M&A Deal Summary

Bregal Sagemount Acquires Kiteworks

On April 7, 2020, growth capital firm Bregal Sagemount acquired safety/security company Kiteworks from Riverwood Capital

Acquisition Highlights
  • This is Bregal Sagemount’s 1st transaction in the Safety/Security sector.
  • This is Bregal Sagemount’s 38th transaction in the United States.
  • This is Bregal Sagemount’s 9th transaction in California.

M&A Deal Summary

Date 2020-04-07
Target Kiteworks
Sector Safety/Security
Buyer(s) Bregal Sagemount
Sellers(s) Riverwood Capital
Deal Type Secondary Buyout

Target

Kiteworks

San Mateo, California, United States
Kiteworks provides enterprise-class mobile file sharing solutions to enable secure, anytime, anywhere access to information while ensuring enterprise security and compliance. Kiteworks was established in 1999 and is based in San Mateo, California.

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Buyer(S) 1

Buyer

Bregal Sagemount

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 40 of 65
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 5 of 7
State (California) 9 of 14
Country (United States) 38 of 61
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 MRI Software

Solon, Ohio, United States

MRI Software is a provider of real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. MRI develops lasting client relationships based on nearly five decades of expertise and insight. MRI Software was established in 1971 and is based in Solon, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-06 Corcentric

Cherry Hill, New Jersey, United States

Corcentric is a provider of business spend management and revenue management software and services. Corcentric was founded in 1996 and is based in Cherry Hill, New Jersey.

Buy -

Seller(S) 1

SELLER

Riverwood Capital

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Riverwood Capital is a tech-focused on private equity firm. Riverwood will consider investment opportunities across North and South America and looks for situations where the firm can commit $25 to $125 per transaction. Prospective transaction situations include growth capital financings, carve-outs, consolidations, and buyouts. Specific areas of interest include IT, communications, technology hardware, electronics, software, and digital media. Riverwood Capital was formed in 2008 and is based in Menlo Park, California.


DEAL STATS #
Overall 9 of 24
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 2 of 3
State (California) 5 of 9
Country (United States) 7 of 17
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-27 Enjoy

Palo Alto, California, United States

Enjoy is a technology-powered platform reinventing "Commerce at Home" to bring the best of the store directly to the customer. Enjoy operate mobile retail stores for our partners across the US, UK, and Canada. Enjoy was established in 2014 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 Sensor Tower

San Francisco, California, United States

Sensor Tower is a provider of market intelligence and insights for the global app economy. Sensor Tower provides enterprise-level data on mobile apps and publishers through our Store Intelligence, Ad Intelligence, Usage Intelligence, and App Intelligence platforms, which offer download, revenue, share of voice, and engagement metrics at unparalleled accuracy for the world’s most important markets. Sensor Tower was founded in 2013 and is based in San Francisco, California.

Buy -