M&A Deal Summary

Banneker Partners Acquires Versaterm

On December 8, 2020, private equity firm Banneker Partners acquired software company Versaterm

Acquisition Highlights
  • This is Banneker Partners’ 5th transaction in the Software sector.
  • This is Banneker Partners’ 1st transaction in Canada.
  • This is Banneker Partners’ 1st transaction in Ontario.

M&A Deal Summary
Date 2020-12-08
Target Versaterm
Sector Software
Buyer(s) Banneker Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Sampford Advisors (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) 1

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 19
Sector (Software) 5 of 12
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Ontario) 1 of 3
Country (Canada) 1 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 Ancestry

Provo, Utah, United States

Ancestry.com 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 AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, 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 -
Mergr

Product

Company

Legal