M&A Deal Summary

Insight Partners, Clearlake Capital and Highland Europe Acquire AMCS

On April 30, 2018, venture capital firm Insight Partners, private equity firm Clearlake Capital and growth capital firm Highland Europe acquired software company AMCS from Alpina Partners

Acquisition Highlights
  • This is Insight Partners’ 26th, Clearlake Capital’s 11th and Highland Europe’s 4th transaction in the Software sector.
  • This is Insight Partners’ 3rd, Clearlake Capital’s 1st and Highland Europe’s 1st transaction in Ireland.

M&A Deal Summary
Date 2018-04-30
Target AMCS
Sector Software
Buyer(s) Insight Partners
Clearlake Capital
Highland Europe
Sellers(s) Alpina Partners
Deal Type Secondary Buyout

Target

AMCS

Limerick, Ireland
website
AMCS is a supplier of integrated software and vehicle technology for the waste, recycling and material resources industries. AMCS Platform is a suite of best-in-class SaaS solutions that includes industry-specific Enterprise Management Software, Intelligent Optimisation, Mobile Workforce, Vehicle Technology, Digital Engagement and Analytics solutions, which delivers digital innovation to the emerging circular economy around the world. AMCS was founded in 2003 and is based in Limerick, Ireland.

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Buyer(S) 3

Buyer

Insight Partners

Investor Investor Investor Investor Investor

website

Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 57 of 86
Sector (Software) 26 of 34
Type (Secondary Buyout) 15 of 19
Country (Ireland) 3 of 3
Year (2018) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 Smartsheet

Bellevue, Washington, United States

Smartsheet is a major SaaS platform for managing and automating collaborative work. Our award-winning solutions deliver value for tens of thousands of paying customers and millions of information workers across more than 190 countries. Recently named to the Forbes Cloud 100 list of the world’s best cloud companies, customers like Netflix, Salesforce, the GSA, Google, and over half of the Fortune 500 use Smartsheet internally, with clients, and partners. Smartsheet is headquartered in Bellevue, Washington and, as of May 2017, has more than 550 employees in its Bellevue and Boston offices. Smartsheet was founded in 2005 and is based in Bellevue, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Hustle

San Francisco, California, United States

Hustle is a peer-to-peer (P2P) messaging platform with a mission to strengthen relationships by scaling genuine human conversation. Hustle was founded in 2014 and is based in San Francisco, California.

Buy -
Buyer

Clearlake Capital

Santa Monica, California, United States

website

Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 44 of 85
Sector (Software) 11 of 16
Type (Secondary Buyout) 12 of 37
Country (Ireland) 1 of 1
Year (2018) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 Wheel Pros

Lakewood, Colorado, United States

Wheel Pros is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories. Wheel Pros was founded in 1995 and is based in Lakewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Sage Automotive Interiors

Greenville, South Carolina, United States

Sage Automotive Interiors, Inc. is a provider of an automotive bodycloth, including a range of knit and woven technical textiles, to many of the world's leading automobile manufacturers. Sage has global offices and manufacturing locations in the U.S., Brazil, United Kingdom, China, Korea and Japan and has contract manufacturing relationships worldwide.

Sell $1.1B
Buyer

Highland Europe

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Highland Europe is a growth capital investor focused on technology enabled companies addressing large market opportunities in internet, mobile and software. The Firm looks to commit €10 to €30 million in fast growth companies with at least €10 million in annual sales. The Firm will consider opportunities throughout Western Europe with global ambitions. Highland Europe was formed in 2012 and is headquartered in London.

DEAL STATS #
Overall 16 of 46
Sector (Software) 4 of 11
Type (Secondary Buyout) 2 of 2
Country (Ireland) 1 of 1
Year (2018) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 Bitmovin

Denver, Colorado, United States

Bitmovin is a provider of video infrastructure for online media companies around the world. The company has been at the forefront of all major developments in online video - from building the world’s first commercial adaptive streaming player to deploying first software-defined encoding service that runs on any cloud provider or in a data centre. Bitmovin was founded in 2012 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 Incopro

London, United Kingdom

Incopro is an IP protection software and consultancy company. INCOPRO delivers technology solutions to businesses facing IP infringement challenges online. Incopro protects over 750 leading global brands, including Mondelēz International, Reckitt, Unilever, Superdry, and Brother International. Incopro was founded in 2012 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Alpina Partners

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alpina Partners is an independent investment group focused on sustainable company investments. The Firm looks to support companies that seek solutions to sustainability challenges. Alpina Partners is based in Munich, Germany.

DEAL STATS #
Overall 5 of 8
Sector (Software) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Ireland) 1 of 1
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 Torqeedo

Wessling , Germany

Torqeedo is a provider of electric drive systems for watercraft that develops and manufactures electric and hybrid drives from 0.5 kW to 100 kW for leisure and commercial applications. Torqeedo’s products are characterised by an uncompromising focus on high-tech, maximum efficiency and complete system integration. Torqeedo was founded in 2005 and is based in Wessling, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 DOLAN

Kelheim, United States

DOLAN GmbH is a manufacturer of acrylic specialty fibers. DOLAN GmbH offers customized fiber solutions. DOLAN spun-dyed fiber meets the highest requirements regarding light and weather-fastness and is mainly used for the production of car covers, awnings, and outdoor fabrics.

Sell -
Mergr

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