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  6. Silversmith Capital Partners Invests In Absorb

Investment Summary

Silversmith Capital Partners Invests In Absorb

On September 6, 2017, growth capital firm Silversmith Capital Partners invested in internet software and services company Absorb

Investment Highlights
  • This is Silversmith Capital Partners’ 5th transaction in the Internet Software and Services sector.
  • This is Silversmith Capital Partners’ 1st transaction in Canada.
  • This is Silversmith Capital Partners’ 1st transaction in Alberta.
Investment Fate
  • Absorb was sold to a consortium of financial buyers in 2021.

Investment Summary
Date 2017-09-06
Target Absorb
Sector Internet Software and Services
Investor(s) Silversmith Capital Partners
Deal Type Growth Capital

Target

Absorb

Calgary, Alberta, Canada
Absorb is a learning technology company. Absorb’s learning management system (LMS) centers around an intuitive user experience and a highly configurable, brand-specific interface, offering administrative, course builder, and reporting tools to its stakeholders. Absorb was established in 2003 and is based in Calgary, Alberta.

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Investor(S) 1

Investor

Silversmith Capital Partners

Investor Investor Investor Investor Investor

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 11 of 43
Sector: Internet Software and Services M&A 5 of 9
Type: Growth Capital M&A Deals 6 of 27
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2017 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 RedAwning

Petaluma, California, United States

RedAwning is a branded network of vacation rental properties, combining a layer of consistency and trust with 24/7 guest and property manager support services for every stay. With over 100,000 unique rental properties in over 10,000 destinations, RedAwning is a supplier of vacation rentals to every major online booking website, including Booking.com, Expedia, HomeAway/VRBO, FlipKey/TripAdvisor, and Airbnb. RedAwning was established in 2010 and is based in Petaluma, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 daVinci

Buffalo Grove, Illinois, United States

daVinci is a provider of prepaid solutions for global incentive and reward programs. daVinci offers robust corporate partner platforms that distribute both physical and virtual cards through leading-edge digital solutions where payments can be distributed via email, text message or product packaging. daVinci was established in 1996 and is based in Buffalo Grove, Illinois.

Buy -
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