M&A Deal Summary |
|
|---|---|
| Date | 2020-04-08 |
| Target | SVM |
| Sector | Technology Hardware |
| Buyer(s) | Blackhawk Network |
| Sellers(s) | Ashby Point Capital |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Piper Sandler & Co. (Financial) |
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| Category | Company |
|---|---|
| Founded | 2001 |
| Sector | Information Technology |
| Employees | 2,331 |
| Revenue | 1.8B USD (2016) |
Blackhawk Network is a global financial technology company and is connecting brands and people through branded value solutions. Blackhawk platforms and solutions enable the management of stored value products, promotions and rewards programs in retail, ecommerce, financial services and mobile wallets. Blackhawk’s Hawk Commerce division offers technology solutions to businesses and direct to consumers. The Hawk Incentives division offers enterprise, SMB and reseller partners an array of platforms and branded value products to incent and reward consumers, employees and sales channels. Blackhawk Network was founded in 2001 and is based in Pleasanton, California.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 15 |
| Sector (Technology Hardware) | 1 of 1 |
| Type (Add-on Acquisition) | 11 of 13 |
| State (Illinois) | 1 of 2 |
| Country (United States) | 11 of 13 |
| Year (2020) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-30 |
CashStar
Portland, Maine, United States CashStar, Inc. is a provider of gift card commerce solutions at the forefront of mobile payments and digital gifting innovation. CashStar, Inc. was established in 2002 and is based in Portland, Maine. |
Buy | $175M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-01 |
Achievers
San Francisco, California, United States Achievers is a provider of employee recognition and rewards solutions designed to help companies increase employee engagement. Achievers delivers an employee success platform™ that enables social recognition, which dramatically increases employee engagement and drives business success. Achievers was founded in 1995 and is based in San Francisco, California. |
Sell | - |
Ashby Point Capital is a private equity firm that seeks investments in companies within the payment systems and financial services industries. Ashby Point will consider early and growth-stage companies and looks to commit $100K to $5 million per transaction. Ashby Point Capital was formed in 2007 and is based in Arnold, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Technology Hardware) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-17 |
InstaMed Communications
Philadelphia, Pennsylvania, United States InstaMed Communications LLC is a healthcare payments network, connecting providers, payers and consumers on one platform. InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually. InstaMed reduces the risks, costs and complexities of working with multiple payment vendors by delivering one platform for all forms of payment in healthcare, designed and developed on one code base and supported by one onshore team of experts in healthcare payments. InstaMed Communications LLC was founded in 2004 and is based in Philadelphia, Pennsylvania. |
Sell | - |
