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Investment Summary

ABRY Partners Invests In Magnit

On November 2, 2010, private equity firm ABRY Partners invested in internet software and services company Magnit

Investment Highlights
  • This is ABRY Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is ABRY Partners’ 55th transaction in the United States.
  • This is ABRY Partners’ 10th transaction in California.
Investment Fate
  • Magnit was sold to a consortium of financial buyers in 2014.
  • Magnit was sold to a consortium of financial buyers in 2021.

Investment Summary
Date 2010-11-02
Target Magnit
Sector Internet Software and Services
Investor(s) ABRY Partners
Deal Type Acquisition Financing

Target

Magnit

Folsom, California, United States
Magnit is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). Magnit was founded in 1991 and is based in Folsom, California.

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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 62 of 175
Sector: Internet Software and Services M&A 2 of 14
Type: Acquisition Financing M&A Deals 1 of 2
State: California M&A 10 of 19
Country: United States M&A 55 of 145
Year: 2010 M&A 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-25 Aegis

Nashville, Tennessee, United States

Aegis is a specialty toxicology laboratory that provides industry leading services to clients in the healthcare, sports, forensics, law enforcement and food production industries. The Company offers a broad range of outsourced testing services, but focuses in the pain management compliance sector. With nearly two dozen employees with PhDs, MDs, or similar advanced degrees, Aegis differentiates itself through superior science to drive more accurate test results than competitors. Aegis is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Hosted Solutions

Raleigh, North Carolina, United States

Hosted Solutions, LLC provides infrastructure as a service solutions to companies and enterprises in the United States.

Sell $310M
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