M&A Deal Summary

Business Ink Acquires Cash Cycle Solutions

On December 4, 2014, Business Ink acquired business services company Cash Cycle Solutions from Frontier Growth and BIA Digital Partners

Acquisition Highlights
  • This is Business Ink’s 1st transaction in the Business Services sector.
  • This is Business Ink’s 1st transaction in the United States.
  • This is Business Ink’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2014-12-04
Target Cash Cycle Solutions
Sector Business Services
Buyer(s) Business Ink
Sellers(s) Frontier Growth
BIA Digital Partners
Deal Type Add-on Acquisition

Target

Cash Cycle Solutions

Charlotte, North Carolina, United States
Cash Cycle Solutions, Inc. is a provider of outsourced transaction processing services.

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Buyer(S) 1

Buyer

Business Ink

Austin, Texas, United States

Category Company
Founded 1986
Sector Information Technology
DESCRIPTION

Business Ink is a world-class provider of strategic business communication services that helps public and private sector organizations run and grow their business. Business Ink creates and manages customized solutions using a data-driven technology platform that generates the right solution for the right audience. More than 500 organizations across the U.S. work with Business Ink. Headquartered in Austin, Texas, Business Ink has operations in Fort Worth, Texas, and Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 2

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 19 of 38
Sector (Business Services) 4 of 7
Type (Add-on Acquisition) 11 of 23
State (North Carolina) 4 of 6
Country (United States) 19 of 36
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-22 InteliSecure

Greenwood Village, Colorado, United States

InteliSecure, Inc. is an IT managed security service provider (MSSP). With a focus on data loss prevention (DLP), the company provides global 24/7 managed security services for organizations looking to protect business-critical information. InteliSecure was founded in 2002 and is based in Greenwood Village, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-04 Vibe HCM

Austin, Texas, United States

Vibe HCM is an HCM technology and services provider. Vibe HCM’s unique focus on delivering both transactions and engagement in one unified platform sets a new standard for HR technology. Vibe HCM was founded in 1996 and is based in Austin, Texas.

Buy -
SELLER

BIA Digital Partners

Chantilly, Virginia, United States

Category Mezzanine Finance Firm
Founded 1983
PE ASSETS 283M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BIA Digital Partners is a private investment firm focused on making junior capital investments in businesses serving the media/entertainment, telecommunications, information services, and business services sectors. The Firm has a special interest in companies generating a significant level of recurring revenue. BIA typically invests in businesses valued from $20 to $100 million and revenues $15 to $100 million. Investment proceeds are generally used to pursue organic growth opportunities, make acquisitions, fund management or leveraged buyouts, recapitlizations, and debt refinancings. BIA is licensed as a SBIC and is based in Chantilly, Virginia.


DEAL STATS #
Overall 20 of 23
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 9 of 10
State (North Carolina) 3 of 3
Country (United States) 20 of 23
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 GTT

McLean, Virginia, United States

GTT is a global telecommunications carrier and network integrator serving the data communications needs of large enterprise, government and carrier clients. GTT was founded in 2005 and is based in McLean, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-07 Manifest Digital

Chicago, Illinois, United States

Manifest Digital, Inc. is an interactive agency that provides interactive-marketing services to traditional and online media.

Sell -