M&A Deal Summary

Elevate Software Acquires Mi9 Retail

On January 31, 2024, private equity firm Elevate Software acquired software company Mi9 Retail from Respida Capital, Summit Partners, General Atlantic and HGGC

Acquisition Highlights
  • This is Elevate Software’s 1st transaction in the Software sector.
  • This is Elevate Software’s 1st transaction in the United States.
  • This is Elevate Software’s 1st transaction in Florida.

M&A Deal Summary

Date 2024-01-31
Target Mi9 Retail
Sector Software
Buyer(s) Elevate Software
Sellers(s) Respida Capital
Summit Partners
General Atlantic
HGGC
Deal Type Secondary Buyout

Target

Mi9 Retail

Fort Lauderdale, Florida, United States
Mi9 Retail is a provider of an enterprise retail merchandising, business intelligence, and store operations software. Mi9’s solutions enabled retailers to automate and optimize their entire Plan-to-Sell process, from planning to executing, influencing, and selling merchandise in-store, online, and on any device. Mi9 Retail was founded in 2001 and is based in Fort Lauderdale, Florida.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

DESCRIPTION

Elevate Software is a private equity firm specializing in acquiring and growing mature B2B software companies throughout the Southeastern US. The Firm focuses on investing in mission-critical, client-centric businesses. Elevate Software was formed in 2023 and is based in Fort Lauderdale, Florida.


DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2024 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-29 Trifecta Research

Asheville, North Carolina, United States

Trifecta Research is a provider of Strategic Insights and Market Research for industry-leading Brands across a variety of segments, with a concentration in Consumer and hardline brands. Trifecta Research was founded in 2013 and is based in Asheville, North Carolina.

Buy -

Seller(S) 4

SELLER

Respida Capital

For Lauderdale, Florida, United States

Category Search Fund
Size Small
Type Sector Focused
DESCRIPTION

Respida Capital is a is a search fund focused on the technology sector. Respida Capital is based in Miami, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Mi9 Retail

Fort Lauderdale, Florida, United States

Mi9 Retail is a provider of an enterprise retail merchandising, business intelligence, and store operations software. Mi9’s solutions enabled retailers to automate and optimize their entire Plan-to-Sell process, from planning to executing, influencing, and selling merchandise in-store, online, and on any device. Mi9 Retail was founded in 2001 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-10 Entouch

Richardson, Texas, United States

Entouch provides energy management and smart building solutions for multi-site businesses such as retail chains, restaurants, and healthcare facilities. The Company offers cloud-based platforms, sensors, and controls that monitor and optimize HVAC, lighting, and refrigeration systems to improve efficiency and reduce energy costs. Entouch was founded in 2008 and is headquartered in Richardson, Texas.

Buy -
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 281 of 294
Sector: Software M&A 51 of 54
Type: Secondary Buyout M&A Deals 56 of 64
State: Florida M&A 18 of 19
Country: United States M&A 244 of 254
Year: 2024 M&A 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 CollisionRight

Columbus, Ohio, United States

CollisionRight is a provider of automotive collision repair services through a network of 89 facilities across nine states including Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee, and West Virginia. The company shops repair over 90,000 cars per year and maintains over 100 direct repair programs with insurance carriers. CollisionRight is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-14 Delphix

Redwood City, California, United States

Delphix provides database virtualization solutions for agile data management. Leading global organizations use Delphix to dramatically reduce the time, cost, and risk of application rollouts, simplifying database operations while consolidating redundant hardware. Delphix is based in Redwood City, California.

Sell -
SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 155 of 166
Sector: Software M&A 10 of 11
Type: Secondary Buyout M&A Deals 26 of 26
State: Florida M&A 2 of 2
Country: United States M&A 80 of 86
Year: 2024 M&A 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-12 Capital Foods

Mumbai, India

Capital Foods is a manufacturer and marketer of packaged foods products. Capital Foods was founded in 1995 and is based in Mumbai, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Funda

Amsterdam, Netherlands

Funda provides a deep supply of residential and commercial real estate listings. It develops new products, services, and information designed to support visitors active in selling, buying, and owning suitable homes. Funda was formed in 2001 and is based in Amsterdam, Netherlands.

Buy -
SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.


DEAL STATS #
Overall 23 of 27
Sector: Software M&A 5 of 5
Type: Secondary Buyout M&A Deals 4 of 7
State: Florida M&A 3 of 3
Country: United States M&A 20 of 23
Year: 2024 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-13 AutoAlert

Kansas City, Missouri, United States

AutoAlert is a provider of data analytic and lead-generation solutions to the automotive dealership industry. AutoAlert was formed in 2002 and is based in Kansas City, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Specialist Risk Group

London, United Kingdom

Specialist Risk Group is an integrated group of insurance intermediaries arranging specialist insurance for corporates and individuals operating in the U.K. and internationally. The group serves policyholders across multiple lines of business and specializes in creating solutions to challenging risk transfer questions. Specialist Risk Group is based in London, United Kingdom.

Sell -