Investment Summary

Cove Hill Partners Invests In Otelier

On January 19, 2022, private equity firm Cove Hill Partners invested in internet software and services company Otelier

Investment Highlights
  • This is Cove Hill Partners’ 3rd transaction in the Internet Software and Services sector.
  • This is Cove Hill Partners’ 9th transaction in the United States.
  • This is Cove Hill Partners’ 2nd transaction in Georgia.

Investment Summary
Date 2022-01-19
Target Otelier
Sector Internet Software and Services
Investor(s) Cove Hill Partners
Deal Type Growth Capital
Advisor(s) Silvermark Partners (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Otelier

Atlanta, Georgia, United States
Otelier is an end-to-end information management platform for sourcing, processing, and storing hospitality data in the cloud. Our SaaS solutions help hotel owners, operators, franchisees, and hospitality REITs automate the hotel back office and manage property portfolio performance to a tee. Otelier was founded in 2015 and is based in Atlanta, Georgia.

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Investor(S) 1

Investor

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 10 of 11
Sector (Internet Software and Services) 3 of 4
Type (Growth Capital) 5 of 6
State (Georgia) 2 of 2
Country (United States) 9 of 10
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Artlogic

London, United Kingdom

Artlogic provides business management software tools for art galleries, collectors, and artists in over 80 countries around the world. Its comprehensive cloud-based platform offers art professionals a 360-degree view of their businesses, allowing them to save time and focus on their work. Artlogic was founded in 1994 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Encompass

Fort Collins, United States

Encompass Technologies has created a comprehensive network of software solutions to help over 600 warehouses, hundreds of suppliers, and over 4,000 retailers. The customizable, cloud-based ERP system is specifically built for the distribution industry and functions to fit unique business needs with products like warehouse management, sales execution, logistics, warehouse automation, retailer ordering tools, and more. Encompass was founded in 2001 and is based in Fort Collins, Colorado.

Buy -
Mergr

Product

Company

Legal