M&A Deal Summary

Cove Hill Partners and Radian Capital Acquire Momentus Technologies

On April 1, 2021, private equity firm Cove Hill Partners and growth capital firm Radian Capital acquired software company Momentus Technologies

Acquisition Highlights
  • This is Cove Hill Partners’ 3rd and Radian Capital’s 4th transaction in the Software sector.
  • This is Cove Hill Partners’ 6th and Radian Capital’s 9th transaction in the United States.
  • This is Cove Hill Partners’ 1st and Radian Capital’s 1st transaction in Missouri.

M&A Deal Summary
Date 2021-04-01
Target Momentus Technologies
Sector Software
Buyer(s) Cove Hill Partners
Radian Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) William Blair (Financial)

Target

Momentus Technologies

O’Fallon, Missouri, United States
Momentus Technologies is an event and venue management software to over 50,000 users in over 50 countries around the world, empowering the people that bring people together. Their comprehensive platform offers event professionals leading-edge Software as a Service (SaaS) technology that provides a 360 view of their business, allowing them to cut costs, save time, and increase revenue. Momentus Technologies was founded in 1985 and is based in O’Fallon, Missouri.

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Buyer(S) 2

Buyer

Cove Hill Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cove Hill Partners is a private equity firm focused on control (or influential minority) investments in consumer technology companies. The Firm looks to make 1 to 2 platform acquisitions per year and will consider opportunities throughout North America valued up to $800 million. Prospective companies generally exhibit strong management, high barriers to entry, attractive business models, and competitive market positions. Cove Hill Partners was formed in 2017 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 6 of 11
Sector (Software) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Missouri) 1 of 1
Country (United States) 6 of 10
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Storable

Austin, Texas, United States

Storable is a software & technology provider to the self-storage industry. Storable offers an end-to-end integrated suite of technology solutions to empower self-storage operators to enhance efficiency and optimize occupancy. Storable was founded in 2019 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 LiveAuctioneers

New York, New York, United States

LiveAuctioneers is a provider of online live-auction sources for fine and decorative art, antiques, jewelry, and vintage collectible. LiveAuctioneers digitally connects an audience of millions with the live-bidding action at more than 5,000 premier auction houses and galleries in 59 countries, providing an expertly curated, globally trusted marketplace of exceptional items. LiveAuctioneers was founded in 2002 and is based in New York City.

Sell -
Buyer

Radian Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2016
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Radian Capital is a growth capital firm focused on investing in business software and services companies. The Firm is geographically agnostic and looks to commit $5 to $30 million per transaction. The Firm has a particular interest in companies that can capitalize on the shift of IT spending decisions to departments within businesses. Radian Capital was established in 2016 and is headquartered in New York City.

DEAL STATS #
Overall 10 of 15
Sector (Software) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Missouri) 1 of 1
Country (United States) 9 of 12
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Boast

Vancouver, British Columbia, Canada

Boast, a software innovator building the future of tax credit management and recovery with artificial intelligence to help companies get larger returns faster without the manual work and audit risk. Boast was founded in 2017 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Tulip

Kitchener, Ontario, Canada

Tulip is a cloud-based software provider focused on omnichannel mobile solutions for retail stores. Tulip was founded in 2013 and is based in Kitchener, Ontario.

Buy -
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