Investment Summary

EdgeStone Capital Partners Invests In INEA

On May 28, 2004, private equity firm EdgeStone Capital Partners invested in software company INEA

Investment Highlights
  • This is EdgeStone Capital Partners’ 1st transaction in the Software sector.
  • This is EdgeStone Capital Partners’ 7th transaction in Canada.
  • This is EdgeStone Capital Partners’ 6th transaction in Ontario.
Investment Fate
  • INEA was sold to a strategic buyer in 2005.

Investment Summary

Date 2004-05-28
Target INEA
Sector Software
Investor(s) EdgeStone Capital Partners
Deal Type Venture

Target

INEA

Toronto, Ontario, Canada
INEA Corporation provides enterprise planning, forecasting and reporting software solutions that meet the needs of the world's largest and most complex organizations who have multiple lines of business; geographies; product lines and customer segments. Co-developed with a leading financial institution, the INEA platform provides rich out-of-the-box functionally to meet the unique requirements of finance departments across all verticals. With its singular focus and demonstrated expertise in this market, INEA helps finance departments streamline their planning process, create confidence in numbers, and engage in "what if" scenario modeling. Today, more than 7,000 users in 44 countries rely on the INEA platform.

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Investor(S) 1

Investor

EdgeStone Capital Partners

Toronto, Ontario, Canada

Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

EdgeStone Capital Partners, Inc. is a private equity firm that targets middle market companies located in the Canada. The Firm targets to invest in companies with an EBITDA range $10 - $50 million and Enterprise value of $50 - $250 million. It seeks to invest in equity and equity related instruments and seeks to hold majority position and board seat in portfolio companies. Specific areas of interest include light manufacturing, business services, and consumer services. Type of transaction includes MBO, recapitalizations, growth capital, divestiture or non-core business and succession planning. EdgeStone Capital Partners, Inc. is based in Toronto, Ontario.


DEAL STATS #
Overall 7 of 24
Sector: Software M&A 1 of 7
Type: Venture M&A Deals 1 of 9
State: Ontario M&A 6 of 15
Country: Canada M&A 7 of 18
Year: 2004 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-23 Mitel

Ottawa, Ontario, Canada

Mitel is a telecommunications company providing voice and unified communications services, with market-leading positions in unified communications-as-a-service (“UCaaS”) and customer-owned solutions. Mitel was founded in 1973 and is based in Ottawa, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-28 Panorama Software

Toronto, Ontario, Canada

Panorama Software Ltd. is a provider of business intelligence (BI) solutions that empower individuals and global organizations with the ability to rapidly analyze data, identify trends, maximize business opportunities and improve corporate performance.

Buy -