Sumeru Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Sumeru Equity Partners has acquired 1 company. It has also invested in 3 others.

Sumeru Equity Partners’ most common sectors for investment areinternet software and services (58%) and software (34%) . The Firm’s most common investment types include growth capital (58%) and going private (15%). In total, Sumeru Equity Partners has invested in 8 US states and 6 different countries. Its largest (disclosed) acquisition occurred in 2011 when it acquired Smart Modular Technologies for $645M.

In the last 3 years, Sumeru Equity Partners has exited 4 companies. The Firm’s most common exit type is trade sale (55%). Sumeru Equity Partners’ largest (disclosed) exit occurred in 2019 when it sold Kyriba for $1.2B.

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M&A Summary

  • M&A Total Activity32
    • M&A Buy Activity21
    • M&A Sell Activity11
  • Total Sectors Invested 3
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 18
  • M&A Advisors 7

Sumeru Equity Partners

Sumeru Equity Partners, Inc.

2020 Pioneer Court,
San Mateo, California 94403
United States
(650) 522-3300
www.sumeruequity.com
contact@sumeruequity.com

Sumeru Equity Partners, Inc. is a technology-focused private equity firm that makes investments in mid-market software, technology enabled services, and hardware companies with a focus on growth. Sumeru Equity Partners typically invests between $25 and $200 million in companies with revenues greater than $10 million. Sumeru Equity Partners was formed in 2014 and is based in Foster City, California.


Investment Criteria

Sectors of Interest: Information Technology, Internet Software and Services, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Going Private, Growth Capital, PIPE, Venture, Merger

Geographic Preferences: East US, Midwest US, South US, West US, United Kingdom, Nordic, Latin/South America

Transaction Criteria Min Max
Target Revenue 10 -
Target EBITDA - -
Investment Size 50 250
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 16 1 1 2 1 - 21
vol $939M $257M $1.2B
Sell (1.2/yr) # 5 2 2 1 1 - 11
vol $1.2B $391M $1.6B
  32

Most Recent M&A

Company Date Value Type
Snow Software 2023-11-28 - Trade Sale
Solna, Sweden · www.snowsoftware.com
Q4, Inc. 2023-11-13 257M USD Going Private
Toronto, Ontario · www.q4inc.com
Mercury Healthcare, Inc. 2022-06-29 - Trade Sale
Denver, Colorado · www.mercuryhealthcare.com
Beqom SA 2022-04-12 - Growth Capital
Nyon, Switzerland · www.beqom.com
iProov Ltd. 2022-01-06 - Growth Capital
London, United Kingdom · www.iproov.com
Azuga, Inc. 2021-08-02 391M USD Trade Sale
San Jose, California · www.azuga.com
Loopio, Inc. 2021-04-08 - Growth Capital
Toronto, Ontario · www.loopio.com
Velocity Technology Solutions, Inc. 2021-01-06 - Trade Sale
Charlotte, North Carolina · www.velocitycloud.com
Cybera, Inc. 2020-12-08 - Trade Sale
Franklin, Tennessee · www.cybera.com
Ceros, Inc. 2020-07-23 - Growth Capital
New York, New York · www.ceros.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Calero Software LLC 2019-11-19 Market Data Services Ltd. 2019-11-19 3
Rochester, New York · www.calero.com Tunbridge Wells, United Kingdom · www.mdsl.com

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 7 (70%) 257M (100%) 12 (57%) 257M (21%)
Software 3 (30%) - 7 (33%) 294M (25%)
Technology Hardware - - 2 (10%) 645M (54%)
Total 10 $257M 21 $1.2B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 6 (60%) - 14 (67%) 939M (79%)
  California 3 (30%) - 6 (29%) 645M (54%)
  New York 2 (20%) - 2 (10%) -
  Ohio 1 (10%) - 1 (5%) -
  Colorado - - 1 (5%) 294M (25%)
  Tennessee - - 1 (5%) -
  North Carolina - - 1 (5%) -
  Massachusetts - - 1 (5%) -
  Arizona - - 1 (5%) -
Canada 2 (20%) 257M (100%) 2 (10%) 257M (21%)
  Ontario 2 (20%) 257M (100%) 2 (10%) 257M (21%)
United Kingdom 1 (10%) - 2 (10%) -
Switzerland 1 (10%) - 1 (5%) -
Brazil - - 1 (5%) -
Sweden - - 1 (5%) -
Total 10 $257M 21 $1.2B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 6 (60%) - 12 (57%) -
Going Private 1 (10%) 257M (100%) 3 (14%) 1.2B (100%)
Secondary Buyout 1 (10%) - 2 (10%) -
Venture 1 (10%) - 2 (10%) -
Buyout (LBO, MBO, MBI) - - 1 (5%) -
Recapitalization 1 (10%) - 1 (5%) -
Total 10 $257M 21 $1.2B

Exits by Deal Type

Type Total # Value
Trade Sale 5 (45%) 391M (25%)
IPO 2 (18%) -
Merger 2 (18%) -
Secondary Sale 1 (9%) 1.2B (75%)
Trade Sale - Public Company 1 (9%) -
Total 11 $1.6B

Top M&A Advisors

Financial Deals
Mooreland Partners LLC
 2
Canaccord Genuity Corp.
 1
Shea & Company LLC
 1
Legal Deals
Kirkland & Ellis
 1
Paul Hastings
 1
Gibson, Dunn & Crutcher
 1

Deal Values

buy # Total
$100M to $1B 3 $1.2B
TOTAL $1.2B
Largest Smart Modular Technologies, Inc.
$645M (2011-04-26)
sell # Total
> $1B 1 $1.2B
$100M to $1B 1 $391M
TOTAL $1.6B
Largest Kyriba Corp.
$1.2B (2019-03-28)

M&A Connections

Deals
Acquired from
Investor(s)
14%
3 (14%)
Exited to
Investor(s)
9%
1 (9%)
Strategic(s)
64%
7 (64%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2014

Specialist/Generalist

Specialist

Leadership

George Kadifa

Co-founder & Managing Director

Jason Babcoke

Co-Founder & Managing Director

John Brennan

Co-Founder & Managing Director

Paul Mercadante

Co-founder & Managing Director

Kyle Ryland

Co-founder & Managing Partner

FAQ

When was Sumeru Equity Partners founded?

Sumeru Equity Partners was founded in 2014.

What type of investor is Sumeru Equity Partners?

Sumeru Equity Partners is a private equity firm.

Where is Sumeru Equity Partners headquartered?

Sumeru Equity Partners is headquartered in San Mateo, California.

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