M&A Deal Summary

Mill Point Capital Acquires Avenu Insights & Analytics

On January 24, 2017, private equity firm Mill Point Capital acquired software company Avenu Insights & Analytics from PRA Group

Acquisition Highlights
  • This is Mill Point Capital’s 1st transaction in the Software sector.
  • This is Mill Point Capital’s 6th transaction in the United States.
  • This is Mill Point Capital’s 2nd transaction in Virginia.
Investment Fate
  • Avenu Insights & Analytics was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2017-01-24
Target Avenu Insights & Analytics
Sector Software
Buyer(s) Mill Point Capital
Sellers(s) PRA Group
Deal Type Divestiture

Target

Avenu Insights & Analytics

Centreville, Virginia, United States
website
Avenu Insights & Analytics is a provider of integrated administrative, revenue enhancement and payment software and solutions to state and local governments Avenu Insights & Analytics was founded in 1978 and is based in Centreville, Virginia.

Search 191,421 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.


DEAL STATS #
Overall 6 of 22
Sector (Software) 1 of 2
Type (Divestiture) 2 of 5
State (Virginia) 2 of 2
Country (United States) 6 of 21
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Outworx Group

Westbury, New York, United States

Outworx Group is a provider of diversified municipal and facility maintenance services. Outworx Group was founded in 1981 and is headquartered in Westbury, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-22 Atlantix Global Systems

Norcross, Georgia, United States

Atlantix Global Systems LLC is a secondary market hardware supplier with extensive refurbishment, sourcing, distribution and maintenance service capabilities. CXtec creates world-class brands of hardware, maintenance and support alternatives allowing its customers to maximize their technology lifecycle. Its brand of equal2new certified pre-owned networking and voice equipment is backed by an industry-leading lifetime warranty. Its IT asset disposition services maximize the value of used technology. Its RapidCare third-party maintenance offering provides an alternative to OEM support at a fraction of the cost.

Sell -

Seller(S) 1

SELLER

PRA Group

Norfolk, Virginia, United States

website


Category Company
Founded 1996
Sector Financial Services
Employees3,822
Revenue 967M USD (2022)
DESCRIPTION

PRA Group is a financial services company. PRA's primary business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others. The accounts PRA acquires are the unpaid obligations of individuals owed to credit grantors, which primarily include banks, and other types of consumer, retail, and auto finance companies. The Company also provides fee-based services, including contingent collections of defaulted finance receivables in Europe, vehicle location, skip tracing and collateral recovery services for auto lenders, governments and law enforcement via PRA Location Services, LLC, revenue administration, audit and debt discovery/recovery services for local government entities through PRA Government Services, LLC and MuniServices, LLC and class action claims recovery services and related payment processing via Claims Compensation Bureau, LLC. PRA Group was founded in 1996 and is based in Norfolk, Virginia.


DEAL STATS #
Overall 1 of 4
Sector (Software) 1 of 1
Type (Divestiture) 1 of 4
State (Virginia) 1 of 1
Country (United States) 1 of 4
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 eGov Systems

Baton Rouge, Louisiana, United States

eGov Systems LLC is a provider of web-based payment portals and integrated revenue administration solutions for the government sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-26 MuniServices

Fresno, California, United States

MuniServices LLC is a provider of innovative revenue enhancement and other related services to state and local governments. MuniServices counts more than 250 such jurisdictions as clients, including various municipalities in California, Florida, Georgia, Nevada, Pennsylvania, Texas, and the District of Columbia.

Sell -