M&A Deal Summary

Finvi Acquires Katabat

On August 23, 2021, Finvi acquired software company Katabat from Tritium Partners and Terminus Capital Partners

Acquisition Highlights
  • This is Finvi’s 4th transaction in the Software sector.
  • This is Finvi’s 5th transaction in the United States.
  • This is Finvi’s 1st transaction in Delaware.

M&A Deal Summary
Date 2021-08-23
Target Katabat
Sector Software
Buyer(s) Finvi
Sellers(s) Tritium Partners
Terminus Capital Partners
Deal Type Add-on Acquisition

Target

Katabat

Wilmington, Delaware, United States
website
Katabat is a provider of debt management software solutions for lenders, fintech, and collection agencies. The software synchronizes customer offers, implements customer workflows, and builds integrated content and treatments across all customer channels. Katabat was founded in 2006 and is based in Wilmington, Delaware.

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Buyer(S) 1

Buyer

Finvi

Muncie, Indiana, United States

website

Category Company
Founded 1980
Sector Software
DESCRIPTION

Finvi is a provider of enterprise software that automates complex workflows and accelerates revenue recovery for clients in the healthcare, accounts receivable management (ARM), and government markets. Finvi was founded in 1980 and is based in Muncie, Indiana.

DEAL STATS #
Overall 5 of 6
Sector (Software) 4 of 4
Type (Add-on Acquisition) 5 of 6
State (Delaware) 1 of 1
Country (United States) 5 of 6
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 Pairity

New York, New York, United States

Pairity, Inc. is a provider of an artificial intelligence (AI) and machine-learning capabilities that allow collection teams to maximize revenue recovery by uncovering new data insights at scale. Pairity is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Fonative

Lowell, Massachusetts, United States

Fonative is a provider of compliant communications via Communications Platform as a Service ('CPaaS'). Fonative was founded in 1992 and is based in Lowell, Massachusetts.

Buy -

Seller(S) 2

SELLER

Tritium Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Tritium Partners is a private equity firm focused on acquiring profitable, growth-oriented lower middle-market companies. The Firm seeks companies with $2 to $15 million of EBITDA in the internet/information services, supply chain logistics, business services, and financial services sectors. Tritium Partners was formed in 2013 and is based in Austin, Texas.

DEAL STATS #
Overall 10 of 12
Sector (Software) 1 of 2
Type (Add-on Acquisition) 6 of 8
State (Delaware) 1 of 1
Country (United States) 10 of 12
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 RateGenius

Austin, Texas, United States

RateGenius provides consumers with cost-saving auto refinance opportunities through its extensive lender network without charging consumers any fees. RateGenius was founded in 1999 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Stukent

Idaho Falls, Idaho, United States

Stukent provides digital courseware and simulations for high schools and higher education institutions including Ivy League schools, some of the country's largest state universities, community colleges, and more while fulfilling its mission to help educators help students help the world. Stukent products, which are used by over 9,000 instructors in over 70 countries, include market-leading simulations and continuously updated digital courseware. Stukent was formed in 2013 and is based in Idaho Falls, Idaho.

Buy -
SELLER

Terminus Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Focused
DESCRIPTION

Terminus Capital Partners is a private equity firm focused on buyouts of lower middle-market software companies with $10 to $50 million of revenue. The Firm will consider opportunities throughout North America with positive revenue growth and EBITDA. Terminus Capital Partners was formed in 2017 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Delaware) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Finvi

Muncie, Indiana, United States

Finvi is a provider of enterprise software that automates complex workflows and accelerates revenue recovery for clients in the healthcare, accounts receivable management (ARM), and government markets. Finvi was founded in 1980 and is based in Muncie, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 Delta Data

Columbus, Georgia, United States

Delta Data is a provider of data governance and operational processing software for mutual fund securities and other pooled investment products that helps clients solve compliance mandates, mitigate risk and reduce costs. Delta Data was founded in 1985 and is based in Columbus, Georgia.

Buy -
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