M&A Deal Summary

Skyview Capital Acquires Continuum Global Solutions

On October 1, 2018, private equity firm Skyview Capital acquired business services company Continuum Global Solutions from Conduent for 25M USD

Acquisition Highlights
  • This is Skyview Capital’s 1st transaction in the Business Services sector.
  • This is Skyview Capital’s largest (disclosed) transaction.
  • This is Skyview Capital’s 11th transaction in the United States.
  • This is Skyview Capital’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-10-01
Target Continuum Global Solutions
Sector Business Services
Buyer(s) Skyview Capital
Sellers(s) Conduent
Deal Type Divestiture
Deal Value 25M USD

Target

Continuum Global Solutions

Dallas, Texas, United States
website
Continuum Global Solutions is a provider of outsourced communications and services to enterprise customers. The Company was established in 2019 and is headquartered in Dallas, Texas.

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Buyer(S) 1

Buyer
DESCRIPTION

Skyview Capital is a private investment firm that targets divestitures of larger public corporations. Skyview focuses primarily on legacy, mature businesses in technology, business services, software, and niche manufacturing. Other areas of interest include networking solutions, information systems, transaction processing, logistics, and supply chain management. Skyview prefers business units located in North America with revenues of at least $10 million. Skyview Capital was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 11 of 16
Sector (Business Services) 1 of 1
Type (Divestiture) 10 of 12
State (Texas) 1 of 1
Country (United States) 11 of 15
Year (2018) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-16 SchoolKidz

Woodridge, Illinois, United States

SchoolKidz provides kitting solutions for elementary and middle-school students through various parent (PTA/PTO), school, and charitable organizations. The SchoolKidz Teacher Tailored offering provides school supply kits to over 3,000 schools nationwide. It also operates KitsforKids.com, a program serving non-profit organizations. Organizations select KitsforKidz to provide essential goods for both educational and humanitarian purposes. SchoolKidz was formed in 1995 and is based in Woodridge, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Prynt

San Francisco, California, United States

Prynt reimagines how digital content is shared in the physical world with a smartphone printer/case. In addition to transforming smartphones into a portable instant camera, AR technology adds a hidden video within the photo that is revealed with the Prynt app, bringing Prynt photos to life.

Buy -

Seller(S) 1

SELLER

Conduent

Florham Park, New Jersey, United States

website


Category Company
Founded 2016
Sector Business Services
Employees62,000
Revenue 4.1B USD (2021)
DESCRIPTION

Conduent is a provider of diversified business process services. Conduent offers capabilities in transaction processing, automation, analytics and constituent experience. The Company was spun-off from Xerox in 2017. Conduent was incorporated in 2016 and is based in Florham Park, New Jersey.


DEAL STATS #
Overall 7 of 9
Sector (Business Services) 4 of 4
Type (Divestiture) 7 of 9
State (Texas) 1 of 1
Country (United States) 7 of 9
Year (2018) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 Conduent - Government Software Business

Florham Park, New Jersey, United States

Conduent, Inc. - Government Software Business includes software solutions for Conduent’s local and municipal government clients, gives Avenu a combined customer base of nearly 3,000 in the 50 states and Canada. These jurisdictions use a portfolio of more than 50 products consisting of Government Records Management (land/vital records), Software solutions for managing criminal courthouse and juror administrative functions, Property tax collection, and property assessment software solutions, Unclaimed property collections management, Pension administration software applications and Stand-alone infrastructure IT managed services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Health Solutions Plus

Melville, New York, United States

Health Solutions Plus is a software provider of healthcare payer administration solutions. Health Solutions Plus was founded in 1996 and is based in Melville, New York.

Buy -