Investment Summary

Lumerity Capital, Catalyst Investors, ORIX Private Equity Solutions, Meritage Funds and Bertram Capital Invest In Datavail

On September 6, 2012, growth capital firm Lumerity Capital, venture capital firm Catalyst Investors, mezzanine finance firm ORIX Private Equity Solutions, growth capital firm Meritage Funds and private equity firm Bertram Capital invested in information technology company Datavail

Investment Highlights
  • This is Lumerity Capital’s 1st, Catalyst Investors’ 2nd, ORIX Private Equity Solutions’ 1st, Meritage Funds’ 4th and Bertram Capital’s 1st transaction in the Information Technology sector.
  • This is Lumerity Capital’s 1st, Catalyst Investors’ 39th, ORIX Private Equity Solutions’ 1st, Meritage Funds’ 10th and Bertram Capital’s 9th transaction in the United States.
  • This is Lumerity Capital’s 1st, Catalyst Investors’ 4th, ORIX Private Equity Solutions’ 1st, Meritage Funds’ 2nd and Bertram Capital’s 1st transaction in Colorado.
Investment Fate
  • Datavail was sold to a consortium of financial buyers in 2024.

Investment Summary

Date 2012-09-06
Target Datavail
Sector Information Technology
Investor(s) Lumerity Capital
Catalyst Investors
ORIX Private Equity Solutions
Meritage Funds
Bertram Capital
Deal Type Growth Capital

Target

Datavail

Broomfield, Colorado, United States
website
Datavail is a provider of remote database administration (DBA) services in North America. Datavail offers 24/7 managed database services, database design, architecture, and staffing. The company specializes in Oracle, Oracle E-Business Suite, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint, and provides flexible onsite, offsite, and offshore delivery options to meet each customer's unique business needs. Datavail was founded in 2007 and is based in Broomfield, Colorado.

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Investor(S) 5

DESCRIPTION


DEAL STATS #
Overall 1 of 4
Sector (Information Technology) 1 of 3
Type (Growth Capital) 1 of 3
State (Colorado) 1 of 1
Country (United States) 1 of 4
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Effectual

Hoboken, New Jersey, United States

Effectual is a managed and professional services company working with commercial enterprises and the public sector to enable digital transformation and full-stack IT modernization. Effectual was founded in 2018 and is based in Hoboken, New Jersey.

Buy -
Investor

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.


DEAL STATS #
Overall 41 of 53
Sector (Information Technology) 2 of 2
Type (Growth Capital) 6 of 8
State (Colorado) 4 of 5
Country (United States) 39 of 51
Year (2012) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 Aspire Media

Loveland, Colorado, United States

Aspire Media LLC offers newsstand publications, craft books, and craft television series on public television.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 WeddingWire

Bethesda, Maryland, United States

WeddingWire is a global online marketplace, connecting consumers with local wedding professionals and a suite of comprehensive tools that make wedding planning easier. Operating within a $200 billion industry, WeddingWire helps 13 million couples every month find the right team of wedding professionals to personalize and pull off their special day. Consumers around the world are able to read more Permira VI G.P. Limited than 4 million vendor reviews and search, compare and book from a directory of over 400,000 vendors. Founded in 2007, the WeddingWire portfolio serves couples and wedding professionals across 15 countries in North America, Latin America, Europe and Asia. The company has more than 950 employees and is headquartered in Chevy Chase, Maryland, just outside of Washington, D.C., with international headquarters in Barcelona, Spain.

Buy -
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.


DEAL STATS #
Overall 1 of 27
Sector (Information Technology) 1 of 2
Type (Growth Capital) 1 of 10
State (Colorado) 1 of 1
Country (United States) 1 of 25
Year (2012) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Cyclone Steel Services

Houston, Texas, United States

Cyclone Steel Services is a provider of steel plate processing services primarily to the petrochemical and oil and gas industries. Cyclone specializes in full-service precision cutting and value-added processing of steel plates for a range of critical applications utilizing oxy-fuel, plasma, and high-definition plasma technologies. Cyclone Steel Services was founded in 1979 and is based in Houston, Texas.

Buy -
Investor

Meritage Funds

Arvada, Colorado, United States

Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Meritage Funds is a private investment firm focused on growth equity opportunities. The Firm targets companies that deliver tech-based services that leverage recurring revenue business models. Areas of interest include businesses that 'enable communications, deliver content, and facilitate commerce'. Prospective transaction situations include direct equity financings, recapitalizations, control acquisitions, consolidations, restructurings, spin-outs and management buy-outs. Meritage typically looks to commit $3 to $20 million over the lifecycle of an investment. Meritage Funds was formed in 1998 and is based in Arvada, Colorado.


DEAL STATS #
Overall 11 of 16
Sector (Information Technology) 4 of 4
Type (Growth Capital) 3 of 6
State (Colorado) 2 of 5
Country (United States) 10 of 15
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-30 Digital Fortress

Seattle, Washington, United States

Digital Fortress, Inc. is a provider of enterprise colocation and related services to large and medium-sized enterprise customers. The Company operates two data center facilities, principally located in the Pacific Northwest, drawing on the region’s low-cost, high-renewable energy content power sources. Digital Fortress was founded in 1994 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-10 PeakColo

Denver, Colorado, United States

PeakColo provides fully redundant, enterprise-class white-label WhiteCloud Services® to its Distribution, Data Center, Service Provider, System Integrator and VAR channel partners. PeakColo was founded in 2006 and is based in Denver, Colorado.

Buy -
Investor

Bertram Capital

Foster City, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bertram Capital is a private equity firm that targets buyout and growth equity investments in lower middle-market companies. Bertram looks for companies with revenues of $25 to $250 million and EBITDA of $5 to $35 million. Sectors of interest include healthcare services and infrastructure, industrial manufacturing, business and financial services, technology, and internet. Bertram will consider both control and non-control investments. Prospective transaction structures include management buyouts, shareholder liquidity events, acquisitions financing's, growth financing's, and PIPE. Bertram Capital was formed in 2006 and is based in Foster City, California.


DEAL STATS #
Overall 10 of 40
Sector (Information Technology) 1 of 1
Type (Growth Capital) 1 of 13
State (Colorado) 1 of 1
Country (United States) 9 of 37
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-19 Author Solutions

Indianapolis, Indiana, United States

Author Solutions, is a provider of professional self-publishing services. It has enabled 150,000 authors to publish, market and distribute more than 190,000 books in print and electronic formats and benefits from several powerful growth trends including user-generated content, eBooks and digital publishing and marketing technologies.

Sell $116M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-03 Paula s Choice

Kent, Washington, United States

Paula's Choice is one of the largest digitally-native beauty brands in the world. Paula Begoun, Paula’s Choice has grown into a leading global skincare brand with a diversified geographic reach, a methodically curated product offering, and a loyal customer base that is supported by a global direct-to-consumer (“DTC”) model. Paula's Choice was founded in 1984 and is based in Kent, Washington.

Buy -