Crescent Cove Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Crescent Cove has invested in 8 companies.

Crescent Cove’s most common sectors for investment areinformation technology (25%) and software (17%) . The Firm’s most common investment types include growth capital (50%) and venture (42%). In total, Crescent Cove has invested in 7 US states. Its largest (disclosed) acquisition occurred in 2012 when it acquired Ember for $72M.

In the last 3 years, Crescent Cove has exited 2 companies. The Firm’s most common exit type is trade sale (50%).

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M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity12
    • M&A Sell Activity2
  • Total Sectors Invested 9
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5

Crescent Cove

Crescent Cove Advisors LP

1700 Montgomery Street, Suite 240,
San Francisco, California 94111
United States
(415) 800-2289
www.crescentcove.com
contact@crescentcove.com

Crescent Cove is a private equity firm focused on investments in founder-led technology companies. The Firm invests in a variety of industries including business services, information technology, software, and technology hardware. Crescent Cove was founded in 2016 and is headquartered in San Francisco, California.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Consumer Products, Distribution, Information Technology, Life Science, Manufacturing, Marketing, Real Estate, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Venture

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 (1.8/yr) # 3 1 4 3 1 - 12
vol $72M $72M
Sell (0.4/yr) # - - 1 - - 1 2
  14

Most Recent M&A

Company Date Value Type
care.ai, inc. 2024-08-12 - Trade Sale
Orlando, Florida · www.care.ai
Lambda, Inc. 2023-03-21 - Venture
San Francisco, California · www.lambdalabs.com
care.ai, inc. 2022-11-21 - Venture
Orlando, Florida · www.care.ai
Onerent, Inc. 2022-03-28 - Venture
Cupertino, California · www.poplarhomes.com
Kingsley Gate Partners LLC 2022-02-02 - Growth Capital
Dallas, Texas · www.kingsleygate.com
Advocado, Inc. 2021-12-15 - Growth Capital
St. Louis, Missouri · www.myadvocado.com
Robotic Research 2021-12-09 - Venture
Clarksburg, Maryland · www.rr.ai
HaptX, Inc. 2021-11-23 - Growth Capital
Redmond, Washington · www.haptx.com
Udemy, Inc. 2021-10-29 - IPO
San Francisco, California · www.udemy.com
Motiv Power Systems, Inc. 2021-01-12 - Growth Capital
Foster City, California · www.motivps.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 2 (20%) - 3 (25%) -
Software 2 (20%) - 2 (17%) -
Semiconductors 1 (10%) 72M (100%) 1 (8%) 72M (100%)
Automotive 1 (10%) - 1 (8%) -
Business Services 1 (10%) - 1 (8%) -
Education - - 1 (8%) -
Marketing 1 (10%) - 1 (8%) -
Real Estate 1 (10%) - 1 (8%) -
Technology Hardware 1 (10%) - 1 (8%) -
Total 10 $72M 12 $72M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (100%) 72M (100%) 12 (100%) 72M (100%)
  California 5 (50%) 72M (100%) 6 (50%) 72M (100%)
  Texas 1 (10%) - 1 (8%) -
  New York 1 (10%) - 1 (8%) -
  Missouri 1 (10%) - 1 (8%) -
  Maryland 1 (10%) - 1 (8%) -
  Washington 1 (10%) - 1 (8%) -
  Florida - - 1 (8%) -
Total 10 $72M 12 $72M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 6 (60%) - 6 (50%) -
Venture 3 (30%) - 5 (42%) -
Add-on Acquisition 1 (10%) 72M (100%) 1 (8%) 72M (100%)
Total 10 $72M 12 $72M

Exits by Deal Type

Type Total # Value
IPO 1 (50%) -
Trade Sale - Public Company 1 (50%) -
Total 2 -

Deal Values

buy # Total
< $100M 1 $72M
TOTAL $72M
Largest Ember Corp.
$72M (2012-07-09)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Exited to
Strategic(s)
50%
1 (50%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2016

Specialist/Generalist

Generalist

Leadership

Jun Hong Heng

Founder & CIO

K.V. Dhillon

Managing Director

Yulia Sali

Finance Director

Todd Lee

General Counsel

Doreen Xu

Vice President

FAQ

When was Crescent Cove founded?

Crescent Cove was founded in 2016.

What type of investor is Crescent Cove ?

Crescent Cove is a private equity firm.

Where is Crescent Cove headquartered?

Crescent Cove is headquartered in San Francisco, California.

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