Banneker Partners Mergers and Acquisitions Summary

Private Equity Profile

Banneker Partners’ most common sectors for investment are internet software and services (34%) and software (34%). The Firm’s most common investment types include divestiture (50%) and growth capital (34%). In total, Banneker Partners has invested in 3 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 2 companies. The Firm’s most common exit type is trade sale (100%). Banneker Partners’ largest (disclosed) exit occurred in 2018 when it sold Magento for $1.7B.

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M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5

Banneker Partners LLC

600 Montgomery Street, 24th Floor,
San Francisco, California 94111
United States,
(415)439-0602
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 ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 5 1 - - - - 6
vol $1.4B $2.6B $4.0B
Sell (0.4/yr) # - - - 2 - - 2
vol $2.1B $2.1B
  8

Most Recent M&A

Company Date Value Type
IQMS.com 2018-12-11 425M USD Add-on Acquisition
Paso Robles, California · www.iqms.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
Pepperjam LLC 2015-07-16 - Divestiture
Wilkes-Barre, Pennsylvania · www.pepperjam.com
IQMS.com 2014-08-04 - Growth Capital
Paso Robles, California · www.iqms.com
Genesys Telecommunications Laboratories, Inc. 2012-02-01 1.4B EUR Divestiture
Daly City, California · www.genesys.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Genesys Telecommunications Laboratories, Inc. 2012-02-01 Altocloud Ltd. 2018-02-27 13
Daly City, California · www.genesys.com Mountain View, California · www.altocloud.com
Genesys Telecommunications Laboratories, Inc. 2012-02-01 Silver Lining Solutions Ltd. 2017-02-27 12
Daly City, California · www.genesys.com Solihull, United Kingdom · www.silverliningsolutions.co.uk
Genesys Telecommunications Laboratories, Inc. 2012-02-01 Interactive Intelligence Group, Inc. 2016-08-31 11
Daly City, California · www.genesys.com Indianapolis, Indiana · www.inin.com
Pepperjam LLC 2015-07-16 AdAssured 2016-07-27 3
Wilkes-Barre, Pennsylvania · www.pepperjam.com Oceanside, California · www.adassured.com
Ancestry.com, Inc. 2016-04-01 Adpay, Inc. 2016-05-18 1
Provo, Utah · www.ancestry.com Englewood, Colorado · www.adpay.com
Pepperjam LLC 2015-07-16 eBay Enterprise Marketing Solutions - Studio Division 2016-03-28 2
Wilkes-Barre, Pennsylvania · www.pepperjam.com , United States
Pepperjam LLC 2015-07-16 AffiliateTraction 2016-01-11 2
Wilkes-Barre, Pennsylvania · www.pepperjam.com Santa Cruz, California · www.affiliatetraction.com
Genesys Telecommunications Laboratories, Inc. 2012-02-01 SpeechStorm Ltd. 2015-12-21 10
Daly City, California · www.genesys.com Belfast, United Kingdom · www.speechstorm.com
Pepperjam LLC 2015-07-16 eBay Enterprise Marketing Solutions - Display Retargeting Business 2015-11-18 1
Wilkes-Barre, Pennsylvania · www.pepperjam.com , United States
Pepperjam LLC 2015-07-16 Digital Net Agency, Inc. 2015-11-09 1
Wilkes-Barre, Pennsylvania · www.pepperjam.com Dallas, Pennsylvania · www.digitalnetagency.com

M&A by Sector

Sector Current # Value All-time # Value
Software 1 (25%) 1.4B (35%) 2 (33%) 1.4B (35%)
Internet Software and Services 1 (25%) - 2 (33%) -
Information Services 1 (25%) 2.6B (65%) 1 (17%) 2.6B (65%)
Marketing 1 (25%) - 1 (17%) -
Total 4 $4.0B 6 $4.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 4 (100%) 4.0B (100%) 6 (100%) 4.0B (100%)
  California 2 (50%) 1.4B (35%) 4 (67%) 1.4B (35%)
  Utah 1 (25%) 2.6B (65%) 1 (17%) 2.6B (65%)
  Pennsylvania 1 (25%) - 1 (17%) -
Total 4 $4.0B 6 $4.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 2 (50%) 1.4B (35%) 3 (50%) 1.4B (35%)
Growth Capital 1 (25%) - 2 (33%) -
Secondary Buyout 1 (25%) 2.6B (65%) 1 (17%) 2.6B (65%)
Total 4 $4.0B 6 $4.0B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (100%) 2.1B (100%)
Total 2 $2.1B

Deal Values

buy # Total
> $1B 2 $4.0B
TOTAL $4.0B
Largest Ancestry.com, Inc.
$2.6B (2016-04-01)
sell # Total
> $1B 1 $1.7B
$100M to $1B 1 $425M
TOTAL $2.1B
Largest Magento, Inc.
$1.7B (2018-05-21)

M&A Connections

Deals %
Acquired from
PE Firm(s)
40%
2 40%
Strategic(s)
60%
3 60%
Exited to
Strategic(s)
100%
2 100%