M&A Deal Summary

Quadrant Software Acquires SoftBase Systems

On August 7, 2012, Quadrant Software acquired software company SoftBase Systems from Bush O Donnell Capital Partners, Candescent Partners, Harbert Private Capital and Eagle Private Capital

Acquisition Highlights
  • This is Quadrant Software’s 1st transaction in the Software sector.
  • This is Quadrant Software’s 1st transaction in the United States.
  • This is Quadrant Software’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2012-08-07
Target SoftBase Systems
Sector Software
Buyer(s) Quadrant Software
Sellers(s) Bush O Donnell Capital Partners
Candescent Partners
Harbert Private Capital
Eagle Private Capital
Deal Type Add-on Acquisition

Target

SoftBase Systems

Asheville, North Carolina, United States
SoftBase is a leading provider of application testing and tuning solutions for IBM's DB2® database utilizing the OS/390® and z/OS® operating systems.

Search 214,744 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Quadrant Software

Mansfield, Massachusetts, United States

Category Company
Founded 1990
Sector Software
DESCRIPTION

Quadrant Software, Inc. is a provider of electronic document management software primarily for the IBM iSeries. Quadrant provides application modernization, mobile development, business intelligence and document distribution solutions and services.


DEAL STATS #
Overall 1 of 3
Sector: Software M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2012 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-06 Business Computer Design

Hinsdale, Illinois, United States

BCD is the clear leader in modernization and mobility solutions for the IBM i marketplace. With more than 35 years of experience, BCD has successfully helped thousands of organizations worldwide to modernize using BCD software solutions that include Presto, WebSmart, Catapult and ProGen. BCD has received 40 industry awards for software excellence, is a member of IBM’s IBM i ISV Advisory Board and an IBM Advanced Business Partner.

Buy -

Seller(S) 4

SELLER

Bush O Donnell Capital Partners

St. Louis, Missouri, United States

Category Private Equity Firm
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bush O'Donnell Capital Partners (BOCP) is the private equity investment arm of Bush O'Donnell & Co., a firm that also provides investment advisory services. BOCP makes equity and mezzanine investments of $2 to $10 million in lower middle-market businesses with $5 to $100 million in sales. Funds are generally used to support growth initiatives, management buyouts, leveraged buyouts, and recapitalizations. Prospective companies typically have experienced management, stable cash-flows, and operate in a defensible market niche. The Firm will not invest in start-ups or turnarounds. BOCP is based in St. Louis, Missouri.


DEAL STATS #
Overall 14 of 25
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 6 of 15
State: North Carolina M&A 1 of 1
Country: United States M&A 14 of 25
Year: 2012 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 Renovation Brands

Florence, Alabama, United States

Renovation Brands is a distributor and retailer of electric fireplaces, electric heating appliances, customized fireplace mantels, and outdoor heating products. Renovation Brands was founded in 2002 and is based in Florence, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-12 Revere Packaging

Shelbyville, Kentucky, United States

Revere Packaging is a niche provider of single-use aluminum and plastic packaging solutions to the food service industry. Revere Packaging was founded in 1801 and is based in Shelbyville, Kentucky.

Buy -
SELLER

Candescent Partners

Boston, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Candescent Partners is an investor in buyouts and recapitalizations of lower middle-market companies. The Firm looks to invest $10 to $30 million in the form of preferred equity, mezzanine, or both to support growth, buyouts, shareholder liquidity needs, acquisitions, or to reduce debt. Target sectors include healthcare technology and services, consumer products/services, business services, and software. Candescent Partners is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 4
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Claris Vision

Warwick, Rhode Island, United States

Koch Eye Associates, Inc. is a provider of eye care and surgical practices, with twenty doctors treating patients at eight office locations, three laser vision centers, and a surgery center. Koch Eye Associates was founded in 1981 and is based in Warwick, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 Dermatology Associates of Tyler

Tyler, Texas, United States

Dermatology Associates of Tyler is a provider of dermatological services in the Eastern Texas region.

Buy -
SELLER

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


DEAL STATS #
Overall 13 of 44
Sector: Software M&A 1 of 3
Type: Add-on Acquisition M&A Deals 8 of 27
State: North Carolina M&A 2 of 3
Country: United States M&A 13 of 43
Year: 2012 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-10 FastTrack360

Melbourne, Australia

FastTrack360,is a p rovider of integrated software solutions to the Australian and Nordic labor hire industry. FastTrack’s software is a fully integrated end to end solutions from applicant tracking right through to payroll and billing. FastTrack360 was founded in 1981 and is based in Melbourne, Australia.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-06 Cardioscan

Camberwell, Australia

Cardioscan is longest-standing, continuously-operating cardiac monitoring and reporting service, providing state-of-the-art services for the medical community in Cardiovascular reporting. Cardioscan was founded in 1984 and is based in Camberwell, Australia.

Buy -
SELLER

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 15 of 50
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 6 of 26
State: North Carolina M&A 1 of 3
Country: United States M&A 15 of 50
Year: 2012 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Interim Physicians

St. Louis, Missouri, United States

Interim Physicians specializes in temporary physician staffing company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-01 HealthScope Benefits

Little Rock, Arkansas, United States

HealthScope Benefits, Inc. provides managed healthcare products and third-party administrative services to large employer groups with self-funded healthcare plans.

Buy -