Investment Summary

Comvest Partners Invests In Commerce One

On December 13, 2004, private equity firm Comvest Partners invested in internet software and services company Commerce One

Investment Highlights
  • This is Comvest Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Comvest Partners’ 3rd transaction in the United States.
  • This is Comvest Partners’ 1st transaction in South Carolina.
Investment Fate
  • Commerce One was sold to a strategic buyer in 2006.

Investment Summary

Date 2004-12-13
Target Commerce One
Sector Internet Software and Services
Investor(s) Comvest Partners
Deal Type Venture

Target

Commerce One

Greenville, South Carolina, United States
Commerce One Inc. provides e-commerce and supplier relationship management solutions to manage business processes.

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Investor(S) 1

Investor

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 3 of 62
Sector: Internet Software and Services M&A 1 of 2
Type: Venture M&A Deals 2 of 3
State: South Carolina M&A 1 of 1
Country: United States M&A 3 of 61
Year: 2004 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-29 Egenera

Marlborough, Massachusetts, United States

Egenera, Inc. provides virtualization technology that optimizes the use of network, compute and storage resources to enable the next-generation utility datacenter Egenera was established in 2000 and is based in Marlborough, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-05 Velocity Express

Stafford, Texas, United States

Velocity Express Corp. is a provider of time critical supply chain solutions. Velocity and has one of the largest nationwide networks and provides a national footprint for customers desiring same day delivery and logistics services throughout the United States.

Buy $21M