M&A Deal Summary

Perfect Commerce Acquires Commerce One

On February 7, 2006, Perfect Commerce acquired internet software and services company Commerce One from Comvest Partners

Acquisition Highlights
  • This is Perfect Commerce’s 1st transaction in the Internet Software and Services sector.
  • This is Perfect Commerce’s 1st transaction in the United States.
  • This is Perfect Commerce’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2006-02-07
Target Commerce One
Sector Internet Software and Services
Buyer(s) Perfect Commerce
Sellers(s) Comvest Partners
Deal Type Add-on Acquisition

Target

Commerce One

Greenville, South Carolina, United States
Commerce One Inc. provides e-commerce and supplier relationship management solutions to manage business processes.

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Buyer(S) 1

Buyer

Perfect Commerce

Newport News, Virginia, United States

website

Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Perfect Commerce is a global provider of spend management solutions with operations in the US, UK and Europe. Company develops and sells cloud-based, technology-led, spend management solutions for the public and private sector markets.

DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (South Carolina) 1 of 1
Country (United States) 1 of 2
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Supply Chain Connect

Houston, Texas, United States

Supply Chain Connect (SCC), formally ChemConnect, a prominent supplier network software provider, specializing in the direct materials purchasing needs of cable, chemical and manufacturing industries with robust inventory management functions.

Buy -

Seller(S) 1

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.

DEAL STATS #
Overall 1 of 40
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 22
State (South Carolina) 1 of 1
Country (United States) 1 of 40
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-03 Allegiant

Las Vegas, Nevada, United States

Allegiant operates a low-cost, high-efficiency, all-jet passenger airline through its subsidiary, Allegiant Air. Allegiant was incorporated in 1997 and is headquartered in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-21 Digital Domain

Venice, California, United States

Digital Domain is a visual effect and animation company that creates state-of-the-art digital imagery for feature films, television advertising, interactive visual media, and the video game industries. Digital Domain was established in 1993 and is based in Venice, California.

Buy -
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