Spring Lake Equity Partners Mergers and Acquisitions Summary

Venture Capital Firm Profile

Spring Lake Equity Partners’ most common sectors for investment aresoftware (31%) and information technology (27%) . The Firm’s most common investment types include venture (77%) and buyout (lbo, mbo, mbi) (12%). In total, Spring Lake Equity Partners has invested in 12 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 1998 when it acquired Art Technology Group for $8M.

In the last 3 years, Spring Lake Equity Partners has exited 1 company. The Firm’s most common exit type is trade sale (59%). Spring Lake Equity Partners’ largest (disclosed) exit occurred in 2004 when it sold Advanced Fibre Communications for $1.9B.

Join Mergr to view Spring Lake Equity Partners’ full profile and discover more middle-market venture capital firm investors just like it.

M&A Summary

  • M&A Total Activity65
    • M&A Buy Activity26
    • M&A Sell Activity39
  • Total Sectors Invested 9
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 38

Spring Lake Equity Partners

125 High Street, Suite 2211,
Boston, Massachusetts 02110
United States
(617) 391-6300
www.springlakeequitypartners.com
info@springlep.com

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.


Investment Criteria

Sectors of Interest: Business Services, Communications, Digital Media, Financial Services, Information Services, Information Technology, Internet Software and Services, Software, Technology Hardware

Target Transaction Types: Growth Capital, Recapitalization, Venture

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 5 50
Target EBITDA - -
Investment Size 5 20
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 25 1 - - - - 26
vol $8M $8M
Sell (0.2/yr) # 38 - 1 - - - 39
vol $3.0B $3.0B
  65

Most Recent M&A

Company Date Value Type
VIX, Inc. 2021-02-01 - Trade Sale
Coral Gables, Florida · www.vix.com
BlueConic 2020-01-06 - Venture
Boston, Massachusetts · www.blueconic.com
Vantrix Corp. 2019-09-09 - Trade Sale
Montreal, Quebec · www.vantrix.com
Thorne Research, Inc. 2018-10-10 - Trade Sale
Sandpoint, Idaho · www.thorne.com
Astadia, Inc. 2018-07-31 - Secondary Buyout
Jacksonville, Florida · www.astadia.com
Single Digits, Inc. 2017-02-14 - Secondary Sale
Bedford, New Hampshire · www.singledigits.com
Adaptive Computing Enterprises, Inc. 2016-09-20 - Trade Sale
Provo, Utah · www.adaptivecomputing.com
Dorado Systems LLC 2015-11-02 - Growth Capital
Haddonfield, New Jersey · www.doradosystems.com
Allegro Development Corp. 2014-07-24 - Recapitalization
Dallas, Texas · www.allegrodev.com
TractManager, Inc. 2013-01-07 - Recapitalization
Dallas, Texas · www.tractmanager.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Software - - 8 (31%) 8M (100%)
Information Technology 2 (100%) - 7 (27%) -
Internet Software and Services - - 3 (12%) -
Technology Hardware - - 3 (12%) -
Business Services - - 1 (4%) -
Communications - - 1 (4%) -
Digital Media - - 1 (4%) -
Life Science - - 1 (4%) -
Medical Products - - 1 (4%) -
Total 2 - 26 $8M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 2 (100%) - 25 (96%) 8M (100%)
  California - - 6 (23%) -
  Massachusetts 1 (50%) - 5 (19%) 8M (100%)
  Florida 1 (50%) - 3 (12%) -
  Utah - - 3 (12%) -
  Texas - - 1 (4%) -
  Pennsylvania - - 1 (4%) -
  North Carolina - - 1 (4%) -
  New York - - 1 (4%) -
  New Jersey - - 1 (4%) -
  New Hampshire - - 1 (4%) -
  Maryland - - 1 (4%) -
  Idaho - - 1 (4%) -
Canada - - 1 (4%) -
  Quebec - - 1 (4%) -
Total 2 - 26 $8M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Venture 1 (50%) - 20 (77%) 8M (100%)
Buyout (LBO, MBO, MBI) - - 3 (12%) -
Consolidation - - 1 (4%) -
Growth Capital - - 1 (4%) -
Secondary Buyout 1 (50%) - 1 (4%) -
Total 2 - 26 $8M

Exits by Deal Type

Type Total # Value
Trade Sale 19 (49%) -
Trade Sale - Public Company 13 (33%) 3.0B (100%)
Secondary Sale 3 (8%) -
Recapitalization 2 (5%) -
IPO 1 (3%) -
Shut Down 1 (3%) -
Total 39 $3.0B

Deal Values

buy # Total
< $100M 1 $8M
TOTAL $8M
Largest Art Technology Group, Inc.
$8M (1998-09-28)
sell # Total
> $1B 2 $2.9B
$100M to $1B 1 $128M
TOTAL $3.0B
Largest Advanced Fibre Communications, Inc.
$1.9B (2004-05-20)

M&A Connections

Deals
Acquired from
Investor(s)
4%
1 (4%)
Exited to
Investor(s)
13%
5 (13%)
Strategic(s)
62%
24 (62%)

FAQ

When was Spring Lake Equity Partners founded?

Spring Lake Equity Partners was founded in 2013.

What type of investor is Spring Lake Equity Partners?

Spring Lake Equity Partners is a venture capital firm.

Where is Spring Lake Equity Partners headquartered?

Spring Lake Equity Partners is headquartered in Boston, Massachusetts.

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