M&A Deal Summary |
|
|---|---|
| Date | 2012-07-12 |
| Target | Velocity Technology Solutions |
| Sector | Internet Software and Services |
| Buyer(s) |
Sumeru Equity Partners
Partners Group |
| Sellers(s) |
Spire Capital Partners
Spring Lake Equity Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Stifel (Financial) Dentons (Legal) |
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Sumeru Equity Partners, Inc. is a technology-focused private equity firm that makes investments in mid-market software, technology enabled services, and hardware companies with a focus on growth. Sumeru Equity Partners typically invests between $50 and $250 million in companies with revenues greater than $10 million. Sumeru Equity Partners was formed in 2014 and is based in Foster City, California.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 24 |
| Sector: Internet Software and Services M&A | 3 of 14 |
| Type: Secondary Buyout M&A Deals | 1 of 2 |
| State: North Carolina M&A | 1 of 1 |
| Country: United States M&A | 4 of 16 |
| Year: 2012 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-26 |
Penguin Solutions
Fremont, California, United States Penguin Solutions enable AI and demanding, critical IT and OT workloads by simplifying and advancing data center and edge infrastructure through high-performance and high-availability solutions and services. Penguin Solutions offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. Penguin Solutions was founded in 1988 and is headquartered in Fremont, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-27 |
Snow Software
Solna, Sweden Snow Software is a provider of software asset management ("SAM") solutions. The company's products help both private and public sector organizations in managing their software spend. Snow's solutions further enable IT departments to free up valuable time through automating a number of time-consuming tasks and optimize returns on new software investments. Snow Software was founded in 1997 and is based in Solna, Sweden. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1996 |
| PE ASSETS | 174.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 97 |
| Sector: Internet Software and Services M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 6 of 53 |
| State: North Carolina M&A | 1 of 3 |
| Country: United States M&A | 3 of 39 |
| Year: 2012 M&A | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-24 |
Global Blue
Signy-Avenex, Switzerland Global Blue is an international provider of travel-related financial services. The company offers a seamless shopping and payment journey for tourists. Also, it provides a wide range of added-value payment solutions for all the stakeholders involved, including retailers and international shoppers. Global Blue was founded in 1980 and is based in Signy-Avenex, Switzerland. |
Buy | €1.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-09-06 |
Careismatic Brands
Chatsworth, California, United States Careismatic Brands is a designer, marketer, and distributor of high-quality uniforms, footwear and accessories to retailers. The company manufactures products through multiple brands. Careismatic Brands was founded in 1995 and is based in Chatsworth, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 900M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 27 |
| Sector: Internet Software and Services M&A | 1 of 4 |
| Type: Secondary Buyout M&A Deals | 1 of 5 |
| State: North Carolina M&A | 1 of 1 |
| Country: United States M&A | 13 of 26 |
| Year: 2012 M&A | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-16 |
Certiport
American Fork, Utah, United States Certiport, Inc. is a developer, marketer and distributor of education and certification testing programs for end-users of Microsoft, Adobe and Digital Literacy programs in the academic, corporate and workforce segments worldwide. Certiport is a well positioned, scalable business services company with a worldwide marketing and distribution network, consisting of more than 12,000 testing centers. |
Sell | $140M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-02-04 |
Performance Assessment Network
Carmel, Indiana, United States Performance Assessment Network, Inc. is a provider of online talent assessments and testing technology solutions that aid both corporate and government organizations in hiring and growing top talent. |
Buy | - |
| Category | Venture Capital Firm |
|---|---|
| Founded | 2013 |
| Size | Middle-Market |
| Type | Sector Agnostic |
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.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 39 |
| Sector: Internet Software and Services M&A | 4 of 6 |
| Type: Secondary Buyout M&A Deals | 5 of 6 |
| State: North Carolina M&A | 1 of 1 |
| Country: United States M&A | 30 of 38 |
| Year: 2012 M&A | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-17 |
Single Digits
Bedford, New Hampshire, United States Single Digits is a provider of high-speed internet access (HSIA) management and support solutions, guest management software and technical support services. Single Digits was founded in 2003 and is based in Bedford, New Hampshire. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-20 |
Fidelis Cybersecurity
Bethesda, Maryland, United States Fidelis Cybersecurity is a provider of threat detection, hunting, and response solutions. Fidelis combats the full spectrum of cybercrime, data theft, and espionage by providing full visibility across hybrid cloud / on-prem environments, automating threat and data theft detection, empowering threat hunting and optimizing incident response with context, speed, and accuracy. |
Sell | - |
