M&A Deal Summary

M/C Partners Acquires Denovo

On April 1, 2015, private equity firm M/C Partners acquired internet software and services company Denovo

Acquisition Highlights
  • This is M/C Partners’ 3rd transaction in the Internet Software and Services sector.
  • This is M/C Partners’ 24th transaction in the United States.
  • This is M/C Partners’ 3rd transaction in Colorado.

M&A Deal Summary
Date 2015-04-01
Target Denovo
Sector Internet Software and Services
Buyer(s) M/C Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) MVP Capital LLC (Financial)

Target

Denovo

Boulder, Colorado, United States
website
Denovo is a full-service Enterprise Hosting/Cloud Computing and Professional Services firm with extensive expertise in designing, implementing and supporting enterprise software and hosting/cloud solutions. Denovo was founded in 2003 and is based in Boulder, Colorado.

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Buyer(S) 1

Buyer

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1986
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $5 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.

DEAL STATS #
Overall 30 of 49
Sector (Internet Software and Services) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 15 of 20
State (Colorado) 3 of 3
Country (United States) 24 of 42
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 ZVRS

Clearwater, Florida, United States

ZVRS is a nationally recognized provider of video relay services that enable Deaf and Hard-of- Hearing individuals to communicate with hearing people worldwide. The company provides videophone hardware, software and accessories designed to enable a real-time video connection with certified ASL interpreters who relay conversations between parties. ZVRS is committed to serving the Deaf community; a majority of its interpreters are RID-certified and more than half of non-interpreter employees are Deaf or Hard-of-Hearing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-20 Ensono

Downers Grove, Illinois, United States

Ensono provides complex managed hosting and cloud infrastructure services to mid-sized enterprises. The company specializes in supporting mission-critical workloads and helping clients manage and migrate between all systems. Ensono’s integrated array of solutions includes the hosting of client-server, mainframe, and cloud computing workloads, as well as database, storage, and managed network services. Ensono was formed in 1969 and is based in Downers Grove, Illinois.

Buy $190M
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