M&A Deal Summary

Five V Capital Acquires Permaconn

On July 28, 2023, growth capital firm Five V Capital acquired safety/security company Permaconn from Norland

Acquisition Highlights
  • This is Five V Capital’s 1st transaction in the Safety/Security sector.
  • This is Five V Capital’s 12th transaction in Australia.

M&A Deal Summary
Date 2023-07-28
Target Permaconn
Sector Safety/Security
Buyer(s) Five V Capital
Sellers(s) Norland
Deal Type Secondary Buyout

Target

Permaconn

Rydalmere, Australia
Permaconn provides critical alarm comms for high-value industries including financial, retail, government, and educational institutions. Permaconn was founded in 1999 and is based in Rydalmere, Australia.

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Buyer(S) 1

Buyer

Five V Capital

Investor Investor Investor

Category Growth Capital Firm
Founded 2016
PE ASSETS 550M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Five V Capital is a private equity firm focused on investing in and acquiring mid-sized companies in Australia and New Zealand. The Firm will consider businesses in the healthcare, retail, media, consumer, technology and financial services valued from $20 to $200 million. Five V prefers established companies that lead their respective markets, with positive cash flow and strong growth potential. Five V Capital was formed in 2016 and is headquartered in Sydney.

DEAL STATS #
Overall 16 of 19
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 2 of 3
Country (Australia) 12 of 13
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Monson

Fremantle, Australia

Monson is a technology-enabled shipping agency that specializes in dry-bulk commodities, servicing some of the world's largest industrial producers and traders. The company was created to address a service quality gap in the shipping agency market, with customers demanding high-quality, around-the-clock, personalized service. The business has established 23 offices across Australia, Singapore, and China, and represents all major dry bulk ports in these regions. Monson also has representation in Vietnam, Japan, South Korea, and Indonesia. Monson was formed in 1981 and is based in Fremantle, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Totara

Wellington, New Zealand

Totara builds employee engagement, learning, and performance management technologies that enable large multinational corporations, government entities, and mid-market companies to deliver enterprise-level talent and workforce experiences. Its products are highly flexible and bring powerful freedoms to all organizations with formal and informal learning needs, both within the workplace and the extended enterprise. Totara was formed in 2010 and is based in Wellington, New Zealand.

Sell -

Seller(S) 1

SELLER

Norland

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Focused
DESCRIPTION

Norland is a private equity firm focused on investing in tech companies. Norland looks to invest $20m to $150m of equity in minority or control transactions. Norland's core areas of expertise are tech product & engineering and Infrastructure & systems. Norland was founded in 2016 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 2
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (Australia) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 iWorQ

Logan, Utah, United States

iWorQ is a provider of business-critical workflow software that runs the day-to-day operations of nearly 2,000 city and county governments across all 50 states and Canada. The company continues to innovate for the tens of thousands of government employees that use their software today, with more than 20 highly-configurable software applications that you can access on the web and your mobile device. It helps cities and counties manage everything from permitting, planning & zoning, code enforcement, licensing, work orders, inspections, fleet and fuel tracking, pavement management, backflow prevention, stormwater management, facility management, and much more. iWorQ was formed in 1999 and is based in Logan, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Finova

London, United Kingdom

Finova provides a comprehensive suite of modular, SaaS-based open-architecture software to help lenders and brokers in the Mortgage, Lending, and Savings sectors. The software speeds up the application processes provide modern user interfaces and drive operational efficiencies throughout the lifetime of a financial product. Finova is based in London, United Kingdom.

Sell -
Mergr

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