M&A Deal Summary

Banneker Partners and Permira Acquire Versaterm

On December 8, 2020, private equity firms Banneker Partners and Permira acquired software company Versaterm

Acquisition Highlights
  • This is Banneker Partners’ 5th and Permira’s 9th transaction in the Software sector.
  • This is Banneker Partners’ 1st and Permira’s 2nd transaction in Canada.
  • This is Banneker Partners’ 1st and Permira’s 1st transaction in Ontario.

M&A Deal Summary

Date 2020-12-08
Target Versaterm
Sector Software
Buyer(s) Banneker Partners
Permira
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Sampford Advisors
Shea & Company (Financial)

Target

Versaterm

Ottawa, Ontario, Canada
Versaterm provides CAD and records systems to public safety agencies in North America and the Caribbean. It offers records management systems, fire records management systems, computer-aided dispatch systems, mobile workstations, law enforcement information sharing portal, and crime analysis package. Versaterm was formed in 1977 and is based in Ottawa, Ontario.

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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 10 of 21
Sector: Software M&A 5 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
State: Ontario M&A 1 of 3
Country: Canada M&A 1 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 Ancestry

Lehi, Utah, United States

Ancestry is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and Ancestry Health. Ancestry was founded in 1990 and is based in Lehi, Utah.

Sell $4.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Fluence Technologies

Toronto, Ontario, Canada

Fluence Technologies provides the only financial close and consolidation software for mid-sized companies. Fluence quick deployment, adoption, and time to value delivers game-changing efficiency gains and trusted, timely numbers for assessing past performance and planning for the future. Fluence Technologies is based in Toronto, Ontario.

Buy -
Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 141 of 170
Sector: Software M&A 9 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 52 of 55
State: Ontario M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2020 M&A 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-20 Full Truck Alliance

Guiyang, China

Full Truck Alliance is an online commercial freight platform in China in the full-truck-load (FTL) segment. Its mobile applications provide match-making services to shippers, third-party logistics providers and truck drivers in China’s road freight logistics market, improving transportation efficiency by reducing transaction costs and the number of empty return loads. Full Truck Alliance was founded in 2017 and is based in Guiyang, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-29 Boats Group

Miami, Florida, United States

Boats Group is an online classifieds marketplace and technology provider for the recreational marine industry and operates the four web portals – BoatTrader, boats.com, YachtWorld, and CosasDeBarcos.com. Boats Group has offices in North America (Norfolk, Virginia and Vancouver, British Columbia) as well as in Europe (the United Kingdom, Spain & Italy). Boats Group was founded in 1999 and is based in Miami, Florida.

Buy -