M&A Deal Summary

Charlesbank Capital Partners and Audax Private Debt Acquire ImageQuix

On October 11, 2022, private equity firm Charlesbank Capital Partners and mezzanine finance firm Audax Private Debt acquired software company ImageQuix from ASG

Acquisition Highlights
  • This is Charlesbank Capital Partners’ 5th and Audax Private Debt’s 7th transaction in the Software sector.
  • This is Charlesbank Capital Partners’ 74th and Audax Private Debt’s 90th transaction in the United States.
  • This is Charlesbank Capital Partners’ 3rd and Audax Private Debt’s 5th transaction in North Carolina.

M&A Deal Summary

Date 2022-10-11
Target ImageQuix
Sector Software
Buyer(s) Charlesbank Capital Partners
Audax Private Debt
Sellers(s) ASG
Deal Type Divestiture

Target

ImageQuix

Raleigh, North Carolina, United States
ImageQuix is a provider of workflow and e-commerce solutions for high-volume professional photography studios. ImageQuix was founded in 1997 and is based in Raleigh, North Carolina.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 82 of 91
Sector: Software M&A 5 of 7
Type: Divestiture M&A Deals 9 of 9
State: North Carolina M&A 3 of 4
Country: United States M&A 74 of 80
Year: 2022 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 Accordion Partners

New York, New York, United States

Accordion Partners is a private equity-focused financial and technology consulting firm. Working at the intersection of sponsors and management teams, Accordion partners with clients at every stage of the investment lifecycle. Accordion Partners was founded in 2009 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-26 Maltego Technologies

Munich, Germany

Maltego Technologies is a software company focusing on Cyber Security and Big Data Analytics. Maltego product is used for graph-enhanced visualization and link analysis. It is inter alia applied in cyber law enforcement and in securing computer networks as well as a number of related fields. Maltego Technologies is based in Munich, Germany.

Buy -
Buyer

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 92 of 120
Sector: Software M&A 7 of 8
Type: Divestiture M&A Deals 4 of 4
State: North Carolina M&A 5 of 8
Country: United States M&A 90 of 118
Year: 2022 M&A 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 MediaRadar

New York, New York, United States

MediaRadar is an advertising intelligence company that offers a suite of tools that provides sales intelligence directly to media ad sales personnel and new business development executives at agencies. The company tailors its products to support broadcasters, dotcoms, ad tech companies, magazines, newspapers, and mobile media companies. MediaRadar was founded in 2007 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Magna Legal Services

Philadelphia, Pennsylvania, United States

Magna Legal Services is a provider of litigation support services to law firms, corporations, insurance carriers, and government agencies, offering a broad array of services that support clients through each phase of the litigation process, including court reporting, translation, videography, records retrieval, jury evaluation and consulting graphics design, and trial presentation services. Magna Legal Services was founded in 2007 and is based in Philadelphia, Pennsylvania.

Buy -

Seller(S) 1

SELLER

ASG

Walnut Creek, California, United States

Category Company
Sector Software
DESCRIPTION

ASG is a software business that buys, builds, and operates market-leading vertical SaaS companies. ASG brings exceptional talent, deep data analytics, and a market-tested software playbook to take your company to the next level. ASG is based in Walnut Creek, Californa.


DEAL STATS #
Overall 1 of 4
Sector: Software M&A 1 of 2
Type: Divestiture M&A Deals 1 of 4
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-18 MediMatrix

Minneapolis, Minnesota, United States

MediMatrix is a mobile healthcare software business that streamlines order management, enables 1-click image sharing, and expedites reimbursements for medical providers offering mobile radiology and imaging services. MediMatrix was founded in 2002 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-13 Sierra

Louisville, Kentucky, United States

Sierra Interactive develops residential real estate software and services for agents, teams, and brokers in the U.S. and Canada. Sierra’s proven lead generation and management solutions are trusted by top-performing teams and influential coaches in the real estate industry. Sierra Interactive was founded in 2007 and is headquartered in Louisville, Kentucky.

Buy -