M&A Deal Summary

Agilysys Acquires Kyrus

On September 30, 2003, Agilysys acquired internet software and services company Kyrus from Peninsula Capital Partners for 31M USD

Acquisition Highlights
  • This is Agilysys’ 1st transaction in the Internet Software and Services sector.
  • This is Agilysys’ 4th largest (disclosed) transaction.
  • This is Agilysys’ 1st transaction in the United States.
  • This is Agilysys’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2003-09-30
Target Kyrus
Sector Internet Software and Services
Buyer(s) Agilysys
Sellers(s) Peninsula Capital Partners
Deal Type Add-on Acquisition
Deal Value 31M USD

Target

Kyrus

Taylors, South Carolina, United States
Kyrus Corp. is a provider of retail point-of sale solutions.

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Buyer(S) 1

Buyer

Agilysys

Alpharetta, Georgia, United States

Category Company
Founded 1932
Sector Software
Employees1,400
Revenue 237M USD (2024)
DESCRIPTION

Agilysys is a developer and marketer of proprietary enterprise software, services, and solutions for the hospitality industry. The company specializes in market point-of-sale, property management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions designed to streamline operations, improve efficiency, and enhance the guest experience. Agilysys was incorporated in 1963 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 1 of 12
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 12
State (South Carolina) 1 of 1
Country (United States) 1 of 9
Year (2003) 1 of 1
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-20 Inter-American Data

Lawrenceville, Georgia, United States

Inter-American Data, Inc. is a developer and provider of software and services to hotel casinos and major resorts in the United States and all of its solutions run on IBM platforms.

Buy $37M

Seller(S) 1

SELLER

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.


DEAL STATS #
Overall 6 of 47
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 3 of 23
State (South Carolina) 1 of 2
Country (United States) 6 of 44
Year (2003) 4 of 4
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-31 Century Foods International

Sparta, Wisconsin, United States

Century Foods International is a formulator, blender, and marketer of dairy ingredients to the food and nutritional products industries. The Company operates out of five plants located in and around Sparta, Wisconsin. Century’s core business is the formulation (recipe creation) and blending of dry milk ingredients (and flavors, colors, etc.) used by hundreds of food and sport nutrition (whey protein drinks and bars) companies as both raw materials in their production and finished goods packaged by Century for shipment to retailers.

Sell $115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-01 Retail Pet Distributor

United States

The Company is the leading distributor of pure breed puppies to the retail pet industry. The Company delivers puppies to most major metropolitan areas throughout the U.S. via its fleet of custom-designed climate-controlled trucks. The Company is recognized throughout the pet industry as a leader in animal care and animal welfare, and for its attention to customer service, quality, and safety

Buy -