Add-on Acquisition • Software

Fishtech Group Acquires Haystax

On May 21, 2018, Fishtech Group acquired software company Haystax from The Edgewater Funds

Acquisition Context
  • This is Fishtech Group’s 1st transaction in the Software sector.
  • This is Fishtech Group’s 1st transaction in the United States.
  • This is Fishtech Group’s 1st transaction in Virginia.

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M&A Deal Summary

Date May 21, 2018
Target Haystax
Sector Software
Buyer(s) Fishtech Group
Sellers(s) The Edgewater Funds
Deal Type Add-on Acquisition

Target Company

Haystax

McLean, Virginia, United States
Haystax provides next-generation products, systems and service solutions to sift, refine and analyze large, disparate and unstructured volumes of data to reveal undiscovered connections and enable precise, actionable intelligence for government and commercial market clients. Haystax Technology was founded in 2013 and is based in McLean, Virginia.
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Buyer Overview 1

Buyer

Fishtech Group

Kansas City, Missouri, United States

Category Company
Sector Information Technology
DESCRIPTION

Fishtech Group is a current-generation security-as-a-service solutions provider enabling secure and successful business transformation. Fishtech Group is based in Kansas City, Missouri.


Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1

Seller Profile 1

SELLER

The Edgewater Funds

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


Deal Context for Seller #
Overall 29 of 43
Sector: Software 2 of 2
Type: Add-on Acquisition 16 of 19
State: Virginia 4 of 4
Country: United States 28 of 42
Year: 2018 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Paragon Water Systems

Clearwater, Florida, United States

Paragon Water Systems, Inc. develops and produces “point-of-use” water filtration products for leading global Original Equipment Manufacturer (“OEM”) clients, big brand suppliers to specialty and big box retailers, direct sales organisations and companies with national or international water filtration dealership networks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-27 Homecare Holdings

Fort Worth, Texas, United Kingdom

Homecare Holdings is a provider of home health services in the Southeast and Southwest regions of the U.S. Homecare Holdings was founded in 2018 and is based in Fort Worth, Texas.

Buy -