M&A Deal Summary

Genstar Capital Acquires Vector Solutions

On May 14, 2021, private equity firm Genstar Capital acquired internet software and services company Vector Solutions from Golden Gate Capital

Acquisition Highlights
  • This is Genstar Capital’s 8th transaction in the Internet Software and Services sector.
  • This is Genstar Capital’s 88th transaction in the United States.
  • This is Genstar Capital’s 5th transaction in Florida.

M&A Deal Summary
Date 2021-05-14
Target Vector Solutions
Sector Internet Software and Services
Buyer(s) Genstar Capital
Sellers(s) Golden Gate Capital
Deal Type Secondary Buyout
Advisor(s) William Blair
Robert W. Baird & Co., Inc. (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison
Nob Hill Law Group
Trenam (Legal)

Target

Vector Solutions

Tampa, Florida, United States
website
Vector Solutions is a provider of SaaS-based compliance and safety-focused eLearning and performance optimization solutions serving three end-markets: Public Sector, Education, and Commercial. Vector’s solutions are underpinned by the company’s library of proprietary content (over 7,500 courses with over 30,000 associated accreditations) which is delivered through a SaaS-based software platform to address customers’ mission critical compliance, safety, and regulatory needs. Vector Solutions was founded in 1999 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 95 of 107
Sector (Internet Software and Services) 8 of 8
Type (Secondary Buyout) 38 of 47
State (Florida) 5 of 5
Country (United States) 88 of 99
Year (2021) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Ascensus

Dresher, Pennsylvania, United States

Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most retirement, education, and healthcare. Ascensus was formed in 1980 and is based in Dresher, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Marcone

St Louis, Missouri, United States

Marcone is a distributor of original equipment parts for the repair of residential appliances in the United States and Canada. Marcone's customer base is comprised of thousands of residential appliance repair service providers and technicians, as well as extended warranty providers. Marcone is based in St Louis, Missouri.

Buy -

Seller(S) 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 75 of 79
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 16 of 18
State (Florida) 4 of 4
Country (United States) 68 of 71
Year (2021) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Eddie Bauer

Groveport, Ohio, United States

Eddie Bauer is a specialty retailer that sells outerwear, apparel and accessories for the active outdoor lifestyle. The Eddie Bauer brand is a nationally recognized brand that stands for high quality, innovation, style and customer service. Eddie Bauer was founded in 1920 and is based in Groveport, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 2020

Laval, Quebec, Canada

2020 is a provider of computer-aided design, business and manufacturing software tailored for the interior design and furniture industries. The company has developed an unmatched depth of knowledge of interior design and space planning to maintain an unbroken history of the market and thought leadership. Its customers include many of the world’s largest home improvement retailers and manufacturers, as well as tens of thousands of local, independent kitchen and bathroom dealers. 2020 was founded in 1987 and is based in Laval, Quebec.

Sell -
Mergr

Product

Company

Legal