M&A Deal Summary

VSS Capital Partners and Trivest Partners Acquire QBSS

On October 7, 2019, private equity firms VSS Capital Partners and Trivest Partners acquired business services company QBSS from Olympus Capital Holdings Asia

Acquisition Highlights
  • This is VSS Capital Partners’ 16th and Trivest Partners’ 7th transaction in the Business Services sector.
  • This is VSS Capital Partners’ 62nd and Trivest Partners’ 52nd transaction in the United States.
  • This is VSS Capital Partners’ 4th and Trivest Partners’ 5th transaction in Georgia.

M&A Deal Summary

Date 2019-10-07
Target QBSS
Sector Business Services
Buyer(s) VSS Capital Partners
Trivest Partners
Sellers(s) Olympus Capital Holdings Asia
Deal Type Secondary Buyout

Target

QBSS

Marietta, Georgia, United States
website
QBSS serves small and medium-sized businesses across North America and global enterprise customers across North America and Europe. The Company provides an integrated portfolio of BPO services, including accounting, finance, billing, human resources, payroll, tax, IT help desk, technical support, and other back-office services to a wide range of industries. QBSS’s unique capabilities have enabled its customers to experience excellent process and operational improvements in their businesses, while reducing operating costs. The Company has significant experience supporting multi-unit restaurant and retail operations for franchise operators, as well as non-profit organizations, hospitals and other businesses. QBSS’s customers are supported by over 750 dedicated employees and delivery centers and offices across Atlanta, Chicago, Illinois, St. Paul, Minnesota, and India.

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Buyer(S) 2

Buyer

VSS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 81 of 95
Sector (Business Services) 16 of 19
Type (Secondary Buyout) 12 of 12
State (Georgia) 4 of 4
Country (United States) 62 of 76
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 GreenSlate

New York, New York, United States

GreenSlate is a provider of technology-enabled payroll and accounting solutions for the entertainment industry. The company advances the business of content production by seamlessly integrating people, processes, and technology to meet the essential business needs of content producers. Its technology, tax management, and benefits services enable production teams to focus more on what they do best - creating inspiring content. GreenSlate was founded in 2004 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 Powerhouse

Crowley, Texas, United States

Powerhouse is a provider of high-volume, multi-site rollouts, and refreshes, as well as recurrent facilities maintenance services. Powerhouse has primarily served customers in the food service, retail, and hospitality segments and is expanding in the financial and healthcare sector. Powerhouse was founded in 1996 and is based in Crowley, Texas.

Buy -
Buyer

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 57 of 80
Sector (Business Services) 7 of 14
Type (Secondary Buyout) 1 of 1
State (Georgia) 5 of 7
Country (United States) 52 of 70
Year (2019) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 BCC Engineering

Miami, Florida, United States

BCC Engineering is a full-service engineering firm that provides planning, design and management services for transportation, civil and structural related engineering projects in Florida. The Company is headquartered in Miami, FL with five offices strategically located throughout the state.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Total Power

Mississauga, Ontario, Canada

Total Power is a Canadian Distributor of Power Generation Solutions that has been in business since 1959. Operating from locations throughout British Columbia, Alberta and Ontario, Total Power provides a full complement of sales, rentals and service support for standby, mobile and prime power generator systems ranging from 10kW to 2,000kW and beyond.

Buy -

Seller(S) 1

SELLER

Olympus Capital Holdings Asia

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Olympus Capital Holdings Asia Limited is a private equity firm that targets investments throughout Asia, including Japan, Korea, India and Greater China. Target industries include agribusiness/food, business services, environmental services/alternative energy, financial services, manufacturing and natural resources. Olympus Capital was formed in 1997 and has offices in Hong Kong, New York, Seoul, Shanghai, New Delhi, and Tokyo.


DEAL STATS #
Overall 5 of 5
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-25 Thai Credit Retail Bank

Bangkok, Thailand

Thai Credit Retail Bank is an operator of a bank in Thailand underpinned by a rapidly expanding portfolio of high yielding micro-SME (MSME) and microfinance loans. Thai Credit Retail Bank is based in Bangkok, Thailand.

Buy -