A practice serving similar sponsor and corporate clients.
• Lincoln International: Global mid-market investment bank with dedicated Technology, Media, and Telecom coverage. Competes head-to-head with Circuit Partners for middle-market technology buy-side mandates while serving broader industries.
• Houlihan Lokey: Large, publicly traded financial advisory firm with a dedicated Technology, Media, and Telecom practice covering software M&A. Operates broadly across industries but directly competes with Circuit Partners for software and IT services mandates.

Direct peers

• Qatalyst Partners: Technology-focused M&A advisory firm serving software and IT services buyers and sellers. Comparable to Circuit Partners in its exclusive focus on technology M&A and serving similar enterprise client segments.
• AGC Partners: Software-focused investment bank that advises on M&A and capital raises for enterprise software and IT services companies. Director Ciro Riccardi was previously a software-focused investment banker at AGC Partners, making it a directly comparable peer in the same niche.
• Centerview Partners: Independent advisory firm focused on M&A and related strategic advisory services. While much larger, it competes for high-end technology and software buy-side mandates on the basis of senior-touch delivery analogous to Circuit Partners' model.
• Cascadia Capital: Middle-market investment bank with a dedicated technology, software, and IT services practice. Both firms share the tech M&A focus and emphasis on sponsor-backed and growth-stage technology clients.
• PJ Solomon (PJT Partners): Technology-focused advisory franchise (formerly PJ Solomon) now part of PJT Partners, advising on M&A and capital raising for software and tech-enabled businesses. Directly comparable in serving software buy-side and sell-side mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/circuit-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Circuit Partners