Consolidation • Software

Black Dragon Capital Acquires Veep

On September 8, 2022, private equity firm Black Dragon Capital acquired software company Veep

Acquisition Context
  • This is Black Dragon Capital’s 2nd transaction in the Software sector.
  • This is Black Dragon Capital’s 5th transaction in the United States.
  • This is Black Dragon Capital’s 3rd transaction in Florida.

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M&A Deal Summary

Date September 8, 2022
Target Veep
Sector Software
Buyer(s) Black Dragon Capital
Deal Type Consolidation

Target Company

Veep

Boca Raton, Florida, United States
Veep is a socially responsible SaaS based HR and payments technology platform, designed to allow hourly employees, under-privileged and under-represented wage earners to access earned wages faster and at a lower cost than other exploitive alternatives, without exposing critical personal information about the employee. Veep is based in Boca Raton, Florida.
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Buyer Overview 1

DESCRIPTION

Black Dragon Capital is a private equity firm focused on growth-oriented, technology investments in ecommerce, financial services, sports, and media. The Firm looks for opportunities that can benefit from the Firm's expertise with distribution and operations. Target companies typically are profitable with $5 to $25 million in revenue. Black Dragon Capital is based in Miami, Florida.


Deal Context for Buyer #
Overall 6 of 8
Sector: Software 2 of 2
Type: Consolidation 1 of 2
State: Florida 3 of 4
Country: United States 5 of 7
Year: 2022 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Digital Joy

Miami Beach, Florida, United States

Digital Joy is the end-to-end solution for cloud-based live and video-on-demand production, media asset management, multi-platform distribution, ad insertion, and audience engagement. Digital Joy provides a production and distribution platform with unified orchestration that allows users to create, edit and manage broadcast-quality content, easily and efficiently. Digital Joy was founded in 2022 and is based in Miami Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 PayOnWard

Boca Raton, Florida, United States

PayOnward is a cloud-native universal payments platform that empowers community based financial institutions to offer a full suite of AI driven digital payment solutions for both business and consumers through a easy to use and efficient integrated solution. PayOnWard was founded in 2022 and is based in Boca Raton, Florida.

Buy -