M&A Deal Summary

SpotOn Acquires Appetize

On September 13, 2021, SpotOn acquired information technology company Appetize from Shamrock Capital Advisors for 415M USD

Acquisition Highlights
  • This is SpotOn’s 1st transaction in the Information Technology sector.
  • This is SpotOn’s largest (disclosed) transaction.
  • This is SpotOn’s 4th transaction in the United States.
  • This is SpotOn’s 3rd transaction in California.

M&A Deal Summary
Date 2021-09-13
Target Appetize
Sector Information Technology
Buyer(s) SpotOn
Sellers(s) Shamrock Capital Advisors
Deal Type Add-on Acquisition
Deal Value 415M USD

Target

Appetize

Los Angeles, California, United States
website
Appetize is a cloud‐based, enterprise point of sale (“POS”) platform specifically focused on high‐velocity, large transaction volume locations such as sports & entertainment, education and other professional venues. Appetize was founded in 2011 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

SpotOn

San Francisco, California, United States

website

Category Company
Sector Financial Services
DESCRIPTION

SpotOn is a payments and software company redefining the merchant services industry. SpotOn brings together payment processing, customer engagement and business management solutions, giving merchants richer data and tools that empower them to more effectively run and grow their business. SpotOn is based in San Francisco, California.

DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (California) 3 of 3
Country (United States) 4 of 5
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 SeatNinja

Sacramento, California, United States

SeatNinja, Inc. is a reservation management company provides software platform to helps restaurants connect with their customers and grow revenue. SeatNinja is based in Sacramento, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Dolce Software

United States

Dolce Software is a labor-management solution designed to help restaurants save time and money, ensure compliance and improve employee experience and retention.

Buy -

Seller(S) 1

SELLER

Shamrock Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1978
PE ASSETS 3.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Shamrock Capital Advisors is a private investment focused exclusively on the media, entertainment, marketing, and communications sectors. The Firm will consider both control and minority positions and looks to commit $30 to $300 million per transaction. Target transactions include growth equity, leveraged/management buyouts, and recapitalizations. Shamrock was originally formed in 1978 as the investment vehicle for Roy Disney. The Firm is based in Los Angeles, California.

DEAL STATS #
Overall 25 of 27
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 10 of 11
State (California) 10 of 10
Country (United States) 23 of 25
Year (2021) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Mobilitie

Newport Beach, California, United States

Mobilitie is a provider of wireless infrastructure. Mobilitie develops, operates, and leases communication towers, indoor and outdoor Distributed Antenna Systems (“DAS”), and other infrastructure that supports wireless communications. Mobilitie DAS networks are designed as neutral-host networks to enable the broadcast of the latest 4G technology from all wireless carriers. Mobilitie was founded in 2005 and is based in Newport Beach, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-18 SpotOn

San Francisco, California, United States

SpotOn is a payments and software company redefining the merchant services industry. SpotOn brings together payment processing, customer engagement and business management solutions, giving merchants richer data and tools that empower them to more effectively run and grow their business. SpotOn is based in San Francisco, California.

Buy -
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