M&A Deal Summary

777 Partners Acquires DAMsmart

On January 1, 2019, private equity firm 777 Partners acquired digital media company DAMsmart

Acquisition Highlights
  • This is 777 Partners’ 1st transaction in the Digital Media sector.
  • This is 777 Partners’ 1st transaction in Australia.

M&A Deal Summary

Date 2019-01-01
Target DAMsmart
Sector Digital Media
Buyer(s) 777 Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

DAMsmart

Mitchell, Australia
DAMsmart provides a specialized audiovisual digitization service dedicated to assisting any organisation with the desire to access and preserve content kept on ageing motion picture film, videotape or audiotape. DAMsmart was founded in 2008 and is based in Mitchell, Australia.

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Buyer(S) 1

DESCRIPTION

777 Partners is a private investment firm that will consider company investment opportunities at all stages of development. The Firm looks to partner with entrepreneurs, business owners, and management teams when pursuing transactions. Specific areas of interest include insurance, aviation, consumer finance, litigation finance, financial technology, and energy sectors. 777 Partners was formed in 2015 as a buyout of SuttonPark Capital from PennantPark, a publicly traded business development company. The Firm is based in Miami, Florida.


DEAL STATS #
Overall 14 of 46
Sector: Digital Media M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 36
Country: Australia M&A 1 of 4
Year: 2019 M&A 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Principled Engineering Consultants

Dania Beach, Florida, United States

Principled Engineering Consultants is an experienced team of expert-witness forensic engineers with over 30 years of collective forensic engineering experience. The firm's core expertise is in damage assessments following catastrophic weather events and composing engineering evaluation reports that aid in settling disputed property cases for both plaintiff and defense law firms. Principled Engineering Consultants is based in Dania Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-24 Sutton National

Dania Beach, Florida, United States

Sutton National is an admitted US property & casualty insurance company dedicated to program management. Sutton National was founded in 1972 and is based in Dania Beach, Florida.

Buy -