M&A Deal Summary

Gemspring Capital Acquires Bobit

On November 19, 2018, private equity firm Gemspring Capital acquired media company Bobit

Acquisition Highlights
  • This is Gemspring Capital’s 1st transaction in the Media sector.
  • This is Gemspring Capital’s 6th transaction in the United States.
  • This is Gemspring Capital’s 2nd transaction in California.

M&A Deal Summary
Date 2018-11-19
Target Bobit
Sector Media
Buyer(s) Gemspring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Bobit

Torrance, California, United States
Bobit is a media company that provides ancillary products and services. It produces magazines and websites and has several brands in the vehicle fleet market. The Company employs more than 170 talented associates in areas such as editorial, audience marketing, ad sales, production, digital media, events, research, and accounting. Bobit was founded in 1961 and is based in Torrance, California.

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Buyer(S) 1

Buyer

Gemspring Capital

Category Private Equity Firm
Founded 2015
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.

DEAL STATS #
Overall 6 of 32
Sector (Media) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 2 of 12
State (California) 2 of 7
Country (United States) 6 of 32
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-24 Insurvia

Las Vegas, Nevada, United States

Insurvia is an insurance services holding company with subsidiaries including Fiesta Insurance, a leading retail franchisor of insurance products and services with 70 franchisees operating 235 retail stores across nine states and a growing eCommerce platform, and bravo general, an MGA with an omnichannel distribution strategy serving the automotive market. Insurvia is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Valant

Seattle, Washington, United States

Valant is a software-as-a-service organization serving the needs of the behavioral healthcare industry. Its disruptive technology solutions combine deep domain and technical expertise to improve behavioral healthcare quality by reinventing how electronic healthcare record (EHR) systems serve mental health providers and their patients. Valant was founded in 2005 and is based in Seattle, Washington.

Buy -
Mergr

Product

Company

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