Investment Summary

Harbert Private Capital Invests In Connectbase

On March 22, 2021, private equity firm Harbert Private Capital invested in internet software and services company Connectbase

Investment Highlights
  • This is Harbert Private Capital’s 5th transaction in the Internet Software and Services sector.
  • This is Harbert Private Capital’s 50th transaction in the United States.
  • This is Harbert Private Capital’s 2nd transaction in Massachusetts.

Investment Summary
Date 2021-03-22
Target Connectbase
Sector Internet Software and Services
Investor(s) Harbert Private Capital
Deal Type Growth Capital

Target

Connectbase

Westborough, Massachusetts, United States
website
Connectbase provides sales enablement software built for the network connectivity industry that automates critical network buying and selling workflows and enables carriers and their partners to increase sales and more efficiently compete for new prospect opportunities. The Company’s core platform, known as The Connected World, is a map interface powered by a unique, proprietary dataset that includes curated data on more than 350 million commercial buildings, 5,800 network routes, and 16 million enterprise tenants. Connectbase was founded in 2015 and is based in Westborough, Massachusetts.

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Investor(S) 1

Investor

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.

DEAL STATS #
Overall 56 of 60
Sector (Internet Software and Services) 5 of 6
Type (Growth Capital) 10 of 14
State (Massachusetts) 2 of 2
Country (United States) 50 of 54
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 Flight Display Systems

Alpharetta, Georgia, United States

Flight Display Systems is a designer, developer, and light manufacturer of avionics focusing on cabin electronics for business and commercial aircraft and ruggedized special mission monitors and other retrofit solutions for military aircraft. Flight Display Systems was formed in 2001 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-05 Payzer

Charlotte, North Carolina, United States

Payzer provides an end-to-end Field Service Management platform that helps contractors run their business, grow sales, and simplify back-office operations. The Payzerware platform provides complete business management software including scheduling and dispatching, invoicing, sales proposals, and maintenance agreements. Payzer was founded in 2012 and is based in Charlotte, North carolina.

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