Investment Summary

Apax, Pharos Capital Group and Azini Capital Partners Invest In StreamServe

On January 1, 1999, private equity firm Apax, private equity firm Pharos Capital Group and secondary investor Azini Capital Partners invested in business services company StreamServe

Investment Highlights
  • This is Apax’s 1st, Pharos Capital Group’s 1st and Azini Capital Partners’ 1st transaction in the Business Services sector.
  • This is Apax’s 4th, Pharos Capital Group’s 2nd and Azini Capital Partners’ 1st transaction in the United States.
  • This is Apax’s 1st, Pharos Capital Group’s 1st and Azini Capital Partners’ 1st transaction in Massachusetts.
Investment Fate
  • StreamServe was sold to a publicly-traded strategic buyer in 2010 for 71M USD.

Investment Summary

Date 1999-01-01
Target StreamServe
Sector Business Services
Investor(s) Apax
Pharos Capital Group
Azini Capital Partners
Deal Type Venture

Target

StreamServe

Burlington, Massachusetts, United States
StreamServe, Inc. is a provider of enterprise content management solutions for banking, supply chain, insurance, and utilities industries.

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Investor(S) 3

Investor

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 9 of 266
Sector: Business Services M&A 1 of 17
Type: Venture M&A Deals 2 of 34
State: Massachusetts M&A 1 of 5
Country: United States M&A 4 of 107
Year: 1999 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Merlin Entertainments

Poole, United Kingdom

Merlin Entertainments is an entertainments company. Merlin runs 124 attractions in 25 countries across four continents. Merlin Entertainments was formed in 1999 and is headquartered in Poole, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 Thomson Directories

Farnborough, United Kingdom

Thomson Directories Limited publishes business listings in print and online formats.

Buy -
Investor

Pharos Capital Group

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pharos Capital Group is a private equity firm that provides later-stage equity funding to companies at or near cash-flow break even. Investment funds are typically used to support growth, acquisitions, management buyouts, or recapitalization. Pharos looks to commit $20 to $50 million per transaction. Target sectors include healthcare, business services, and technology. Pharos prefers US-based opportunities. Pharos Capital Group was formed in 1998 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 39
Sector: Business Services M&A 1 of 5
Type: Venture M&A Deals 1 of 9
State: Massachusetts M&A 1 of 5
Country: United States M&A 2 of 38
Year: 1999 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-11-01 LifeTrust America

Nashville, Tennessee, United States

LifeTrust America is a senior living operating company, which owns, leases and operates 47 assisted living communities with 2,636 units which offer independent living apartments and assisted living accommodations, including specialized care for Alzheimer residents, throughout the Southeast. In addition, LTA manages 12 assisted living facilities for third- party owners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-01 IASIS Healthcare

Franklin, Tennessee, United States

IASIS Healthcare Corp. is an owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. Additionally, IASIS owns and operates a Medicaid managed health plan in Phoenix that serves over 108,000 members. IASIS Healthcare was formed in 1998 and is based in Franklin, Tennessee.

Buy -
DESCRIPTION

Azini Capital Partners LLP is a private investment group focused acquiring secondary interests in growth-oriented companies. The Firm looks to acquire minority positions (> 15%) in companies with at least $10 million in revenue. The Firm prefers acquiring interests in tech-oriented or tech-enabled companies. Azini Capital was established in 2004 and is based in London.


DEAL STATS #
Overall 1 of 19
Sector: Business Services M&A 1 of 2
Type: Venture M&A Deals 1 of 9
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 6
Year: 1999 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-12 Bolero

Walton-on-Thames, United Kingdom

Bolero is a cloud-based platform that provides a way to optimize complex international trade chains. Bolero was formed in 1998 and is based in Walton-on-Thames, United Kingdom.

Buy -