Investment Summary

Glenmount International and HarbourVest Partners Exits Camstar Systems

On October 14, 2014, Siemens invested in software company Camstar Systems from Glenmount International and HarbourVest Partners

Investment Highlights
  • This is Siemens’ 12th transaction in the Software sector.
  • This is Siemens’ 13th transaction in the United States.
  • This is Siemens’ 1st transaction in North Carolina.

Investment Summary

Date 2014-10-14
Target Camstar Systems
Sector Software
Investor(s) Siemens
Sellers(s) Glenmount International
HarbourVest Partners
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target

Camstar Systems

Charlotte, North Carolina, United States
Camstar is a provider of scalable, enterprise manufacturing software solutions that help manufacturers deliver the highest quality products on time, the first time, every time. Camstar is a privately owned company, headquartered in Charlotte, North Carolina, experiencing continued growth in key markets worldwide.

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Investor(S) 1

Investor

Siemens

Munich, Germany

Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 75.9B EUR (2024)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.


DEAL STATS #
Overall 27 of 53
Sector: Software M&A 12 of 25
Type: Add-on Acquisition M&A Deals 21 of 46
State: North Carolina M&A 1 of 2
Country: United States M&A 13 of 25
Year: 2014 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 Rolls-Royce Energy Gas Turbine Business

United Kingdom

Rolls-Royce Energy's gas turbine and compressor business is a provider of aero-derivative gas turbines.

Buy £785M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 Sivantos

Munich, Germany

Sivantos Group is a global hearing aid manufacturer. Sivantos was founded in 1878 and is based in Munich, Germany.

Sell €2.2B

Seller(S) 2

SELLER

Glenmount International

Newport Beach, California, United States

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Glenmount International serves as a private investment vehicle that seeks to acquire industrial technology companies. The Firm partners with management in developing future strategic company plans in the hopes of increasing productivity/performance. Glenmount International is based in Newport Beach, California.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-28 Camstar Systems

Charlotte, North Carolina, United States

Camstar is a provider of scalable, enterprise manufacturing software solutions that help manufacturers deliver the highest quality products on time, the first time, every time. Camstar is a privately owned company, headquartered in Charlotte, North Carolina, experiencing continued growth in key markets worldwide.

Buy -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 55 of 150
Sector: Software M&A 7 of 19
Type: Add-on Acquisition M&A Deals 19 of 62
State: North Carolina M&A 1 of 4
Country: United States M&A 34 of 91
Year: 2014 M&A 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-02 York Risk Services Group

Parsippany, New Jersey, United States

York Risk Services Group is a provider of customized claims management, managed care, risk management, pool administration, and specialized loss adjusting services to markets including public entities, programs, carriers and all types of self-insureds.

Sell $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-17 Zayo

Boulder, Colorado, United States

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.

Sell -