Investment Summary

McCarthy Partners Management and Providence Equity Partners Invest In 365 Retail Markets

On August 17, 2016, private equity firms McCarthy Partners Management and Providence Equity Partners invested in information technology company 365 Retail Markets

Investment Highlights
  • This is McCarthy Partners Management’s 3rd and Providence Equity Partners’ 11th transaction in the Information Technology sector.
  • This is McCarthy Partners Management’s 31st and Providence Equity Partners’ 58th transaction in the United States.
  • This is McCarthy Partners Management’s 1st and Providence Equity Partners’ 1st transaction in Michigan.

Investment Summary

Date 2016-08-17
Target 365 Retail Markets
Sector Information Technology
Investor(s) McCarthy Partners Management
Providence Equity Partners
Deal Type Growth Capital

Target

365 Retail Markets

Troy, Michigan, United States
website
365 Retail Markets is a provider of self-service commerce technology to the foodservice industry, offering end-to-end integrated solutions including software, payment processing and point-of-sale hardware. 365 Retail Markets was founded in 2008 and is based in Troy, Michigan.

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Investor(S) 2

Investor

McCarthy Partners Management

Omaha, Nebraska, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

McCarthy Capital is a private equity firm that seeks to invest in mid-to-late-stage companies. The firm looks for companies with revenue of at least $15 million and $3 million in operating profits. McCarthy will consider companies across a broad range of industries possessing significant growth opportunities through participation in growing markets, market share expansion, industry consolidation or innovative business strategies. McCarthy prefers to invest in the range of $5 and $125 million, and will take a minority or majority ownership stake in companies where management has material capital at risk. McCarthy Capital was founded in 1986 and is based in Omaha, Nebraska.


DEAL STATS #
Overall 31 of 49
Sector (Information Technology) 3 of 3
Type (Growth Capital) 14 of 28
State (Michigan) 1 of 1
Country (United States) 31 of 48
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-11 Bamboo Rose

Boston, Massachusetts, United States

Bamboo Rose is the only B2B marketplace powered by proven trade engines for product and supply chain management, enabling retailers and suppliers to collaboratively and continuously discover, develop, and deliver ideas and products to diverse markets around the world. Bamboo Rose serves more than 80 major retailers, 400 brands, 35,000 suppliers, and 150,000 user members. Bamboo Rose was founded in 2001 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 Triage

Omaha, Nebraska, United States

Triage started as a boutique medical staffing agency specializing in radiology and quickly grew into a full-service staffing solution serving nursing, laboratory, rehabilitation and radiology. Recognized by Inc. Magazine for three consecutive years as one of the fastest growing companies in America, Triage has evolved while still maintaining a boutique-service edge. Triage matches traveling professionals with hospitals, long-term care facilities, radiology centers, laboratories and other healthcare organizations. Triage was founded in 2006 and is based in Omaha, Nebraska.

Buy -
Investor

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 92 of 133
Sector (Information Technology) 11 of 14
Type (Growth Capital) 13 of 26
State (Michigan) 1 of 1
Country (United States) 58 of 84
Year (2016) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Q9 Networks

Toronto, Ontario, Canada

Q9 Networks, Inc. is a provider of outsourced data center infrastructure for mission-critical IT operations. Operates three state-of-the-art data centers in Ontario and Alberta, Canada. Headquartered in Toronto, ON.

Sell $675M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Untangle

San Jose, California, United States

Untangle is a provider in cybersecurity designed specifically for the below-enterprise market, safeguarding businesses, home offices, nonprofits, schools and governmental organizations. Untangle’s integrated suite of software and appliances provides enterprise-grade capabilities and consumer-oriented simplicity to organizations with limited IT resources. Untangle’s award-winning network security solutions are trusted by over 40,000 customers around the world. Untangle was founded in 2003 and is headquartered in San Jose, California.

Buy -