M&A Deal Summary

Silversmith Capital Partners and TVC Capital Acquire Digital Map Products

On July 1, 2005, growth capital firms Silversmith Capital Partners and TVC Capital acquired software company Digital Map Products for 36M USD

Acquisition Highlights
  • This is Silversmith Capital Partners’ 1st and TVC Capital’s 1st transaction in the Software sector.
  • This is Silversmith Capital Partners’ 2nd and TVC Capital’s largest (disclosed) transaction.
  • This is Silversmith Capital Partners’ 1st and TVC Capital’s 1st transaction in the United States.
  • This is Silversmith Capital Partners’ 1st and TVC Capital’s 1st transaction in California.
Investment Fate
  • Digital Map Products was recapitalized in 2016 for 36M USD.
  • Digital Map Products was sold to a strategic buyer in 2019.
  • Digital Map Products was sold to a strategic buyer in 2019.

M&A Deal Summary
Date 2005-07-01
Target Digital Map Products
Sector Software
Buyer(s) Silversmith Capital Partners
TVC Capital
Deal Type Recapitalization
Deal Value 36M USD

Target

Digital Map Products

Irvine, California, United States
website
Digital Map Products, Inc. is a provider of cloud-based location technology and content solutions that bring the power of spatial technology to mainstream business, government and consumer users. SpatialStream, the company’s spatial development platform enables API access to mapping technology and location data sets. Its SmartParcels nationwide parcel and property data sets provide unparalleled location context, accuracy and interactivity. The company’s SaaS products include LandVision for real estate and GovClarity for local government.

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Buyer(S) 2

Buyer

Silversmith Capital Partners

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2015
PE ASSETS 3.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $125 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 37
Sector (Software) 1 of 14
Type (Recapitalization) 1 of 1
State (California) 1 of 6
Country (United States) 1 of 32
Year (2005) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-08 Nordic Consulting

Madison, Wisconsin, United States

Nordic Consulting provides Epic EHR consulting services to healthcare organizations. Nordic Consulting was founded in 2012 and is based in Madison, Wisconsin.

Buy -
Buyer

TVC Capital

San Diego, California, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2006
PE ASSETS 235M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TVC Capital is a software-focused growth equity firm. TVC looks to invest in lower middle market software and software-enabled service firms in a variety of sub-sectors. Specific areas of interest include financial services, content/data management, predictive analysis, wireless, storage, internet, SaaS, digital media, and security. TVC will consider both later-stage investment situations as well as buyout, recapitalization, and restructuring transactions. TVC Capital was formed in 2006 and is based in San Diego, California.

DEAL STATS #
Overall 1 of 18
Sector (Software) 1 of 9
Type (Recapitalization) 1 of 1
State (California) 1 of 8
Country (United States) 1 of 18
Year (2005) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Del Mar DataTrac

San Diego, California, United States

DMD offers a scalable workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a web-based originator portal, and a management dashboard – all in a paperless environment. The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency.

Sell $24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-21 FieldCentrix

Irvine, California, United States

FieldCentrix, Inc. provides a software solution that operates on a handheld or palmtop CE device for field service technicians in the HVAC (heating and air conditioning), plumbing, appliance, and related service industries.

Sell -
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