Investment Summary

Providence Equity Partners and Genstar Capital Invest In Stack Sports

On April 4, 2016, private equity firms Providence Equity Partners and Genstar Capital invested in software company Stack Sports

Investment Highlights
  • This is Providence Equity Partners’ 6th and Genstar Capital’s 3rd transaction in the Software sector.
  • This is Providence Equity Partners’ 56th and Genstar Capital’s 49th transaction in the United States.
  • This is Providence Equity Partners’ 4th and Genstar Capital’s 3rd transaction in Texas.

Investment Summary
Date 2016-04-04
Target Stack Sports
Sector Software
Investor(s) Providence Equity Partners
Genstar Capital
Deal Type Growth Capital
Advisor(s) Harris Williams & Co. (Financial)
Weil Gotshal & Manges
Morgan Lewis (Legal)

Target

Stack Sports

Plano, Texas, United States
website
Stack Sports is a developer of easy-to-use team management software solutions for national governing bodies, youth sports leagues, clubs and associations. Companies under the Blue Star Sports platform include Bonzi, Pointstreak, Goalline, PrimeTime Sports, SDI Camps, LeagueLineup, RaceWire, and CaptainU. Stack Sports was founded in 2016 and is headquartered in Plano, Texas.

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Investor(S) 2

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 90 of 133
Sector (Software) 6 of 15
Type (Growth Capital) 12 of 26
State (Texas) 4 of 6
Country (United States) 56 of 84
Year (2016) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-14 Starman

Tallinn, Estonia

Starman is a cable TV operator, that provides several bundled service packages offering "triple play" service: video programs, broadband internet connection, and voice telephony. It is also involved in the provision of terrestrial digital video services. Starman was founded in 1992 and is based in Tallinn, Estonia.

Buy €81M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 AcadeMedia

Stockholm, Sweden

AcadeMedia is an education company in Sweden with operations spanning pre and compulsory school, upper secondary school and adult education. The company operates more than 150 schools and adult education units across Sweden and has approximately 2,500 employees and 45,000 students. AcadeMedia was founded in 1996 and is based in Stockholm, Sweden.

Sell -
Investor

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 54 of 107
Sector (Software) 3 of 12
Type (Growth Capital) 2 of 8
State (Texas) 3 of 8
Country (United States) 49 of 99
Year (2016) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-23 Netsmart

Overland Park, Kansas, United States

Netsmart is a provider of enterprise software and software as a service (SaaS) solutions for health and human services providers. Netsmart provides technology and expertise to help health and human services providers deliver effective, outcomes-based services and care to more than 25 million persons nationwide. Netsmart clients include mental health and addiction services agencies, health homes, psychiatric hospitals, private and group mental health practices, public health departments, social services, child and family services agencies, managed care organizations and vital records offices. Netsmart was founded in 1968 and is based in Overland Park, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 AssetMark

Concord, California, United States

AssetMark is a provider of extensive wealth management and technology solutions that power independent financial advisers and their clients. AssetMark provides an end-to-end experience, spanning nearly all elements of an adviser’s engagement with his or her client from initial conversations to ongoing financial planning discussions, including performance reporting and billing. AssetMark is was incorporated in 1996 and is based in Concord, California.

Sell -
Mergr

Product

Company

Legal