M&A Deal Summary

GI Partners Acquires LightEdge Solutions

On September 14, 2021, private equity firm GI Partners acquired information technology company LightEdge Solutions from The Anschutz

Acquisition Highlights
  • This is GI Partners’ 13th transaction in the Information Technology sector.
  • This is GI Partners’ 40th transaction in the United States.
  • This is GI Partners’ 1st transaction in Iowa.

M&A Deal Summary

Date 2021-09-14
Target LightEdge Solutions
Sector Information Technology
Buyer(s) GI Partners
Sellers(s) The Anschutz
Deal Type Divestiture
Advisor(s) The Bank Street Group LLC (Financial)
Hogan Lovells (Legal)

Target

LightEdge Solutions

Des Moines, Iowa, United States
website
LightEdge Solutions is an IT service management company and provider of compliant hosting, cloud computing, data protection, and colocation services. LightEdge Solutions was founded in 1996 and is based in Des Moines, Iowa.

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Buyer(S) 1

Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.


DEAL STATS #
Overall 51 of 58
Sector (Information Technology) 13 of 15
Type (Divestiture) 2 of 3
State (Iowa) 1 of 1
Country (United States) 40 of 46
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Consilio

Washington, District of Columbia, United States

Consilio is an international eDiscovery and Document Review Service provider with extensive experience in litigation, antitrust, second requests, and internal and regulatory investigations. Consilio provides services in data collection, computer forensics, expert testimony, multilingual and onsite data processing, hosting, and document review. Consilio was founded in 2002 and is based in Washington, District of Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Patriot Growth Partners

Ft. Washington, Pennsylvania, United States

Patriot Growth Partners is a growth-focused national insurance services firm that partners with employee benefits and property & casualty agencies across the United States. The company's collaborative model delivers resources and strategic support to its agencies, whose leaders continue to operate with a high degree of autonomy in their local markets. It creates true alignment with its partner agencies, and its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. Patriot Growth Partners was founded in 2019 and is based in Ft. Washington, Pennsylvania.

Buy -

Seller(S) 1

SELLER

The Anschutz

Denver, Colorado, United States

website


Category Company
Founded 1958
Sector Diversified
DESCRIPTION

The Anschutz is a privately held company that has diversified investments worldwide in hospitality, technology, traditional and renewable energy, real estate, and media/entertainment. The Anschutz was founded in 1958 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 LightEdge Solutions

Des Moines, Iowa, United States

LightEdge Solutions is an IT service management company and provider of compliant hosting, cloud computing, data protection, and colocation services. LightEdge Solutions was founded in 1996 and is based in Des Moines, Iowa.

Buy -