M&A Deal Summary

Charlesbank Capital Partners Acquires PakEnergy

On October 17, 2019, private equity firm Charlesbank Capital Partners acquired software company PakEnergy from Fort Point Capital

Acquisition Highlights
  • This is Charlesbank Capital Partners’ 2nd transaction in the Software sector.
  • This is Charlesbank Capital Partners’ 57th transaction in the United States.
  • This is Charlesbank Capital Partners’ 5th transaction in Texas.

M&A Deal Summary

Date 2019-10-17
Target PakEnergy
Sector Software
Buyer(s) Charlesbank Capital Partners
Sellers(s) Fort Point Capital
Deal Type Secondary Buyout
Advisor(s) Aeris Partners LLC (Financial)

Target

PakEnergy

Abilene, Texas, United States
PakEnergy is a provider of enterprise resource planning (ERP) and accounting software to the oil and gas industry, including oil and gas operators, midstream companies and mineral rights investors. PakEnergy was founded in 1986 and is based in Abilene, Texas.

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Buyer(S) 1

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 64 of 89
Sector (Software) 2 of 6
Type (Secondary Buyout) 21 of 31
State (Texas) 5 of 7
Country (United States) 57 of 78
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 MyEyeDr.

Vienna, Virginia, United States

MyEyeDr. provides exceptional eye care for patients of all ages through its local community of doctors. MyEyeDr. offers a comprehensive selection of popular glasses and brands for every budget and lifestyle. MyEyeDr. was founded in 2001 and is based in Vienna, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 DoiT International

Santa Clara, California, United States

DoiT International is a provider of proprietary public cloud optimization and operations software and public cloud expertise. DoiT International was founded in 2011 and is based in Santa Clara, California.

Buy -

Seller(S) 1

SELLER

Fort Point Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Fort Point Capital is a private investment firm that targets smaller middle-market growth company investments. The Firm specifically looks for partnerships where firm expertise can help businesses realize their 'potential'. Sectors of interest include business services, healthcare, consumer, and software and information. Fort Point Capital was formed in 2009 and has offices in Boston and New York City.


DEAL STATS #
Overall 5 of 7
Sector (Software) 1 of 1
Type (Secondary Buyout) 3 of 5
State (Texas) 3 of 3
Country (United States) 5 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 AMS Fulfillment Holdings

Valencia, California, United States

AMS Fulfillment Holdings is a full service outsourced logistics provider offering order management, warehouse, and inventory management, kit assembly, reverse logistics and other value-added, complex fulfillment services to fast-growing consumer products companies primarily in the beauty/cosmetics, apparel, footwear, and accessories sectors. AMS Fulfillment Holdings was established in 2002 and is based in Valencia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Barrington Media Group

Shelton, Connecticut, United States

Barrington Media Group is a technology-enabled marketing services business that focuses on direct response advertisements in traditional media channels, including television, audio, and direct mail. Barrington offers advertising services through both branded and generic models primarily to customers in the insurance, healthcare and consumer products and services verticals. Barrington Media Group was founded in 2003 and is based in Shelton, Connecticut.

Buy -