Investment Summary

Summit Partners Invests In AvePoint

On November 8, 2006, growth capital firm Summit Partners invested in internet software and services company AvePoint

Investment Highlights
  • This is Summit Partners’ 9th transaction in the Internet Software and Services sector.
  • This is Summit Partners’ 166th transaction in the United States.
  • This is Summit Partners’ 10th transaction in New Jersey.
Investment Fate
  • AvePoint went public in 2021.
  • AvePoint was sold to a financial buyer in 2023.

Investment Summary

Date 2006-11-08
Target AvePoint
Sector Internet Software and Services
Investor(s) Summit Partners
Deal Type Growth Capital

Target

AvePoint

Jersey City, New Jersey, United States
AvePoint specializes in infrastructure management software solutions for Microsoft 365 and Salesforce.com. AvePoint's global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces. AvePoint was founded in 2001 and is based in Jersey City, New Jersey.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B 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 175 of 415
Sector: Internet Software and Services M&A 9 of 50
Type: Growth Capital M&A Deals 107 of 237
State: New Jersey M&A 10 of 11
Country: United States M&A 166 of 335
Year: 2006 M&A 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-31 Meridian Systems

Folsom, California, United States

Meridian Systems, Inc. provides enterprise project management and lifecycle software for optimizing the plan, build and operate lifecycle for real estate, construction and other physical infrastructure projects.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-09 Physicians Formula Holdings

Azusa, California, United States

Physicians Formula is a mass-market cosmetics company specializing in color corrective makeup.

Sell -