M&A Deal Summary |
|
|---|---|
| Date | 2018-10-23 |
| Target | symplr |
| Sector | Internet Software and Services |
| Buyer(s) |
First Trust Capital Partners
Clearlake Capital Charlesbank Capital Partners Francisco Partners |
| Sellers(s) |
The CapStreet Group
Pamlico Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | William Blair (Financial) |
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First Trust Capital Partners is a private investment firm that looks to invest in early and growth stage companies principally in the financial services and healthcare technology sectors. First Trust Capital Partners is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 24 |
| Sector (Internet Software and Services) | 1 of 4 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Texas) | 1 of 2 |
| Country (United States) | 3 of 24 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-05 |
RxAnte
Portland, Maine, United States RxAnte is a provider of analytics platform to predict medication adherence for individual patients, target interventions to those most likely to benefit, and monitor and manage programs over time. RxAnte was founded in 2008 and is based in Portland, Maine. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-19 |
Vynca
Palo Alto, California, United States Vynca is an operator of advance care planning that enables high-quality, person-centered, goal-concordant care that reflects individuals’ wishes with their serious illness management platform that incorporates virtual palliative care services, advance care planning, care coordination, symptom management, whole-person care, and provider engagement. Vynca was founded in 2013 and is based in Palo Alto, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 72.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.
| DEAL STATS | # |
|---|---|
| Overall | 50 of 90 |
| Sector (Internet Software and Services) | 5 of 13 |
| Type (Secondary Buyout) | 16 of 39 |
| State (Texas) | 10 of 13 |
| Country (United States) | 47 of 85 |
| Year (2018) | 9 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-28 |
Alkegen
Buffalo, New York, United States Alkegen develops and manufactures high-performance specialty materials used in advanced applications including high-temperature industrial insulation, filtration media, battery technologies for electric vehicles and energy storage, and fire protection, among many others. Alkegen was founded in 1891 and is based in Buffalo, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-24 |
OnShift
Cleveland, Ohio, United States OnShift is a provider of cloud-based human capital management software for the long-term post-acute care market. The Company’s multi-tenant SaaS platform facilitates scheduling, labor analytics, workforce planning, employee financial wellness, employee engagement, applicant tracking, and recruitment management for nearly 5,000 customers, including many of the leading skilled nursing and senior living providers. OnShift was founded in 2008 and is based in Cleveland, Ohio. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 62 of 90 |
| Sector (Internet Software and Services) | 2 of 5 |
| Type (Secondary Buyout) | 20 of 32 |
| State (Texas) | 4 of 7 |
| Country (United States) | 55 of 79 |
| Year (2018) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-11 |
GrayWolf Industrial
Owensboro, Kentucky, United States GrayWolf is a specialized mechanical contractor focused on the power, refinery and heavy industrial markets. The company offers fully outsourced and on-call maintenance services as well as installation services for environmental compliance projects, plant extensions, upgrades and new builds. GrayWolf’s customer base includes plant operators, industrial contractors and original equipment manufacturers. |
Sell | $135M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-06 |
Trojan Battery
Santa Fe Springs, California, United States Trojan Battery Co. is a manufacturer of deep-cycle batteries that are built on deep-cycle technology and designed to meet the complex requirements of today’s advancing applications for renewable energy, golf, heavy-duty truck, aerial/scissor lift,floor machine, RV and marine. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Focused |
Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 102 of 157 |
| Sector (Internet Software and Services) | 11 of 29 |
| Type (Secondary Buyout) | 16 of 27 |
| State (Texas) | 4 of 9 |
| Country (United States) | 85 of 132 |
| Year (2018) | 10 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-22 |
GreenSlate
Delhi, New York, United States GreenSlate is a provider of technology-enabled payroll and accounting solutions for the entertainment industry. The company advances the business of content production by seamlessly integrating people, processes, and technology to meet the essential business needs of content producers. Its technology, tax management, and benefits services enable production teams to focus more on what they do best - creating inspiring content. GreenSlate was founded in 2004 and is based in Delhi, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-11 |
Capsule Technologies
Andover, Massachusetts, United States Capsule Technologies, Inc. is a provider of medical device connectivity solutions for hospitals. Capsule integrates with clinical information systems to capture more data, reduce manual efforts and cost, and improve patient care. Capsule Technologies, Inc. was founded in 1997 and is based in Andover, Massachusetts. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1990 |
| PE ASSETS | 650M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
The CapStreet Group is a private equity firm that primarily invests in businesses that were previously owned by entrepreneurs, families or other non-institutional investors. CapStreet typically looks for control investment situations, and has a preference for businesses located in the Southwest US. CapStreet typically invests between $10 million and $25 million of equity in companies valued less than $150 million. The CapStreet Group was formed in 1990 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 30 |
| Sector (Internet Software and Services) | 2 of 2 |
| Type (Secondary Buyout) | 7 of 10 |
| State (Texas) | 16 of 24 |
| Country (United States) | 22 of 30 |
| Year (2018) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-07 |
Extu
Atlanta, Georgia, United States Extu provides online rewards, travel incentives, and gift card reward programs. The Company is known for pioneering technological innovations—including add-on modules for online incentive programs-which have transformed the industry. Extu was established in 1994 and is based in Atlanta, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-03-04 |
Trinity Steel Fabricators
Trinity, Texas, United States Trinity Steel Fabricators, Inc. is a provider of structural steel fabrication services to the refining, petrochemical, oil & gas, diversified chemical and power end markets. Trinity Steel Fabricators was established in 1976 and is based in Trinity, Texas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 61 |
| Sector (Internet Software and Services) | 5 of 6 |
| Type (Secondary Buyout) | 15 of 21 |
| State (Texas) | 6 of 7 |
| Country (United States) | 44 of 59 |
| Year (2018) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-27 |
Airwavz Solutions
Charlotte, North Carolina, United States Airwavz Solutions is a telecommunications infrastructure company serving both the commercial real estate industry and the major wireless carriers by providing innovative in-building wireless solutions. Airwavz designs, installs, owns and operates wireless infrastructure inside commercial office and hospitality buildings in dense metropolitan areas, ensuring building tenants and guests receive exceptional cellular service while also ensuring wireless carriers can improve coverage and increase capacity throughout their networks. Airwavz Solutions was founded in 2013 and is based in Charlotte, North Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-07 |
TRG Screen
New York, New York, United States TRG Screen is a provider of software used to monitor and manage subscription spend and usage across the entire enterprise. TRG Screen’s clients realize immediate ROI and significant long-term cost savings, transparency into their purchased subscriptions, improvements of their workflows and a higher degree of compliance with their vendor contracts. TRG Screen was founded in 1998 and is based in New York City. |
Buy | - |
