M&A Deal Summary |
|
|---|---|
| Date | 2015-01-07 |
| Target | Telestream |
| Sector | Software |
| Buyer(s) |
Genstar Capital
Avante Capital Partners |
| Sellers(s) |
Thoma Bravo
Avante Capital Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Lazard Ltd. (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 49.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 47 of 109 |
| Sector (Software) | 2 of 12 |
| Type (Secondary Buyout) | 14 of 49 |
| State (California) | 8 of 14 |
| Country (United States) | 42 of 101 |
| Year (2015) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-04 |
Insurity
Hartford, Connecticut, United States Insurity provides innovative and flexible insurance technology that allows clients to meet their business goals and offer a simplified experience. With the market's most advanced cloud operations, Insurity's platform offers scalable, highly secure and reliable solutions that increase speed to value. Insurity was founded in 1971 and is based in Hartford, Connecticut. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-09 |
Orion
Omaha, Nebraska, United States Orion is a provider of the tech-enabled fiduciary process that transforms the advisor-client relationship by enabling financial advisors to Prospect, Plan, Invest, and Achieve within a single, connected, technology-driven experience. Orion was founded in 1999 and is based in Omaha, Nebraska. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2009 |
| Size | Small |
| Type | Sector Agnostic |
Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 32 |
| Sector (Software) | 2 of 2 |
| Type (Secondary Buyout) | 5 of 7 |
| State (California) | 3 of 6 |
| Country (United States) | 16 of 32 |
| Year (2015) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-06 |
Cloud Star
St. Louis, Missouri, United States Cloud Star is a producer of natural and wholesome products for dogs, even those with allergies. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-24 |
Mindpath Health
Sacramento, California, United States Mindpath Health is a behavioral health practice management company supporting over 40 affiliated psychiatrists practicing in California’s Sacramento, San Joaquin, and Bay Areas. Mindpath Health was founded in 1995 and is based in Sacramento, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 79 |
| Sector (Software) | 11 of 33 |
| Type (Secondary Buyout) | 4 of 23 |
| State (California) | 6 of 21 |
| Country (United States) | 22 of 73 |
| Year (2015) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-05 |
Tripwire
Portland, Oregon, United States Tripwire provides automated compliance and security management software solutions to enterprises and governments worldwide. The company’s solutions enable customers to secure highly sensitive data within their IT environments by detecting malicious changes made to hardware and software systems housing the data and remediating the change to ensure IT compliance is maintained. Tripwire is based in Portland, Oregon. |
Sell | $710M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-23 |
PowerPlan
Atlanta, Georgia, United States PowerPlan, Inc. is a provider of asset-centric accounting, tax, budgeting and analytics software solutions for asset-intensive businesses. PowerPlan was founded in 1994 and is based in Atlanta, Georgia. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2009 |
| Size | Small |
| Type | Sector Agnostic |
Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 17 |
| Sector (Software) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 9 |
| State (California) | 1 of 4 |
| Country (United States) | 5 of 17 |
| Year (2015) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-06 |
Cloud Star
St. Louis, Missouri, United States Cloud Star is a producer of natural and wholesome products for dogs, even those with allergies. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-24 |
Mindpath Health
Sacramento, California, United States Mindpath Health is a behavioral health practice management company supporting over 40 affiliated psychiatrists practicing in California’s Sacramento, San Joaquin, and Bay Areas. Mindpath Health was founded in 1995 and is based in Sacramento, California. |
Buy | - |
