Banneker Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Banneker Partners has acquired 3 companies.

Banneker Partners’ most common sectors for investment are software (50%) and internet software and services (20%). The Firm’s most common investment types include divestiture (40%) and buyout (lbo, mbo, mbi) (20%). In total, Banneker Partners has invested in 6 US states. Its largest (disclosed) acquisition occurred in 2016 when it acquired Ancestry.com for $2.6B.

In the last 3 years, Banneker Partners has exited 4 companies. The Firm’s most common exit type is trade sale (75%). Banneker Partners’ largest (disclosed) exit occurred in 2020 when it sold Ancestry.com for $4.7B.

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M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity10
    • M&A Sell Activity4
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8

Banneker Partners LLC

600 Montgomery Street, 24th Floor,
San Francisco, California 94111
United States
(415) 992-9017
www.bannekerpartners.com
khufford@bannekerpartners.com

Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco.


Investment Criteria

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

Target Transaction Types: Buyout (LBO, MBO, MBI)

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.6/yr) # 7 - 1 1 1 - 10
vol $4.0B $4.0B
Sell (0.8/yr) # - - 2 - 2 - 4
vol $2.1B $4.7B $6.8B
  14

Most Recent M&A

Company Date Value Type
Colyar Technology Solutions 2020-09-29 - Secondary Buyout
Phoenix, Arizona · www.ccglink.com
Ancestry.com, Inc. 2020-08-05 4.7B USD Secondary Buyout
Provo, Utah · www.ancestry.com
Pepperjam LLC 2020-07-29 - Add-on Acquisition
Wilkes-Barre, Pennsylvania · www.pepperjam.com
Dairy.com 2019-08-29 - Buyout (LBO, MBO, MBI)
Frisco, Texas · www.dairy.com
IQMS.com 2018-12-11 425M USD Add-on Acquisition
Paso Robles, California · www.iqms.com
Routeware, Inc. 2018-09-01 - Buyout (LBO, MBO, MBI)
Portland, Oregon · www.routeware.com
Magento, Inc. 2018-05-21 1.7B USD Add-on Acquisition
Campbell, California · www.magento.com
Ancestry.com, Inc. 2016-04-01 2.6B USD Secondary Buyout
Provo, Utah · www.ancestry.com
SMRT Systems, Inc. 2015-12-01 - Growth Capital
San Francisco, California · www.smrtsystems.com
Magento, Inc. 2015-07-16 - Divestiture
Campbell, California · www.magento.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Genesys Telecommunications Laboratories, Inc. 2012-02-01 Bold360 2021-03-16 15
Daly City, California · www.genesys.com Boston, Massachusetts · www.bold360.com
Genesys Telecommunications Laboratories, Inc. 2012-02-01 Angel.com Incorporated 2013-02-26 14
Daly City, California · www.genesys.com Vienna, Virginia · www.angel.com

M&A by Sector

Sector Current # Value All-time # Value
Software 4 (67%) 1.4B (100%) 5 (50%) 1.4B (35%)
Internet Software and Services 1 (17%) - 2 (20%) -
Information Services - - 1 (10%) 2.6B (65%)
Information Technology 1 (17%) - 1 (10%) -
Marketing - - 1 (10%) -
Total 6 $1.4B 10 $4.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 6 (100%) 1.4B (100%) 10 (100%) 4.0B (100%)
  California 2 (33%) 1.4B (100%) 4 (40%) 1.4B (35%)
  Oregon 2 (33%) - 2 (20%) -
  Texas 1 (17%) - 1 (10%) -
  Arizona 1 (17%) - 1 (10%) -
  Utah - - 1 (10%) 2.6B (65%)
  Pennsylvania - - 1 (10%) -
Total 6 $1.4B 10 $4.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 2 (33%) 1.4B (100%) 4 (40%) 1.4B (35%)
Secondary Buyout 1 (17%) - 2 (20%) 2.6B (65%)
Buyout (LBO, MBO, MBI) 2 (33%) - 2 (20%) -
Growth Capital 1 (17%) - 2 (20%) -
Total 6 $1.4B 10 $4.0B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (50%) 2.1B (31%)
Secondary Sale 1 (25%) 4.7B (69%)
Trade Sale 1 (25%) -
Total 4 $6.8B

Deal Values

buy # Total
> $1B 2 $4.0B
TOTAL $4.0B
Largest Ancestry.com, Inc.
$2.6B (2016-04-01)
sell # Total
> $1B 2 $6.4B
$100M to $1B 1 $425M
TOTAL $6.8B
Largest Ancestry.com, Inc.
$4.7B (2020-08-05)

M&A Connections

Deals
Acquired from
Investor(s)
20%
2 (20%)
Strategic(s)
40%
4 (40%)
Exited to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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