Banneker Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Banneker Partners has acquired 2 companies. It has also invested in 7 others.

Banneker Partners’ most common sectors for investment aresoftware (64%) and internet software and services (22%) . The Firm’s most common investment types include growth capital (43%) and buyout (lbo, mbo, mbi) (22%). In total, Banneker Partners has invested in 9 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Ancestry.com for $2.6B.

In the last 3 years, Banneker Partners has exited 1 company. The Firm’s most common exit type is trade sale (80%). 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 Activity24
    • M&A Buy Activity19
    • M&A Sell Activity5
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9
  • M&A Advisors 2

Banneker Partners

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 (2.0/yr) # 9 1 1 6 1 1 19
vol $4.0B $33M $4.0B
Sell (0.6/yr) # 2 2 - - - 1 5
vol $2.1B $4.7B $6.8B
  24

Most Recent M&A

Company Date Value Type
Fluence Technologies 2024-04-26 - Trade Sale
Toronto, Ontario · www.fluencetech.com
XBE LLC 2024-01-25 - Growth Capital
Kansas City, Missouri · www.x-b-e.com
HS GovTech Solutions, Inc. 2023-09-18 33M USD Going Private
Charlotte, North Carolina · www.hsgovtech.com
Surgimate 2022-09-20 - Stake Purchase
New York, New York · www.surgimate.com
L7 Informatics, Inc. 2022-06-07 - Growth Capital
Austin, Texas · www.l7informatics.com
Hint Health, Inc. 2022-06-01 - Growth Capital
San Francisco, California · www.hint.com
Eyelit, Inc. 2022-03-22 - Growth Capital
Mississauga, Ontario · www.eyelit.com
SuccessKPI, Inc. 2022-01-13 - Growth Capital
Fairfax County, Virginia · www.successkpi.com
Xytech Systems LLC 2022-01-05 - Buyout (LBO, MBO, MBI)
Chatsworth, California · www.xytechsystems.com
Fluence Technologies 2021-05-04 - Growth Capital
Toronto, Ontario · www.fluencetech.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Versaterm, Inc. 2020-12-08 IAPro 2023-03-16 9
Ottawa, Ontario · www.versaterm.com Vancouver, British Columbia · www.iapro.com
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 9 (69%) 1.4B (98%) 12 (63%) 1.4B (35%)
Internet Software and Services 3 (23%) 33M (2%) 4 (21%) 33M (1%)
Information Services - - 1 (5%) 2.6B (65%)
Information Technology 1 (8%) - 1 (5%) -
Marketing - - 1 (5%) -
Total 13 $1.4B 19 $4.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (85%) 1.4B (100%) 16 (84%) 4.0B (100%)
  California 4 (31%) 1.4B (98%) 6 (32%) 1.4B (35%)
  Texas 2 (15%) - 2 (11%) -
  Oregon 1 (8%) - 2 (11%) -
  North Carolina 1 (8%) 33M (2%) 1 (5%) 33M (1%)
  Virginia 1 (8%) - 1 (5%) -
  New York 1 (8%) - 1 (5%) -
  Missouri 1 (8%) - 1 (5%) -
  Utah - - 1 (5%) 2.6B (65%)
  Pennsylvania - - 1 (5%) -
Canada 2 (15%) - 3 (16%) -
  Ontario 2 (15%) - 3 (16%) -
Domestic 11 (85%) 1.4B (100%) 16 (84%) 4.0B (100%)
Cross-border 2 (15%) - 3 (16%) -
Total 13 $1.4B 19 $4.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 6 (46%) - 8 (42%) -
Divestiture 2 (15%) 1.4B (98%) 4 (21%) 1.4B (35%)
Buyout (LBO, MBO, MBI) 3 (23%) - 4 (21%) -
Secondary Buyout - - 1 (5%) 2.6B (65%)
Going Private 1 (8%) 33M (2%) 1 (5%) 33M (1%)
Stake Purchase 1 (8%) - 1 (5%) -
Total 13 $1.4B 19 $4.0B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (40%) 2.1B (31%)
Trade Sale 2 (40%) -
Secondary Sale 1 (20%) 4.7B (69%)
Total 5 $6.8B

Top M&A Advisors

Legal Deals
Orrick
 1
Stikeman Elliott
 1

Deal Values

buy # Total
> $1B 2 $4.0B
< $100M 1 $33M
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)
5%
1 (5%)
Strategic(s)
21%
4 (21%)
Exited to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

1.0B USD

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 founded?

Banneker Partners was founded in 2010.

What type of investor is Banneker Partners?

Banneker Partners is a private equity firm.

Where is Banneker Partners headquartered?

Banneker Partners is headquartered in San Francisco, California.

How much capital does Banneker Partners have under management?

Banneker Partners has 1.0B USD under management.

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