Investment Summary

Cornerstone Equity Investors Exits Geotrace

On December 27, 2016, invested in software company Geotrace from Cornerstone Equity Investors

Investment Highlights
  • This is transaction in the Software sector.
  • This is transaction in the United States.
  • This is transaction in Texas.

Investment Summary

Date 2016-12-27
Target Geotrace
Sector Software
Sellers(s) Cornerstone Equity Investors
Deal Type Bankruptcy

Target

Geotrace

Houston, Texas, United States
Geotrace offers 2D seismic data processing services to domestic oil and gas customers. We’ve come a long way since then. Geotrace is constantly bolstering our abilities by developing and acquiring the leading-edge technology and tools required to take on the latest tough challenges. Geotrace was formed in 1979 and is based in Houston, Texas.

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Seller(S) 1

SELLER

Cornerstone Equity Investors

Stamford, Connecticut, United States

Category Private Equity Firm
Founded 1996
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cornerstone Equity Investors is private equity firm focused on investing in and acquiring middle-market leveraged buyouts of corporate divisions, closely held private companies and small capitalization public companies. The Firm targets businesses with at least $5 million of EBITDA and valued between $50 and $350 million. Cornerstone can invest up to $100 million per transaction. Broad industries of interest include business services, healthcare, and specialty manufacturing. Cornerstone originated as Prudential Equity Investors in 1984 and became independent in 1996. Cornerstone Equity is based in New York City.


DEAL STATS #
Overall 15 of 15
Sector: Software M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 15 of 15
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-30 Health Management Associates

Lansing,, Michigan, United States

Health Management Associates is an independent, national research and consulting firm with 15 offices nationwide. Company with more than 130 consultants strong and still growing. Company hire the best-of-the-best to keep doing what they do best – publicly financed health care.

Sell -