Investment Summary

Ballast Point Ventures and Altpoint Capital Partners Invest In Vazata

On September 12, 2012, growth capital firms Ballast Point Ventures and Altpoint Capital Partners invested in information technology company Vazata

Investment Highlights
  • This is Ballast Point Ventures’ 3rd and Altpoint Capital Partners’ 3rd transaction in the Information Technology sector.
  • This is Ballast Point Ventures’ 21st and Altpoint Capital Partners’ 7th transaction in the United States.
  • This is Ballast Point Ventures’ 3rd and Altpoint Capital Partners’ 1st transaction in Texas.

Investment Summary

Date 2012-09-12
Target Vazata
Sector Information Technology
Investor(s) Ballast Point Ventures
Altpoint Capital Partners
Deal Type Growth Capital
Advisor(s) Signal Hill Capital (Financial)

Target

Vazata

McKinney, Texas, United States
Vazata provides highly secure, stable, and scalable technology solutions that meet the challenges of its global customers using a proprietary cloud architecture called vStructure™. The vStructure™ IaaS platform allows for enhanced computing capabilities, accessibility, and fiscal viability in solutions designed to grow with organizations of all sizes. Vazata was founded in 2000 and is based in McKinney, Texas.

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Investor(S) 2

Investor

Ballast Point Ventures

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ballast Point Ventures is a private investment firm that targets growth businesses located in the South US. Ballast Point looks to commit $5 to $15 million of equity capital per transaction and looks for businesses in markets with annual revenues of at least $100 million. Sectors of interest include healthcare, information technology (IT), financial services, communications, business services, and consumer products/services. Ballast Point Ventures was formed in 2001 and is based in Tampa, Florida.


DEAL STATS #
Overall 21 of 44
Sector: Information Technology M&A 3 of 5
Type: Growth Capital M&A Deals 12 of 24
State: Texas M&A 3 of 8
Country: United States M&A 21 of 44
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Blue Medical Supply

Jacksonville, Florida, United States

Distributes consumable medical and surgical supplies, diagnostic equipment, and pharmaceutical-related products to physicians throughout the Southeast.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-27 FSV Payment Systems

Jacksonville, Florida, United States

FSV Payment Systems, Inc., provides prepaid program management and processing services. FSV processes hundreds of programs and millions of cards for employers, government agencies, banks, insurance companies, and incentive/marketing firms.

Sell -
Investor

Altpoint Capital Partners

New York, New York, United States

Investor Investor


Category Growth Capital Firm
Founded 2009
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Altpoint Capital Partners is a private equity firm focused on making equity investments in established companies with significant potential for growth and profit improvement. Altpoint looks to invest $25 to $150 million in companies valued from $100 to $500 million. Areas of interest include industrial, consumer, business services, financial services, telecommunications, healthcare, and energy. Prospective transaction situations include non-core divestitures, family-run businesses, 'good companies' with overleveraged balance sheets, and restructurings. Altpoint Capital was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 7 of 7
Sector: Information Technology M&A 3 of 3
Type: Growth Capital M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Anaraq Holdings

Arizona, United States

Anaraq Holdings LLC is an operator of a payments technology company and payment processing industry acquisition platform serving as a growth capital partner for ISO groups and companies focused on payment technologies. Anaraq Holdings is based in Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 AmQuip Crane Rental

Trevose, Pennsylvania, United States

AmQuip Crane Rental is a provider of crane rentals and related services with a fleet of approximately 500 cranes. AmQuip Crane Rental is based in Trevose, Pennsylvania.

Sell -