M&A Deal Summary

ABS Capital Partners and Egis Capital Partners Acquire ClearObject

On January 17, 2019, private equity firms ABS Capital Partners and Egis Capital Partners acquired information technology company ClearObject

Acquisition Highlights
  • This is ABS Capital Partners’ 11th and Egis Capital Partners’ 2nd transaction in the Information Technology sector.
  • This is ABS Capital Partners’ 57th and Egis Capital Partners’ 14th transaction in the United States.
  • This is ABS Capital Partners’ 2nd and Egis Capital Partners’ 1st transaction in Indiana.

M&A Deal Summary

Date 2019-01-17
Target ClearObject
Sector Information Technology
Buyer(s) ABS Capital Partners
Egis Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Needham & Company (Financial)

Target

ClearObject

Fishers, Indiana, United States
ClearObject is a provider of professional services, managed services, and tools that help its customers integrate and capitalize on the Internet of Things to innovate their businesses. ClearObject was founded in 2010 and is based in Fishers, Indiana.

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Buyer(S) 2

Buyer

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $25 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


DEAL STATS #
Overall 58 of 65
Sector: Information Technology M&A 11 of 13
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 20
State: Indiana M&A 2 of 2
Country: United States M&A 57 of 63
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 INTTRA

Parsippany, New Jersey, United States

INTTRA, Inc. is a cloud-based provider of networked supply chain solutions, featuring a complete portfolio of applications that enable the world’s most complex supply chains to better plan, collaborate, and execute their end-to-end operations. More than 70,000 partner companies and 200,000 users, many of the biggest brands and manufacturers across a range of industries, use the E2open network and platform to orchestrate their supply chains, creating efficiencies measured in the billions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 Deepwatch

Tampa, Florida, United States

Deepwatch is a provider of an intelligence-driven managed security services to minimize, detect, and rapidly respond to perpetually evolving cyber-attacks and threats against organizations. Deepwatch is based in Tampa, Florida.

Buy -
Buyer

Egis Capital Partners

Summit, New Jersey, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Egis Capital Partners LLC is a specialist private equity firm focused on opportunities in defense and homeland security. Egis has a target investment size of $10 to $80 million and is willing to act either as the lead investor or is willing to co-invest with larger funds on prospective transactions. Specific areas of interest include physical security services (systems integration, guard services, alarm monitoring, cash services); identity solutions (background screening, investigation services,biometrics, smart cards); and IT security (IT consulting, vulnerability assessment, application security, storage security). Egis Capital Partners LLC was formed in 2008 and is based in New York.


DEAL STATS #
Overall 14 of 18
Sector: Information Technology M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
State: Indiana M&A 1 of 1
Country: United States M&A 14 of 18
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Acuant

Los Angeles, California, United States

Acuant is a provider of identity verification solutions including a digital identity orchestration layer, ID document, and chip authentication, bio-metric, and data capture solutions. Acuant was founded in 1999 and is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 ECAM

Addison, Texas, United States

ECAM is a provider of live video monitoring solutions focused on designing, installing and providing pro-active remote video monitoring solutions to multi-family residential, commercial and industrial businesses across the United States. ECAM was founded in 2003 and is based in Addison, Texas.

Sell -