Secondary Buyout • Information Technology

Bridge Growth Partners Acquires Syniti

On August 3, 2017, growth capital firm Bridge Growth Partners acquired information technology company Syniti from Goldman Sachs Merchant Banking

Acquisition Context
  • This is Bridge Growth Partners’ 5th transaction in the Information Technology sector.
  • This is Bridge Growth Partners’ 4th transaction in the United States.
  • This is Bridge Growth Partners’ 1st transaction in Massachusetts.
Investment Fate
  • Syniti was sold to a strategic buyer in 2024.

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M&A Deal Summary

Date August 3, 2017
Target Syniti
Sector Information Technology
Buyer(s) Bridge Growth Partners
Sellers(s) Goldman Sachs Merchant Banking
Deal Type Secondary Buyout
Advisor(s) J.P. Morgan Securities (Financial)
Goodwin Procter (Legal)

Target Company

Syniti

Needham, Massachusetts, United States
Syniti engages in information governance and data stewardship solutions, focusing on helping customers manage one of their most critical assets data. Syniti products and services enable organizations to accelerate growth, gain actionable visibility, and reduce risks. Syniti was founded in 1996 and is based in Needham, Massachusetts.
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Buyer Overview 1

Buyer

Bridge Growth Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2013
Size Small
Type Sector Focused
DESCRIPTION

Bridge Growth Partners is a private equity firm that targets investments in the technology and technology-enabled financial services sectors. Bridge Growth Partners pursues growth situations and will consider opportunities throughout the US. Bridge Growth Partners was formed in 2013 and is based in New York City.


Deal Context for Buyer #
Overall 6 of 6
Sector: Information Technology 5 of 5
Type: Secondary Buyout 5 of 5
State: Massachusetts 1 of 1
Country: United States 4 of 4
Year: 2017 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-30 Accedian

Montreal, Quebec, Canada

Accedian is a provider of highly accurate network performance monitoring and assurance solutions. Accedian's software and technology are used by the world’s largest mobile, enterprise, and carrier networks to monitor, test, and ultimately ensure the real-time quality of service (QoS) and quality of experience (QoE) for operators. Accedian Networks was founded in 2004 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Salient CRGT

Fairfax, Virginia, United States

Salient CRGT’s diverse, hard-working team provides a wide range of technology and mission support services to U.S. federal government agencies. The company has earned the unwavering trust of customers, who cite deep expertise, exceptionally responsive approach, and high-value solutions for consistently ensuring their success. Founded in 1998, Salient CRGT is a privately held company headquartered in Fairfax, Virginia.

Sell -

Seller Profile 1

SELLER

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


Deal Context for Seller #
Overall 77 of 126
Sector: Information Technology 7 of 11
Type: Secondary Buyout 22 of 34
State: Massachusetts 4 of 5
Country: United States 53 of 90
Year: 2017 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Revenue.io

Sherman Oaks, California, United States

Revenue.io is an operator of an end-to-end sales engagement platform that combines enterprise-grade telephony with conversation intelligence. Revenue.io helps teams engage with prospects and customers in the right way, at the right time, with the right context. Revenue.io was founded in 2013 and is based in Sherman Oaks, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 Carver Korea Co.

Seoul, South Korea

Carver Korea Co. Ltd. is a Korean cosmetics company that owns a number of brands including A.H.C (Aesthetic Hydration Cosmetics), Shara, and Vivito spanning sectors including skincare, make-up and fashion. The company has an established skincare products portfolio of more than 1,000 products which combines beauty with science to compete in some of the most lucrative segments of the cosmetics industry, such as eye creams, essences, and toners. Carver Korea first gained recognition for its quality through its sales at dermatology and skin care beauty salons. Currently, the company’s cosmetic brands are offered to consumers through various channels, including home shopping television networks, retail stores, duty free shops, beauty salons, skincare clinics and Internet commerce.

Sell €2.3B