Investment Summary

ABRY Partners and BERKS Group Invest In StackPath

On July 25, 2016, private equity firms ABRY Partners and BERKS Group invested in information technology company StackPath

Investment Highlights
  • This is ABRY Partners’ 22nd and BERKS Group’s 1st transaction in the Information Technology sector.
  • This is ABRY Partners’ 99th and BERKS Group’s 1st transaction in the United States.
  • This is ABRY Partners’ 17th and BERKS Group’s 1st transaction in Texas.

Investment Summary

Date 2016-07-25
Target StackPath
Sector Information Technology
Investor(s) ABRY Partners
BERKS Group
Deal Type Growth Capital

Target

StackPath

Dallas, Texas, United States
StackPath is the intelligent Web services platform for security, speed and scale. It is the first platform to unify enterprise security solutions by leveraging collaborative intelligence that makes each service smarter and more secure with every threat detected, in addition to vastly improving the customer experience. StackPath technology is based in Dallas, Texas.

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Investor(S) 2

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 114 of 171
Sector (Information Technology) 22 of 37
Type (Growth Capital) 22 of 44
State (Texas) 17 of 18
Country (United States) 99 of 145
Year (2016) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-17 AddSecure

Stockholm, Sweden

AddSecure is a provider of IoT solutions with a focus on secure critical communications and data. AddSecure offers solutions within Smart Alarms, Smart Rescue, Smart Grids and Smart Transport. AddSecure was founded in 1979 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Astound

Princeton, New Jersey, United States

Astound is a provider of broadband services delivering all-digital and high definition video, high-speed internet, and premium voice services to residential and small-medium business customers. Astound was founded in 1993 and is based in Princeton, New Jersey.

Sell $1.6B
DESCRIPTION

The BERKS Group is a division of the privately held News-Press & Gazette Company and the Bradley family holdings business. BERKS looks to acquire and invest in profitable manufacturing, education technology, and technology infrastructure businesses valued between $10 and $100 million. The Firm doesn't have an investment horizon and seeks to partner with strong brands led by talented management. The BERKS Group is based in Kansas City, Missouri.


DEAL STATS #
Overall 1 of 9
Sector (Information Technology) 1 of 1
Type (Growth Capital) 1 of 6
State (Texas) 1 of 2
Country (United States) 1 of 8
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 APSCO

Tulsa, Oklahoma, United States

APSCO is a designer, manufacturer, and sells pneumatic and hydraulic valves, cylinders, actuators, and control systems for the heavy-duty truck equipment markets. Air Power Systems products are used in a variety of end markets, including construction, oil & gas, waste and recycling, fluid power, utility and snow, and ice removal. APSCO was founded in 1964 and is based in Tulsa, Oklahoma.

Buy -