M&A Deal Summary

Bregal Sagemount Acquires Single Digits

On February 14, 2017, growth capital firm Bregal Sagemount acquired internet software and services company Single Digits from Spring Lake Equity Partners

Acquisition Highlights
  • This is Bregal Sagemount’s 5th transaction in the Internet Software and Services sector.
  • This is Bregal Sagemount’s 26th transaction in the United States.
  • This is Bregal Sagemount’s 1st transaction in New Hampshire.
Investment Fate
  • Single Digits was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2017-02-14
Target Single Digits
Sector Internet Software and Services
Buyer(s) Bregal Sagemount
Sellers(s) Spring Lake Equity Partners
Deal Type Secondary Buyout
Advisor(s) Cook Little (Legal)

Target

Single Digits

Bedford, New Hampshire, United States
Single Digits is a provider of high-speed internet access (HSIA) management and support solutions, guest management software and technical support services. Single Digits was founded in 2003 and is based in Bedford, New Hampshire.

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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 27 of 67
Sector: Internet Software and Services M&A 5 of 10
Type: Secondary Buyout M&A Deals 3 of 8
State: New Hampshire M&A 1 of 1
Country: United States M&A 26 of 63
Year: 2017 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Adreima

Downers Grove, Illinois, United States

Adreima, Inc. is a provider of patient-centered, clinically-integrated revenue cycle services that help patients find coverage and meet their financial obligations, while partnering with health care providers to optimize revenue cycle functions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 Key Health

Westlake Village, California, United States

Key Health manages a California based radiology and neurodiagnostic provider network that assists the workers' compensation and personal injury segments of the diagnostic services market. Key Health is based in Westlake Village, California.

Sell -

Seller(S) 1

DESCRIPTION

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.


DEAL STATS #
Overall 36 of 39
Sector: Internet Software and Services M&A 6 of 6
Type: Secondary Buyout M&A Deals 6 of 6
State: New Hampshire M&A 1 of 1
Country: United States M&A 36 of 38
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 Adaptive Computing Enterprises

Provo, Utah, United States

Adaptive Computing Enterprises, Inc. is a provider of workload and resource orchestration software. Adaptive Computing Enterprises, Inc. was founded in 2001 and is based in Provo, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Astadia

Jacksonville, Florida, United States

Astadia is a technology consulting firm with a focus on mainframe migrations that has benefited hundreds of clients, converted millions of lines of COBOL, and helped maximize the impact and minimize the risks of today’s blended enterprise and cloud IT ecosystem. Astadia was founded in 1996 and is based in Jacksonville, Florida.

Buy -