Banneker Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Banneker Partners has invested in 2 companies.

Banneker Partners’ most common sectors for investment aresoftware (59%) and internet software and services (17%) . The Firm’s most common investment types include divestiture (34%) and growth capital (34%). In total, Banneker Partners has invested in 6 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Ancestry.com for $2.6B.

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 Activity16
    • M&A Buy Activity12
    • M&A Sell Activity4
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8

Banneker Partners LLC

480 Pacific Avenue, Suite 200,
San Francisco, California 94133
United States
(415) 758-4177
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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 9 1 1 1 - - 12
vol $4.0B $4.0B
Sell (0.4/yr) # 2 2 - - - - 4
vol $2.1B $4.7B $6.8B
  16

Most Recent M&A

Company Date Value Type
Surgimate 2022-09-20 - Stake Purchase
New York, New York · www.surgimate.com
Fluence Technologies 2021-05-04 - Growth Capital
Toronto, Ontario · www.fluencetech.com
Versaterm, Inc. 2020-12-08 - Growth Capital
Ottawa, Ontario · www.versaterm.com
Ancestry.com, Inc. 2020-08-05 4.7B USD Secondary Sale
Provo, Utah · www.ancestry.com
Pepperjam LLC 2020-07-29 - Trade Sale
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 Trade Sale
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 Trade Sale
Campbell, California · www.magento.com
Ancestry.com, Inc. 2016-04-01 2.6B USD Secondary Buyout
Provo, Utah · www.ancestry.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Genesys Cloud Services, Inc. 2012-02-01 Pointillist, Inc. 2021-10-07 18
Menlo Park, California · www.genesys.com Boston, Massachusetts · www.pointillist.com
Genesys Cloud Services, Inc. 2012-02-01 Bold360 2021-03-16 17
Menlo Park, California · www.genesys.com Boston, Massachusetts · www.bold360.com
Genesys Cloud Services, Inc. 2012-02-01 Angel.com Incorporated 2013-02-26 16
Menlo Park, California · www.genesys.com Vienna, Virginia · www.angel.com

M&A by Sector

Sector Current # Value All-time # Value
Software 6 (75%) 1.4B (100%) 7 (58%) 1.4B (35%)
Internet Software and Services 1 (13%) - 2 (17%) -
Information Services - - 1 (8%) 2.6B (65%)
Information Technology 1 (13%) - 1 (8%) -
Marketing - - 1 (8%) -
Total 8 $1.4B 12 $4.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 6 (75%) 1.4B (100%) 10 (83%) 4.0B (100%)
  California 2 (25%) 1.4B (100%) 4 (33%) 1.4B (35%)
  Oregon 2 (25%) - 2 (17%) -
  New York 1 (13%) - 1 (8%) -
  Texas 1 (13%) - 1 (8%) -
  Utah - - 1 (8%) 2.6B (65%)
  Pennsylvania - - 1 (8%) -
Canada 2 (25%) - 2 (17%) -
  Ontario 2 (25%) - 2 (17%) -
Domestic 6 (75%) 1.4B (100%) 10 (83%) 4.0B (100%)
Cross-border 2 (25%) - 2 (17%) -
Total 8 $1.4B 12 $4.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 2 (25%) 1.4B (100%) 4 (33%) 1.4B (35%)
Growth Capital 3 (38%) - 4 (33%) -
Buyout (LBO, MBO, MBI) 2 (25%) - 2 (17%) -
Secondary Buyout - - 1 (8%) 2.6B (65%)
Stake Purchase 1 (13%) - 1 (8%) -
Total 8 $1.4B 12 $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)
8%
1 (8%)
Strategic(s)
33%
4 (33%)
Exited to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2010

Specialist/Generalist

Specialist

Leadership

Stephen Davis

Founder & Managing Partner

Mark Shang

CFO

Kenneth Frank

Partner

Matt McDonald

Partner

Lama Jamo

Operating Director

FAQ

When was Banneker Partners LLC founded?

Banneker Partners LLC was founded in 2010.

What type of investor is Banneker Partners LLC?

Banneker Partners LLC is a private equity firm.

Where is Banneker Partners LLC headquartered?

Banneker Partners LLC is headquartered in San Francisco, California.

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