Investment Summary

ABRY Partners Invests In Turnberry Solutions

On January 1, 2020, private equity firm ABRY Partners invested in information technology company Turnberry Solutions

Investment Highlights
  • This is ABRY Partners’ 27th transaction in the Information Technology sector.
  • This is ABRY Partners’ 119th transaction in the United States.
  • This is ABRY Partners’ 4th transaction in Pennsylvania.

Investment Summary
Date 2020-01-01
Target Turnberry Solutions
Sector Information Technology
Investor(s) ABRY Partners
Deal Type Growth Capital

Target

Turnberry Solutions

Malvern, Pennsylvania, United States
Turnberry Solutions is an IT consulting and professional services firm with a proven track record delivering large-scale technology projects. As an Advanced Consulting Partner of Amazon Web Services, Premiere Partner of Splunk, and Microsoft Gold Certified Managed Partner, Turnberry’s team of consultants and technologists have designed, implemented and deployed some of the world’s most scalable business enablement platforms for enterprise and mid-market clients. Turnberry Solutions is based in Malvern, Pennsylvania.

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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 136 of 171
Sector (Information Technology) 27 of 37
Type (Growth Capital) 28 of 44
State (Pennsylvania) 4 of 4
Country (United States) 119 of 145
Year (2020) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Hilb Group

Richmond, Virginia, United States

Hilb Group is a middle-market insurance agency. Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. Hilb Group was founded in 2009 and is based in Richmond, Virginia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Options

London, United Kingdom

Options provides outsourced financial technology and managed IT services to the global capital markets. Its clients include the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses, and exchanges. Options was founded in 1993 and is based in London, United Kingdom.

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