Kennet Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Kennet Partners has invested in 5 companies.

Kennet Partners’ most common sectors for investment are software (34%) and internet software and services (26%). The Firm’s most common investment types include venture (49%) and growth capital (26%). In total, Kennet Partners has invested in 9 US states and 10 different countries. Its largest (disclosed) acquisition occurred in 2009 when it acquired Buy Vip S.L. for $15M.

In the last 3 years, Kennet Partners has exited 4 companies. The Firm’s most common exit type is trade sale (83%). Kennet Partners’ largest (disclosed) exit occurred in 2000 when it sold Altitun AB for $872M.

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M&A Summary

  • M&A Total Activity73
    • M&A Buy Activity39
    • M&A Sell Activity34
  • Total Sectors Invested 9
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 38
  • M&A Advisors 1

Kennet Partners

First Floor 9-11 Kingly Street,
London, W1B 5PH
United Kingdom
+44-20-3004-3250
www.kennet.com
info@kennet.com

Kennet Partners Ltd. is a private investment firm that invests in fast-growing companies providing information technology products and technology-enabled services. Kennet typically commits $10 to $50 million of equity per transaction in companies with revenues up to $50 million. The Firm generally invests in businesses located in Western Europe and the US. In addition to providing growth capital, Kennet also finances private mergers, shareholder liquidity needs, corporate divestitures or spin-outs, and restructuring situations. Kennet Partners was formed in 1997 and has offices in London and Foster City, California.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Business Services, Communications, Digital Media, E-Commerce, Education, Information Technology, Internet Software and Services, Marketing, Media, Medical Products, Retail, Safety/Security, Semiconductors, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Special Situations/Distressed, Venture

Geographic Preferences: East US, Midwest US, South US, West US, United Kingdom, Western Europe, Eastern Europe

Transaction Criteria Min Max
Target Revenue 4 50
Target EBITDA - -
Investment Size 10 50
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.2/yr) # 33 1 1 - 2 2 39
vol $23M $23M
Sell (1.0/yr) # 29 1 3 - 1 - 34
vol $2.1B $163M $2.3B
  73

Most Recent M&A

Company Date Value Type
Codility Ltd. 2020-01-30 - Venture
London, United Kingdom · www.codility.com
Spatial Networks, Inc. 2020-01-06 - Venture
Clearwater, Florida · www.spatialnetworks.com
eloomi A/S 2019-07-31 - Venture
Copenhagen, Denmark · www.eloomi.com
BuyersRoad, Inc. 2019-04-23 - Venture
San Ramon, California · www.socialsurvey.com
KEMP Technologies, Inc. 2019-04-01 - Secondary Buyout
Yaphank, New York · www.kemptechnologies.com
Rimilia Holdings Ltd. 2017-07-24 - Venture
Worcs, United Kingdom · www.rimilia.com
Rivo Software Ltd. 2017-04-06 - Add-on Acquisition
Warwick, United Kingdom · www.rivosoftware.com
Rivo Software, Inc. 2017-04-06 - Add-on Acquisition
Stratford, Connecticut · www.rivosoftware.com
Trademob GmbH 2017-02-08 - Add-on Acquisition
Berlin, Germany · www.trademob.com
Recommind, Inc. 2016-06-02 163M USD Add-on Acquisition
San Francisco, California · www.recommind.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Software 3 (25%) - 13 (33%) 8M (35%)
Internet Software and Services 7 (58%) - 10 (26%) -
Information Technology 1 (8%) - 6 (15%) -
Semiconductors - - 4 (10%) -
Marketing 1 (8%) - 2 (5%) -
E-Commerce - - 1 (3%) 15M (65%)
Information Services - - 1 (3%) -
Medical Products - - 1 (3%) -
Technology Hardware - - 1 (3%) -
Total 12 - 39 $23M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (58%) - 19 (49%) 8M (35%)
  California 4 (33%) - 8 (21%) -
  Florida 1 (8%) - 2 (5%) -
  Washington - - 2 (5%) 8M (35%)
  New York - - 2 (5%) -
  Utah 1 (8%) - 1 (3%) -
  District of Columbia 1 (8%) - 1 (3%) -
  Pennsylvania - - 1 (3%) -
  Connecticut - - 1 (3%) -
  Arizona - - 1 (3%) -
United Kingdom 3 (25%) - 7 (18%) -
Spain - - 3 (8%) 15M (65%)
Germany 1 (8%) - 2 (5%) -
France - - 2 (5%) -
Netherlands - - 2 (5%) -
Denmark 1 (8%) - 1 (3%) -
Belgium - - 1 (3%) -
Portugal - - 1 (3%) -
Sweden - - 1 (3%) -
Domestic 3 (25%) - 7 (18%) -
Cross-border 9 (75%) - 32 (82%) 23M (100%)
Total 12 - 39 $23M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Venture 8 (67%) - 19 (49%) 23M (100%)
Growth Capital 4 (33%) - 10 (26%) -
Buyout (LBO, MBO, MBI) - - 9 (23%) -
Divestiture - - 1 (3%) -
Total 12 - 39 $23M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 16 (47%) 2.3B (100%)
Trade Sale 13 (38%) -
Secondary Sale 4 (12%) -
IPO 1 (3%) -
Total 34 $2.3B

Top M&A Advisors

Legal Deals
Osborne Clarke LLP
1

Deal Values

buy # Total
< $100M 2 $23M
TOTAL $23M
Largest Buy Vip S.L.
$15M (2009-04-14)
sell # Total
$100M to $1B 5 $1.9B
< $100M 5 $358M
TOTAL $2.3B
Largest Altitun AB
$872M (2000-05-01)

M&A Connections

Deals %
Acquired from
Strategic(s)
100%
1 100%
Exited to
PE Firm(s)
13%
4 13%
Strategic(s)
88%
28 88%

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