Investment Summary

Dolphin Equity Partners and IA Capital Group Invest In BOLT Solutions

On August 15, 2006, private equity firm Dolphin Equity Partners and venture capital firm IA Capital Group invested in software company BOLT Solutions for 12M USD

Investment Highlights
  • This is Dolphin Equity Partners’ 2nd and IA Capital Group’s 1st transaction in the Software sector.
  • This is Dolphin Equity Partners’ and IA Capital Group’s largest (disclosed) transaction.
  • This is Dolphin Equity Partners’ 7th and IA Capital Group’s 7th transaction in the United States.
  • This is Dolphin Equity Partners’ 2nd and IA Capital Group’s 1st transaction in New York.
Investment Fate
  • BOLT Solutions was sold to a strategic buyer in 2013.
  • BOLT Solutions was divested to a consortium of buyers in 2017.

Investment Summary

Date 2006-08-15
Target BOLT Solutions
Sector Software
Investor(s) Dolphin Equity Partners
IA Capital Group
Deal Type Venture
Deal Value 12M USD

Target

BOLT Solutions

New York City, New York, United States
BOLT Solutions is a developer and marketer technology solutions for the insurance marketplace. The company’s software enables customers, P&C insurance carriers, agents, brokers and wholesalers to transmit and receive data in real-time and leverage existing systems to automatically interact with one another.

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Investor(S) 2

Investor

Dolphin Equity Partners

New York, New York, United States

Category Private Equity Firm
Founded 1998
PE ASSETS 340M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Dolphin Equity Partners is a specialist private equity firm focused on investing in technology-enabled service based companies. Specific areas of interest include software as a service, on demand software, mobile-enabled technology, communication services, and new media/internet. Dolphin looks for investment candidates operating primarily in North America and the UK. Dolphin prefers to invest in companies in need of expansion capital but will also consider early-stage businesses, recapitalizations, and buyouts. Dolphin Equity Partners was formed in 1998 and is based in New York City.Dolphin Equity Partners discontinued operations in 2012.


DEAL STATS #
Overall 8 of 14
Sector (Software) 2 of 3
Type (Venture) 7 of 12
State (New York) 2 of 3
Country (United States) 7 of 13
Year (2006) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 NetMotion Software

Seattle, Washington, United States

NetMotion Software is a privately held software company that develops software for organizations with mobile workforces, focusing on security, management, and optimization of their wireless data deployments. NetMotion Software was founded in 2001 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 MaxPreps

Cameron Park, California, United States

MaxPreps is America's Source for High School Sports. We are proud to be involved with America's hometown heroes ? the young men and women working hard to improve their skills, place team above self, and serve as inspirations to their local communities.

Sell -
Investor

IA Capital Group

Westport, Connecticut, United States

Investor Investor Investor


Category Venture Capital Firm
Founded 1992
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inter-Atlantic Group is a specialist private investment firm focused on opportunities within the financial and business services sectors. Specific sectors of interest include financial technology, banking, insurance, asset management and service providers to the financial services industry. The Firm primarily looks for opportunities based in the US. Inter-Atlantic was formed in 1992 and is based in New York City.


DEAL STATS #
Overall 7 of 23
Sector (Software) 1 of 4
Type (Venture) 4 of 15
State (New York) 1 of 7
Country (United States) 7 of 21
Year (2006) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-25 Plymouth Financial Company

Whippany, New Jersey, United States

Plymouth Park Tax Services LLC, doing business as XSPAND and headquartered in Morristown, New Jersey, is one of the largest firms exclusively focused on purchasing, servicing, and securitizing municipal tax liens. The Company is a leader in providing public and private sector revenue solutions for non-performing assets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-15 Talbot Holdings

Hamilton, Bermuda

Talbot is a privately owned Bermuda-based company, which underwrites marine, property, financial institutions, contingency insurance.

Sell $410M