M&A Deal Summary

Cyncly Acquires 2020

On June 30, 2021, Cyncly acquired software company 2020 from Genstar Capital

Acquisition Highlights
  • This is Cyncly’s 4th transaction in the Software sector.
  • This is Cyncly’s 1st transaction in Canada.
  • This is Cyncly’s 1st transaction in Quebec.

M&A Deal Summary

Date 2021-06-30
Target 2020
Sector Software
Buyer(s) Cyncly
Sellers(s) Genstar Capital
Deal Type Merger

Target

2020

Laval, Quebec, Canada
2020 is a provider of computer-aided design, business and manufacturing software tailored for the interior design and furniture industries. The company has developed an unmatched depth of knowledge of interior design and space planning to maintain an unbroken history of the market and thought leadership. Its customers include many of the world’s largest home improvement retailers and manufacturers, as well as tens of thousands of local, independent kitchen and bathroom dealers. 2020 was founded in 1987 and is based in Laval, Quebec.

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Buyer(S) 1

Buyer

Cyncly

Borgenhaugen, Norway

Category Company
Founded 1989
Sector Software
DESCRIPTION

Cyncly is a global provider of specialized visualization, sales, manufacturing and content software and solutions for key retail, design and manufacturing industries. The Company’s connected platform includes Configure, Price, Quote software, online space planning, computer-aided design applications, business process management, manufacturing execution systems and enterprise resource planning. Cyncly was founded in 1989 and is based in Borgenhaugen, Norway.


DEAL STATS #
Overall 4 of 7
Sector (Software) 4 of 7
Type (Merger) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 InnovaItalia

Pesaro, Italy

InnovaItalia is a distributor of 3CAD software. The Company provides the sale of 3CAD licenses and professional services related to 3CAD projects across Russia and neighboring countries. InnovaItalia was founded in 1993 and is based in Pesaro, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 contractERP

Farmingdale, New York, United States

Access IT offers its principal software contractERP and similar solutions to manage complex business, operational and manufacturing processes within the North American window & door and adjacent industries. contractERP is a business management software built for construction material supply, install, and service industries including architectural openings, building materials and windows & doors.

Buy -

Seller(S) 1

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


DEAL STATS #
Overall 55 of 60
Sector (Software) 3 of 3
Type (Merger) 5 of 6
State (Quebec) 1 of 1
Country (Canada) 6 of 6
Year (2021) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 2020

Laval, Quebec, Canada

2020 is a provider of computer-aided design, business and manufacturing software tailored for the interior design and furniture industries. The company has developed an unmatched depth of knowledge of interior design and space planning to maintain an unbroken history of the market and thought leadership. Its customers include many of the world’s largest home improvement retailers and manufacturers, as well as tens of thousands of local, independent kitchen and bathroom dealers. 2020 was founded in 1987 and is based in Laval, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Sphera Solutions

Chicago, Illinois, United States

Sphera Solutions is a global provider of Operational Excellence software and information services with a focus on Operational Risk, Environmental Health & Safety (EH&S), and Product Stewardship. Sphera Solutions is based in Chicago, Illinois.

Sell $1.4B