Investment Summary

Bain Capital Private Equity and HarbourVest Partners Invest In SevOne

On January 22, 2013, private equity firms Bain Capital Private Equity and HarbourVest Partners invested in information technology company SevOne

Investment Highlights
  • This is Bain Capital Private Equity’s 2nd and HarbourVest Partners’ 13th transaction in the Information Technology sector.
  • This is Bain Capital Private Equity’s 62nd and HarbourVest Partners’ 67th transaction in the United States.
  • This is Bain Capital Private Equity’s 1st and HarbourVest Partners’ 1st transaction in Delaware.
Investment Fate
  • SevOne was sold to a strategic buyer in 2019.

Investment Summary

Date 2013-01-22
Target SevOne
Sector Information Technology
Investor(s) Bain Capital Private Equity
HarbourVest Partners
Deal Type Growth Capital

Target

SevOne

Wilmington, Delaware, United States
SevOne, Inc. delivers comprehensive real-time IT infrastructure monitoring, troubleshooting and performance reporting solution. The company invented a proprietary, next-generation distributed technology, called the SevOne Cluster™, that combines the cutting edge principles behind peer-to-peer sharing and big data analytics to scale smoothly so that millions of IT elements, across all monitoring technologies, can be managed and provide a single view to the user. SevOne was formed in 2005 and is based in Wilmington, Delaware.

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Investor(S) 2

Investor

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 104 of 251
Sector: Information Technology M&A 2 of 17
Type: Growth Capital M&A Deals 7 of 19
State: Delaware M&A 1 of 1
Country: United States M&A 62 of 130
Year: 2013 M&A 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-09 Apple Leisure Group

Newtown Square, Pennsylvania, United States

Apple Leisure Group is a vertically integrated travel and hospitality company focused on packaged travel and resort/brand management in Mexico and the Caribbean. Apple Leisure Group was founded in 1969 and is based in Newtown Square, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-04 Apex Tool Group

Sparks, Maryland, United States

Apex Tool Group is a global producer of industrial hand and power tools, tool storage, drill chucks, chain, and electronic soldering products. Apex serves a multitude of global markets, including automotive, aerospace, electronics, energy, hardware, industrial, and consumer retail. Apex Tool Group was founded in 2010 and is based in Sparks, Maryland.

Buy $1.6B
Investor

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 110 of 214
Sector: Information Technology M&A 13 of 24
Type: Growth Capital M&A Deals 14 of 32
State: Delaware M&A 1 of 1
Country: United States M&A 67 of 130
Year: 2013 M&A 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-22 Sea Swift

Cairns, Australia

Sea Swift is a shipping business in remote locations (regular cargo business, project business, and fishing support). Sea Swift was founded in 1987 and is based in Cairns, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-25 Telrad Networks

Lod, Israel

Telrad is a telecom equipment and services organization, founded in 1951. The company provides products in the areas of IP NGN, gateways, optical, metro, enterprise, wireless, and switching.

Buy -