Investment Summary

Council Capital and H.I.G. Private Equity Invest In Lancope

On March 11, 2003, private equity firms Council Capital and H.I.G. Private Equity invested in information technology company Lancope

Investment Highlights
  • This is Council Capital’s 1st and H.I.G. Private Equity’s 2nd transaction in the Information Technology sector.
  • This is Council Capital’s 2nd and H.I.G. Private Equity’s 19th transaction in the United States.
  • This is Council Capital’s 1st and H.I.G. Private Equity’s 1st transaction in Georgia.
Investment Fate
  • Lancope was sold to a publicly-traded strategic buyer in 2015 for 453M USD.

Investment Summary

Date 2003-03-11
Target Lancope
Sector Information Technology
Investor(s) Council Capital
H.I.G. Private Equity
Deal Type Venture

Target

Lancope

Alpharetta, Georgia, United States
Lancope, Inc. is a provider of next-generation network integrity solutions that deliver behavior-based threat detection, policy enforcement and insightful network intelligence.

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Investor(S) 2

Investor

Council Capital

Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Council Capital is a private equity firm focused on investing in lower-middle market healthcare services and healthcare IT businesses across the US. The Firm targets control and minority investments in companies with growth potential, EBITDA up to $15 million, and between $5 and $50 million in revenue. Council Capital was founded in 2000 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 2 of 22
Sector: Information Technology M&A 1 of 2
Type: Venture M&A Deals 2 of 5
State: Georgia M&A 1 of 6
Country: United States M&A 2 of 22
Year: 2003 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-04 eVault

San Francisco, California, United States

eVault, Inc. is a provider of online backup services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-21 eVault

San Francisco, California, United States

eVault, Inc. is a provider of online backup services.

Sell $185M
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. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider 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 is based in Miami, Florida.


DEAL STATS #
Overall 19 of 385
Sector: Information Technology M&A 2 of 28
Type: Venture M&A Deals 1 of 10
State: Georgia M&A 1 of 14
Country: United States M&A 19 of 251
Year: 2003 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-25 HALO

Sterling, Illinois, United States

HALO is a marketing services platform that distributes promotional products and provides employee recognition services. HALO was founded in 1952 and is headquartered in Sterling, Illinois.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-01 Oasis Outsourcing

West Palm Beach, Florida, United States

Oasis Outsourcing is a Florida-based Professional Employer Organization (PEO) serving almost 230,000 employees and 7,500 clients nationwide. Founded in 1996, it specializes in providing human resources services, employee benefits administration, payroll and tax administration, risk management services and staffing solutions to small- and medium-sized businesses throughout the United States. Oasis is accredited by the Employer Services Assurance Corporation (ESAC), ensuring the highest level of ethical, financial and operational standards in the PEO industry and has received SOC 1 Type II (formerly SAS 70) certification for its high level of accuracy and performance. Oasis, through its subsidiaries, is qualified to offer IRS-certified professional employer organization (CPEO) services.

Buy -