Investment Summary

CIP Capital, Stellus Capital Management and H.I.G. Private Equity Invest In 3Pillar Global

On March 10, 2020, private equity firms CIP Capital, Stellus Capital Management and H.I.G. Private Equity invested in software company 3Pillar Global

Investment Highlights
  • This is CIP Capital’s 2nd, Stellus Capital Management’s 1st and H.I.G. Private Equity’s 8th transaction in the Software sector.
  • This is CIP Capital’s 18th, Stellus Capital Management’s 9th and H.I.G. Private Equity’s 173rd transaction in the United States.
  • This is CIP Capital’s 1st, Stellus Capital Management’s 1st and H.I.G. Private Equity’s 8th transaction in Virginia.

Investment Summary
Date 2020-03-10
Target 3Pillar Global
Sector Software
Investor(s) CIP Capital
Stellus Capital Management
H.I.G. Private Equity
Deal Type Growth Capital
Advisor(s) SunTrust Robinson Humphrey, Inc.
Guggenheim Securities (Financial)
Cooley
Willkie Farr & Gallagher (Legal)

Target

3Pillar Global

Fairfax, Virginia, United States
3Pillar Global is an outsourced provider of software product development and design services for customer-facing, revenue-generating applications. The Company provides “Product Development as a Service” to industry-leading enterprise logos including Carfax, Fortune, and PBS. 3Pillar Global was founded in 2006 and is based in Fairfax, Virginia.

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Investor(S) 3

Investor

CIP Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Middle-Market
Type Sector Focused
DESCRIPTION

CIP Capital is a private equity firm focused on control investments in middle-market, North American business information and outsourced service companies. Specific areas of interest include B2B information management, business process outsourcing, marketing services and knowledge services. CIP looks to invest $25 to $125 million in transactions valued up to $200 million. Funds are typically used to fund buyouts or growth initiatives. CIP Capital was formed in 2010 and is based in New York City.

DEAL STATS #
Overall 18 of 18
Sector (Software) 2 of 2
Type (Growth Capital) 6 of 6
State (Virginia) 1 of 1
Country (United States) 18 of 18
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 SBI

Southlake, Texas, United States

SBI is a Go-to-Market Growth Advisory, offering collaborative consulting, go-to-market benchmarks and data, and advisory services forged from serving as strategic implementers who have owned and operated marketing and sales at some of the world’s most successful growth companies. SBI was founded in 2006 and is based in Southlake, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Carnegie Learning

Pittsburgh, Pennsylvania, United States

Carnegie Learning is a comprehensive, dynamic, and progressive learning technology company. Advocating a belief in teaching and determination to help students develop as learners and thinkers, Carnegie Learning is seeking to re-define the role of technology across the K-16 landscape. Its mathematics and STEM division delivers a research-proven mathematics curriculum and the MATHia platform for grades 6-12, developmental math support for 2- and 4-year colleges, project-based digital solutions for STEM, and best-in-class K-12 professional learning services. Carnegie Learning was formed in 1997 and is based in Pittsburgh, Pennsylvania.

Sell -
Investor

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $30 to $50 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.

DEAL STATS #
Overall 9 of 23
Sector (Software) 1 of 1
Type (Growth Capital) 1 of 4
State (Virginia) 1 of 1
Country (United States) 9 of 23
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Elliott Aviation

Moline, Illinois, United States

Elliott Aviation is a provider of maintenance, repair and overhaul (“MRO”), fixed based operations services, and aircraft sales and brokerage services to the business aviation industry. Elliott Aviation is based in Moline, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Cars Protection Plus

Murrysville, Pennsylvania, United States

Cars Protection Plus, Inc. is a provider of vehicle service contracts (“VSCs”) to independent and franchise dealerships throughout the United States. Cars Protection Plus was founded in 1998 and is based in Murrysville, Pennsylvania.

Sell -
Investor

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 262 of 369
Sector (Software) 8 of 12
Type (Growth Capital) 46 of 67
State (Virginia) 8 of 8
Country (United States) 173 of 245
Year (2020) 6 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Everlaw

Oakland, California, United States

Everlaw is a cloud-native e-discovery solution that unlocks the collaborative power of teams to investigate issues more thoroughly, uncover a truth more quickly, and present their findings more clearly. Everlaw was founded in 2010 and is based in Oakland, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 AVI-SPL

Tampa, Florida, United States

AVI-SPL is an AV and VC solutions and services provider. The Company provides customers with design, engineering, procurement, integration and installation of AV and VC systems for corporate office space, control centers, educational facilities, convention centers and a variety of other end markets. Industry-leading services include on-site AV and VC systems support, maintenance support and managed software solutions. AVI-SPL was founded in 1979 and is based in Tampa, Florida.

Sell -
Mergr

Product

Company

Legal