M&A Deal Summary

Capital Resource Partners Acquires SoftBrands

On June 15, 2009, private equity firm Capital Resource Partners acquired software company SoftBrands from ABRY Partners for 23M USD

Acquisition Highlights
  • This is Capital Resource Partners’ 3rd transaction in the Software sector.
  • This is Capital Resource Partners’ largest (disclosed) transaction.
  • This is Capital Resource Partners’ 32nd transaction in the United States.
  • This is Capital Resource Partners’ 1st transaction in Minnesota.
Investment Fate
  • SoftBrands was sold to a strategic buyer in 2009.

M&A Deal Summary
Date 2009-06-15
Target SoftBrands
Sector Software
Buyer(s) Capital Resource Partners
Sellers(s) ABRY Partners
Deal Type Secondary Buyout
Deal Value 23M USD

Target

SoftBrands

Minneapolis, Minnesota, United States
SoftBrands and Infor have complementary businesses given our shared focus on the mid-market, our origins in manufacturing and our product offerings in hospitality. The SoftBrands and Infor partnership offers SoftBrands customers an expanded product portfolio, best-in-class point solutions and a forward-looking technology platform.

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Buyer(S) 1

Buyer

Capital Resource Partners

Wellesley, Massachusetts, United States

Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capital Resource Partners (CRP) is a provider of debt and equity capital to lower middle-market companies throughout the United States. CRP typically provides $1 to $15 million of junior capital to support 'late-stage expansion, recapitalization, and incremental acquisition investments'. Target companies are generally profitable with at least $5 million in annual sales. Sectors of interest include business services, consumer products and services, healthcare services, proprietary industrial products and services, and software/information services. Capital Resource Partners was formed in 1987 and is based in Wellesley, Massachusetts.

DEAL STATS #
Overall 33 of 39
Sector (Software) 3 of 3
Type (Secondary Buyout) 2 of 2
State (Minnesota) 1 of 2
Country (United States) 32 of 38
Year (2009) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-03 The Art of Shaving

Miami,

The Art of Shaving is a multi-channel retailer and wholesaler of premium branded shaving and grooming products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Loyaltyworks

Atlanta, Georgia, United States

Loyaltyworks is a company in the loyalty and incentive marketplace. Loyaltywork’s core products include a loyalty points product (similar to airline frequent flyer miles) which can be delivered over the internet and promotional vacation certificates redeemable for vacation packages.

Sell -

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 17 of 103
Sector (Software) 1 of 7
Type (Secondary Buyout) 4 of 33
State (Minnesota) 2 of 2
Country (United States) 17 of 88
Year (2009) 3 of 3
Size (of disclosed) 29 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-10 Muzak

Fort Mill, South Carolina, United States

Muzak is the world's largest background music provider.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-31 Grande Communication

San Marcos, Texas, United States

Grande Communication is a broadband communications company that offers a full suite of Internet, TV, and phone services for residential and business customers through its state-of-the-art, high-capacity, hybrid fiber-optic network. Grande Communication was founded in 1999 and is based in San Marcos, Texas.

Buy -
Mergr

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