Secondary Buyout • Software

Luminate Capital Partners Acquires MSI Data

On September 11, 2019, private equity firm Luminate Capital Partners acquired software company MSI Data from Gary Comer

Acquisition Context
  • This is Luminate Capital Partners’ 4th transaction in the Software sector.
  • This is Luminate Capital Partners’ 11th transaction in the United States.
  • This is Luminate Capital Partners’ 2nd transaction in Wisconsin.

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M&A Deal Summary

Date September 11, 2019
Target MSI Data
Sector Software
Buyer(s) Luminate Capital Partners
Sellers(s) Gary Comer
Deal Type Secondary Buyout
Advisor(s) GrowthPoint Technology Partners (Financial)

Target Company

MSI Data

Milwaukee, Wisconsin, United States
MSI Data is a provider of mobile and enterprise software solutions for workforce automation. MSI Data’s software provides easy to acquire and easy to deploy solutions for managing all aspects of enterprise wide service management, including call center, dispatch contracts management and spare parts inventory; scheduling optimization and routing; and true mobile applications for the workforce, including inspections, field service and field sales. MSI Data was founded in 2010 and is based in Milwaukee, Wisconsin.
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Buyer Overview 1

Buyer
DESCRIPTION

Luminate Capital Partners is a private equity group focused on control investments in software and software-enabled businesses. The Firm targets growth-oriented companies 'at an inflection point' looking to take the business to the next level. Specific areas of interest include vertical applications, SaaS, back office and supply chain, marketing automation, e-commerce, data and analytics and software-enabled services. Laminate Capital was formed in 2015 and is based in San Francisco, California.


Deal Context for Buyer #
Overall 12 of 18
Sector: Software 4 of 5
Type: Secondary Buyout 1 of 4
State: Wisconsin 2 of 2
Country: United States 11 of 15
Year: 2019 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Thought Industries

Boston, Massachusetts, United States

Thought Industries is a provider of customer Training and Learning software solutions across a variety of industries, including Training, Consulting, Continuing Education, Software, and Commercial Electronics and Devices. Thought Industries was founded in 2012 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-11 Facilities Management Express

Columbus, Ohio, United States

Facilities Management Express provides a cloud-based facilities and maintenance management platform that enables organizations to streamline processes, increase asset productivity, and turn actionable insights into meaningful results. With FMX, organizations can more effectively manage work orders, plan preventive maintenance, manage assets and inventory usage, track staff and equipment performance, and more, all in a single, easy-to-use solution. Facilities Management Express was founded in 2012 and is based in Columbus, Ohio.

Buy -

Seller Profile 1

SELLER
DESCRIPTION

Gary Comer, Inc. (GCI) is a family-funded private equity firm focused on long-term investments in growth-oriented companies with attractive margins. GCI was formed in 1986 and is headquartered in Waukesha, Wisconsin.


Deal Context for Seller #
Overall 2 of 4
Sector: Software 1 of 2
Type: Secondary Buyout 1 of 1
State: Wisconsin 2 of 2
Country: United States 2 of 4
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Montage Talent

Delafield, Wisconsin, United States

Montage Talent, Inc. is a provider of video interviewing solutions available, purpose-built to transform the hiring experience one smile at a time. Applying an enterprise software-as-a-service (SaaS) model. Montage Talent was founded in 2007 and is based in Delafield, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 WiscMed

United States

WiscMed provides otoscopes and high-end ENT equipment into one easy-to-use tool for your clinic.

Buy -