Investment Summary

Exits Everi

On September 23, 2005, invested in financial services company Everi from Summit Partners and HarbourVest Partners

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is transaction in the United States.
  • This is transaction in Nevada.

Investment Summary

Date 2005-09-23
Target Everi
Sector Financial Services
Sellers(s) Summit Partners
HarbourVest Partners
Deal Type IPO

Target

Everi

Las Vegas, Nevada, United States
website
Entrance to Everi Holdings' headquarters in Las Vegas, Nevada.
Entrance to Everi Holdings' headquarters in Las Vegas, Nevada.
Everi is a provider of cash access and related equipment services and solutions to the gaming industry. Everi was formed in 1998 and is based in Las Vegas, Nevada.

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Seller(S) 2

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 113 of 272
Sector (Financial Services) 2 of 8
Type (IPO) 54 of 71
State (Nevada) 1 of 3
Country (United States) 109 of 238
Year (2005) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-15 Commnet Wireless

Atlanta, Georgia, United States

Commnet Wireless provides wholesale-only wireless voice and data telecommunications services (roaming) in rural markets throughout the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Clinical Pathology Laboratories

Austin, Texas, United States

Clinical Pathology Laboratories performs comprehensive clinical and anatomical testing for physicians, hospitals, and managed-care organizations.

Sell -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 3 of 116
Sector (Financial Services) 1 of 6
Type (IPO) 3 of 21
State (Nevada) 1 of 3
Country (United States) 3 of 76
Year (2005) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-21 Consolis

Brussels, Belgium

Consolis was formed by combining Consolis Oy Ab and French Bonna Sabla. Consolis is a precast concrete based solution provider and manufacturer of structural precast concrete elements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-30 Cimpress

Dundalk, Ireland

Cimpress is a provider of printer and graphic design agency serving the small business and consumer markets. Cimpress’ portfolio of brands that include Vistaprint, Albelli, Drukwerkdeal, Pixartprinting and others serve many customer segments across many applications for mass customization. Cimpres was founded in 1994 and is based in Dundalk, Ireland.

Sell -