M&A Deal Summary

Banneker Partners and Farol Asset Management Acquire Ever.Ag

On August 29, 2019, private equity firms Banneker Partners and Farol Asset Management acquired information technology company Ever.Ag

Acquisition Highlights
  • This is Banneker Partners’ 1st and Farol Asset Management’s 3rd transaction in the Information Technology sector.
  • This is Banneker Partners’ 9th and Farol Asset Management’s 13th transaction in the United States.
  • This is Banneker Partners’ 1st and Farol Asset Management’s 1st transaction in Texas.

M&A Deal Summary

Date 2019-08-29
Target Ever.Ag
Sector Information Technology
Buyer(s) Banneker Partners
Farol Asset Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Ever.Ag

Lewisville, Texas, United States
Ever.Ag is a pioneering provider of market intelligence and software-as-a-service (SaaS) solutions. Ever.Ag offers a wide range of innovative agtech solutions that empower agriculture, food and beverage supply chains to feed a growing world. Ever.Ag was founded in 2000 and is based in Lewisville, Texas.

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Buyer(S) 2

Buyer

Banneker Partners

San Francisco, California, United States

Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco.


DEAL STATS #
Overall 9 of 19
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (Texas) 1 of 2
Country (United States) 9 of 16
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 IQMS.com

Paso Robles, California, United States

IQMS.com is a provider of manufacturing software and ERP software systems for repetitive, process and discrete manufacturing industries. IQMS.com was founded in 1989 and is based in Paso Robles, California.

Sell $425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Pepperjam

Wilkes-Barre, Pennsylvania, United States

Pepperjam LLC is a performance marketing solutions provider powering growth for marketers seeking a scaled alternative to their primary sales and marketing channels. Ascend™, Pepperjam’s cloud-based affiliate marketing lifecycle platform, delivers a fully integrated partner discovery, recruitment, tracking, payment, and brand safety solution. Pepperjam was founded in 1999 and is based in Wilkes-Barre, Pennsylvania.

Sell -
DESCRIPTION

Farol Asset Management is a private equity firm that looks to match institutional investors with direct investment opportunities. The Firm seeks to commit $5 to $30 million per transaction to support a variety of transaction situations and typically works with opportunities brought to it by private equity firms, fund-less sponsors, entrepreneurs and operating executives. Farol Asset Management was formed in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 14 of 23
Sector (Information Technology) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 6 of 10
State (Texas) 1 of 2
Country (United States) 13 of 21
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Ritter Communications

Jonesboro, Arkansas, United States

Ritter Communications is a regional provider of internet, phone, video services, and cloud solutions to business, residential and wholesale customers in the Mid-South region of the U.S. Ritter Communications was founded year 1906 and is based in Jonesboro, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 Innophos

Cranbury, New Jersey, United States

Innophos is an international producer of performance-critical and nutritional specialty ingredients, with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. Innophos was founded in 2004 and is based in Cranbury, New Jersey.

Buy $932M