M&A Deal Summary

Dominion Enterprises Acquires Autobase

On July 12, 2007, Dominion Enterprises acquired automotive company Autobase from Summit Partners

Acquisition Highlights
  • This is Dominion Enterprises’ 1st transaction in the Automotive sector.
  • This is Dominion Enterprises’ 1st transaction in the United States.
  • This is Dominion Enterprises’ 1st transaction in Indiana.

M&A Deal Summary

Date 2007-07-12
Target Autobase
Sector Automotive
Buyer(s) Dominion Enterprises
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

Autobase

Indianapolis, Indiana, United States
Autobase provides customer relationship management and sales force automation solutions for the U.S. retail automotive industry.

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Buyer(S) 1

Buyer

Dominion Enterprises

Norfolk, Virginia, United States

Category Company
Sector Information Technology
Employees3,000
DESCRIPTION

Dominion Enterprises is a Norfolk, Virginia-based media and information services company for the automotive and commercial vehicle, real estate, apartment rental, employment and travel industries. It has Internet and printed media operations.


DEAL STATS #
Overall 1 of 2
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2007 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-08 eNeighborhoods

Boca Raton, Florida, United States

eNeighborhoods LLC provides data content services for real estate industry.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 133 of 294
Sector: Automotive M&A 2 of 4
Type: Add-on Acquisition M&A Deals 59 of 131
State: Indiana M&A 4 of 5
Country: United States M&A 129 of 254
Year: 2007 M&A 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-09 Postini

Mountain View, California, United States

Postini is a provider of on-demand communications security, compliance, and productivity solutions for email, instant messaging, and the web. Postini's services are designed to protect customers from viruses, spam, phishing, fraud, and other attacks; encrypt messages to ensure confidentiality and privacy; and archive communications to ensure compliance with regulations and to prepare for e-discovery.

Sell $625M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-20 Vispero

Clearwater, Florida, United States

Vispero is a manufacturer and marketer of an assistive technology products for those who are blind or have low vision. The company's products include screen reading software for the blind, magnification software for those with low-vision, and other products for accessible scanning and reading, as well as Braille displays, notetakers, and the world's leading accessible PDA for the blind. Vispero was founded in 2000 and is based in Clearwater, Florida.

Sell -