M&A Deal Summary

The Riverside Company Acquires BuildOut

On July 21, 2020, private equity firm The Riverside Company acquired software company BuildOut from Susquehanna Growth Equity

Acquisition Highlights
  • This is The Riverside Company’s 20th transaction in the Software sector.
  • This is The Riverside Company’s 176th transaction in the United States.
  • This is The Riverside Company’s 9th transaction in Illinois.

M&A Deal Summary
Date 2020-07-21
Target BuildOut
Sector Software
Buyer(s) The Riverside Company
Sellers(s) Susquehanna Growth Equity
Deal Type Secondary Buyout
Advisor(s) Software Equity Group LLC (Financial)

Target

BuildOut

Chicago, Illinois, United States
website
BuildOut is a commercial real estate marketing software company that provides SaaS-based marketing and customer relationship management software to commercial real estate brokerages. Buildout’s software is designed to manage the entire sale or lease process of a property from initial prospecting to the ultimate closing, including automating the creation of marketing materials, reaching prospective buyers and tenants, powering brokerage listings pages, and sharing transactional documents with all involved parties in a transaction. BuildOut was formed in 2010 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 255 of 282
Sector (Software) 20 of 23
Type (Secondary Buyout) 41 of 45
State (Illinois) 9 of 9
Country (United States) 176 of 194
Year (2020) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-26 ActivStyle

Minneapolis, Minnesota, United States

ActivStyle, Inc. is a distributor of medical supplies and specializes in incontinence products. The company offers a wide array of incontinence and related products, fast shipment, monthly recurring home delivery, and customer service that makes life easier for home care patients and caregivers. ActivStyle was founded in 1996 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 American Stock Transfer & Trust

Brooklyn, New York, United States

American Stock Transfer & Trust Co. LLC (AST) is a full-service, tech-enabled professional services firm that helps companies and shareholders across North America maintain momentum through the use of secure corporate data, analytics, advisory services, and a strategic approach to every interaction. AST was established in 1971 and is based in Brooklyn, New York.

Sell $165M

Seller(S) 1

SELLER

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $5 to $50 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 21 of 30
Sector (Software) 5 of 7
Type (Secondary Buyout) 7 of 7
State (Illinois) 2 of 2
Country (United States) 19 of 26
Year (2020) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Clutch

Washington, District of Columbia, United States

Clutch Co. is a B2B ratings and reviews platform for IT, Marketing, and Business Services providers. Clutch’s B2B ratings and reviews database provides B2B buyers with unbiased ratings, reviews, and insights to find B2B services firms that deliver, enabling them to make the best B2B services buying & hiring decisions. Clutch Co. was established in 2013 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Fundera

New York, New York, United States

Fundera, Inc. is an online marketplace that connects small business owners with the best funding providers for their businesses by working with prescreened lenders to assemble the highest quality funding sources. Fundera was established in 2013 and is based in New York City.

Sell -
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