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  6. ABRY Partners Invests In Asignet

Investment Summary

ABRY Partners Invests In Asignet

On February 21, 2020, private equity firm ABRY Partners invested in information technology company Asignet

Investment Highlights
  • This is ABRY Partners’ 29th transaction in the Information Technology sector.
  • This is ABRY Partners’ 120th transaction in the United States.
  • This is ABRY Partners’ 10th transaction in New Jersey.

Investment Summary
Date 2020-02-21
Target Asignet
Sector Information Technology
Investor(s) ABRY Partners
Deal Type Growth Capital

Target

Asignet

Parsippany, New Jersey, United States
Asignet is the technology and automation leader of Telcom & IT Lifecycle Expenses Management utilizing its patented RPA Robot process automation platform. The Asignet platform builds and monitors telecom, SaaS, Cloud, IT billing, inventory, and usage, helping global enterprises to optimize, secure and manage all IT assets and its expenses. Asignet was founded in 2006 and is based in Parsippany, New Jersey.

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Investor(S) 1

Investor

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 138 of 175
Sector: Information Technology M&A 29 of 38
Type: Growth Capital M&A Deals 29 of 48
State: New Jersey M&A 10 of 11
Country: United States M&A 120 of 145
Year: 2020 M&A 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 RIMES

New York, New York, United States

RIMES is a provider of managed data services and regulatory solutions for the buy side. RIMES is a pioneer provider of cloud-based technology that delivers highly customized financial data over the Internet. RIMES was founded in 1996 and is based in New York City.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Beacon Pointe

Newport Beach, California, United States

Beacon Pointe is a registered investment adviser. Clients rely on Beacon Pointe’s professional advisors to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, evaluate fund performance, and develop strategic financial plans. Beacon Pointe was founded in 2002 and is based in Newport Beach, California.

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