M&A Deal Summary |
|
|---|---|
| Date | 2022-10-04 |
| Target | Salary.com |
| Sector | Internet Software and Services |
| Buyer(s) | Accel-KKR |
| Sellers(s) |
Prudential Capital Group
H.I.G. Private Equity |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 19.0B USD |
| Size | Mega |
| Type | Sector Focused |
Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 107 of 117 |
| Sector (Internet Software and Services) | 30 of 34 |
| Type (Secondary Buyout) | 15 of 18 |
| State (Massachusetts) | 6 of 6 |
| Country (United States) | 75 of 81 |
| Year (2022) | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-13 |
Navis
Oakland, California, United States Navis provides enterprise software solutions for the maritime transportation and logistics industry. Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Navis was founded in 1988 and is based in Oakland, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-15 |
PayProp
Fort Lauderdale, Florida, United States PayProp is an automated payment and reconciliation platform specific to the property management industry that is both easier to use and more powerful than solutions offered by banks and traditional software vendors. PayProp was founded in 2004 and is based in Fort Lauderdale, Florida. |
Buy | - |
Prudential Capital Group is an investment firm focused on providing private debt, mezzanine and equity securities to middle-market companies. Prudential Capital looks to invest between $10 and $100 million in companies generating sales of $50 to $300 million. The Firm pursues a variety of transaction types, including debt refinancing, growth, acquisition financing, stock repurchases, recapitalizations, and buyouts. Sectors of interest include energy, commercial asset finance, lease, and infrastructure. Prudential Capital Group is based in Newark, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 3 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 4 of 5 |
| Year (2022) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-28 |
ESS
Knoxville, Tennessee, United States ESS is a provider of staffing solutions. ESS specializes in placing qualified staff in daily, long-term, and permanent K-12 school district positions including substitute teachers, paraprofessionals, and other school support staff. ESS was founded in 2000 and is based in Knoxville, Tennessee. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-15 |
One Energy
Findlay, Ohio, United States One Energy is a vertically integrated industrial power solutions company and is an installer of on-site, behind-the-meter, megawatt-scale, wind energy in the United States. The company provides Wind for Industry solutions for large electricity consumers. It delivers project assessment, development, engineering, procurement, construction, finance, and operations. One Energy was formed in 2009 and is based in Findlay, Ohio. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.
| DEAL STATS | # |
|---|---|
| Overall | 148 of 175 |
| Sector (Internet Software and Services) | 3 of 3 |
| Type (Secondary Buyout) | 58 of 71 |
| State (Massachusetts) | 7 of 7 |
| Country (United States) | 106 of 120 |
| Year (2022) | 5 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-20 |
Northern Biogas
Morgantown, West Virginia, United States Northern Biogas is a waste-to-renewable natural gas company, specializing in the development, construction, and operation of renewable natural gas (“RNG”) facilities that represent sustainable, clean energy solutions for waste generated from dairies, landfills, and other facilities producing organic waste, including food waste. Northern Biogas is based in Morgantown, West Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-18 |
Hiventy
Boulogne-Billancourt, France Hiventy offers its customers recognized technical expertise in the areas of image, sound post-production, digital restoration, dubbing, sub-titling, broadcast and video and digital delivery. Hiventy is based in Boulogne-Billancourt, France. |
Sell | - |
