M&A Deal Summary

The Silverfern Group, Capital Square Partners, Partners Group AG and StarTek Acquire Movate

On June 26, 2013, asset manager The Silverfern Group, private equity firm Capital Square Partners, asset manager Partners Group AG and StarTek acquired information technology company Movate from Elevation Capital for 270M USD

Acquisition Highlights
  • This is The Silverfern Group’s 1st, Capital Square Partners’ 1st, Partners Group AG’s 1st and StarTek’s 1st transaction in the Information Technology sector.
  • This is The Silverfern Group’s 2nd, Capital Square Partners’ 2nd, Partners Group AG’s 18th and StarTek’s largest (disclosed) transaction.
  • This is The Silverfern Group’s 7th, Capital Square Partners’ 1st, Partners Group AG’s 5th and StarTek’s 2nd transaction in the United States.
  • This is The Silverfern Group’s 3rd, Capital Square Partners’ 1st, Partners Group AG’s 1st and StarTek’s 1st transaction in Texas.

M&A Deal Summary

Date 2013-06-26
Target Movate
Sector Information Technology
Buyer(s) The Silverfern Group
Capital Square Partners
Partners Group AG
StarTek
Sellers(s) Elevation Capital
Deal Type Secondary Buyout
Deal Value 270M USD

Target

Movate

Plano, Texas, United States
website
Movate is a global technology consulting and support company. With more than 140 clients and 5500 professionals, Movate delivers on customers' need to transform technology-driven business processes. Movate’s mission is to have “100% reference-able customers”, and delivers services across technology support, remote infrastructure management, virtualization, and mobility from 13 locations globally. Movate was founded in 1996 and is based in Plano, Texas.

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Buyer(S) 4

DESCRIPTION

The Silverfern Group is an asset management firm focused on investing in private equity, real estate, and private debt transactions on behalf of institutional investors and single family offices. The Firm will consider opportunities across North/South America, Europe, and Asia. Within its private equity practice, Silverfern makes direct, co-control middle-market private equity investments requiring $25 to $150 million of equity per transaction. Sectors of interest include energy, financial services, food, hospitality, IT, power equipment rental, renewable energy, telecom, transportation, and waste management. The Silverfern Group was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 7 of 19
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 1 of 4
State (Texas) 3 of 4
Country (United States) 7 of 13
Year (2013) 2 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 LocusPoint Networks

Belmont, California, United States

LocusPoint Networks is an U.S. television broadcaster, and currently owns several television stations in the United States. LocusPoint Networks was founded in 2012 and is based in Belmont, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 Sequitur Energy Resources

Houston, Texas, United States

Sequitur Energy Resources is a an oil and gas exploration and production company. Sequitur Energy Resources was founded in 2013 and is based in Houston, Texas.

Buy -
DESCRIPTION

Capital Square Partners is a private equity investment firm focused on the telecommunications, media & technology (TMT), healthcare, consumer, and business services sectors. The Firm targets opportunities throughout Southeast Asia and India and generally looks for businesses with cross border operations. Capital Square Partners was established in 2013 and is headquartered in Singapore.


DEAL STATS #
Overall 1 of 9
Sector (Information Technology) 1 of 6
Type (Secondary Buyout) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 6
Year (2013) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-30 The Minacs Group Pte

Oshawa, Ontario, Canada

The Minacs Group Pte Ltd. is an outsourcing business solutions partner to global corporations in the manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare, and public sectors.

Buy $260M
DESCRIPTION

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 15 of 87
Sector (Information Technology) 1 of 8
Type (Secondary Buyout) 9 of 51
State (Texas) 1 of 2
Country (United States) 5 of 33
Year (2013) 2 of 3
Size (of disclosed) 18 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-28 Softonic

Barcelona, Spain

Softonic is a multiplatform software guide that allows users to explore, download and manage software applications on multiple devices in more than ten different languages. Softonic was formed in 1997 and is based in Barcelona. Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-23 Universal Services of America

Santa Ana, California, United States

Universal Services of America is a facility services companies in the U.S., combining an innovative mix of tradition with cutting edge systems and technology to keep pace with the ever - evolving needs of today’s business environments. Headquartered in Santa Ana, Calif., today, Universal is a $2.5 billion company with more than 80,000 employees on staff. The company is now the second largest manned guarding security company in North America and employs a hands-on, highly experienced management team and continuous training to deliver consistent, high quality security solutions. Universal has four unique divisions: Universal Protection Service, Universal Protection Security Systems, Universal Fire/Life Safety Services and Universal Building Maintenance.

Buy -
Buyer

StarTek

Denver, Colorado, United States

website


Category Company
Founded 1987
Sector Business Services
Revenue 704M USD (2021)
DESCRIPTION

StarTek is a provider of delivering customer experience (CX) excellence for brands. Spread across 12 countries, its 38,000 associates create memorable, personalized experiences in both voice and non-voice channels. The company's clients span from Fortune 500s to fast-growing startups in a diverse range of industries, including cable, media, and telecom; travel and hospitality; retail and e-commerce and banking and financial services. StarTek was founded in 1987 and is based in Denver, Colorado.


DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2013) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-19 Ideal Dialogue

Lutz, Florida, United States

Ideal Dialogue Co. is a provider of solutions for companies focused on improving their customers’ experience.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Accent Marketing Services

Jeffersonville, Indiana, United States

Accent Marketing Services LLC is a marketing company.

Buy $16M

Seller(S) 1

SELLER

Elevation Capital

Gurgaon, India

Investor Investor Investor Investor Investor

website


Category Venture Capital Firm
Founded 2002
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Elevation Capital is a private investment firm focused on growth capital investments in Indian companies. The Firm will consider opportunities at all growth-oriented stages. Sectors of interest include information technology, internet, mobile, consumer products, consumer services, healthcare, clean technolgy, education, agriculture, financial services, and manufacturing. Elevation Capital was formed in 2002 and is based in Gurgaon, India.


DEAL STATS #
Overall 4 of 6
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2013) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-31 Havells India

Noida, India

Havells India is a manufacturer of electrical and power distribution equipment. The company manufactures products ranging from building circuit protection, industrial and domestic switchgears, cables and wires, energy meters, fans, CFL lamps, luminaries for domestic, commercial and industrial application, and modular switches.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-09 Manpasand Beverages

Vadodara, India

Manpasand Beverages is a manufacturer and marketer of fruit drinks and has carved a niche for itself with its strong presence in Tier II and rural markets in India. Manpasand offers several flavours of fruit drink under the brand names “SIP” and “Fons”. Manpasand Beverages was founded in 1997 and is based in Vadodara, India.

Sell -