M&A Deal Summary

Corsair Capital Acquires HungerRush

On June 1, 2022, private equity firm Corsair Capital acquired software company HungerRush from The CapStreet Group

Acquisition Highlights
  • This is Corsair Capital’s 2nd transaction in the Software sector.
  • This is Corsair Capital’s 12th transaction in the United States.
  • This is Corsair Capital’s 1st transaction in Texas.

M&A Deal Summary

Date 2022-06-01
Target HungerRush
Sector Software
Buyer(s) Corsair Capital
Sellers(s) The CapStreet Group
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
Willkie Farr & Gallagher (Legal)

Target

HungerRush

Houston, Texas, United States
HungerRush is a provider of integrated point of sale (“POS”) software solutions for restaurants and other hospitality merchants. The all-in-one system integrates digital ordering, delivery, customer engagement, restaurant management, and payment processing features with flexible software designed to give operators of all sizes more insight into their customers, more control over their operations, and more power to profitably grow their business. HungerRush was founded in 2003 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Corsair Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 9.9B USD
Size Mega
Type Sector Focused
DESCRIPTION

Corsair Capital is a private investment firm focused on investments in the financial services industry. Specific areas of interest include banks, insurance companies, credit card specialists, asset managers, private banks, mortgage lenders, financial technology firms, and finance companies. The Firm looks to invest between $50 to $100 million in companies with proven business models and 'meaningful' barriers to entry. Corsair will consider opportunities around the world, including the US, Europe, Latin America, and Asia. Prospective transactions include recapitalizations, growth capital financings, management buyouts, and special/distressed situations. Corsair Capital was originally established in 1992 and is based in New York City. Corsair has an additional office in London.


DEAL STATS #
Overall 27 of 28
Sector (Software) 2 of 2
Type (Secondary Buyout) 7 of 7
State (Texas) 1 of 1
Country (United States) 12 of 13
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 RGI Group

Milan, Italy

RGI Group is an Independent Software Vendor, a European leader in the digital transformation of Insurers. RGI Group has been committed for more than 30 years to the Insurance industry. RGI Group was founded in 1987 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Miracle Mile Advisors

Los Angeles, California, United States

Miracle Mile Advisors is an independent, registered investment advisory firm. Miracle Mile Advisors are fiduciaries focused on providing best-in-class guidance, advice, and technology tailored to evolve with you over time. Miracle Mile Advisors was founded in 2007 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

The CapStreet Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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 25 of 30
Sector (Software) 1 of 2
Type (Secondary Buyout) 8 of 10
State (Texas) 19 of 24
Country (United States) 25 of 30
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 hh2 Cloud Services

Kaysville, Utah, United States

hh2 Cloud Services is a provider of modular software solutions that help construction companies effectively manage their field employees and operations, with streamlined integration into their primary ERP system software. hh2 Cloud Services was founded in 20004 and is based in Kaysville, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-26 Thorpe

Houston, Texas, United States

Thorpe is a multi-craft industrial service provider and manufacturer, specializing in refractory, linings, insulation and non-metallic corrosion piping systems, flanges and vessels. Thorpe is based in Houston, Texas.

Sell -