Investment Summary

Goldman Sachs Merchant Banking, Reliant Star Capital and Eight Roads Invest In Tracelink

On November 30, 2016, private equity firms Goldman Sachs Merchant Banking, Reliant Star Capital and Eight Roads invested in internet software and services company Tracelink

Investment Highlights
  • This is Goldman Sachs Merchant Banking’s 8th, Reliant Star Capital’s 1st and Eight Roads’ 29th transaction in the Internet Software and Services sector.
  • This is Goldman Sachs Merchant Banking’s 92nd, Reliant Star Capital’s 4th and Eight Roads’ 58th transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 7th, Reliant Star Capital’s 1st and Eight Roads’ 18th transaction in Massachusetts.

Investment Summary

Date 2016-11-30
Target Tracelink
Sector Internet Software and Services
Investor(s) Goldman Sachs Merchant Banking
Reliant Star Capital
Eight Roads
Deal Type Venture

Target

Tracelink

Wilmington, Massachusetts, United States
Tracelink is a provider of track and traces network for connecting the Life Sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace. Tracelink was founded in 2009 and is based in Wilmington, Massachusetts.

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Investor(S) 3

Investor

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 132 of 189
Sector: Internet Software and Services M&A 8 of 14
Type: Venture M&A Deals 9 of 11
State: Massachusetts M&A 7 of 8
Country: United States M&A 92 of 130
Year: 2016 M&A 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 Worldstores

Twickenham, United Kingdom

Worldstores Ltd. is one of the UK's largest online retailers of products for the home and garden. There are over 500,000 products on the site. Worldstores has built a proprietary technology platform that manages suppliers and enables rapid cross-docking of stock directly from suppliers to customers so that customers can have next day, or day of choice, delivery. Much of the product requires 2-man delivery.

Sell £9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Xella

Duisburg, Germany

Xella is an international solution provider in the field of building and insulation materials. It is the parent company of such well-known brands as Ytong, Silka, Hebel, and Multipor, and is a pioneer in digitally supported construction processes with its digital planning service blue.sprint. Xella is based in Duisburg, Germany.

Sell -
Investor

Reliant Star Capital

New York, New York, United States

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Reliant Star Capital, Inc. (RSC) is a private equity firm that invests in manufacturing, distribution and services businesses. RSC typically partners with quality management teams to pursue businesses offering critical products or services with strong growth potential, defensible market positions, and recurring revenues. RSC typically invests $1 to $10 million in businesses with at least $5 million in sales and $1 million of operating profits. RSC will consider MBOs, growth capital financings, recapitalizations, consolidations and corporate divestitures. In addition to providing equity, RSC will also consider subordinated debt investments. Reliant Star Capital, Inc. was formed in 2005 and has offices in New York City and Chicago.


DEAL STATS #
Overall 4 of 4
Sector: Internet Software and Services M&A 1 of 1
Type: Venture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Clearent

Creve Coeur, Missouri, United States

Clearent is a provider of full-service, payment solutions that leverages its proprietary payments platform to make doing business easier and more profitable for its sales partners. Clearent was founded in 2005 and is based in Creve Coeur, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-30 Clearent

Creve Coeur, Missouri, United States

Clearent is a provider of full-service, payment solutions that leverages its proprietary payments platform to make doing business easier and more profitable for its sales partners. Clearent was founded in 2005 and is based in Creve Coeur, Missouri.

Sell -
Investor

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 135 of 293
Sector: Internet Software and Services M&A 29 of 60
Type: Venture M&A Deals 114 of 266
State: Massachusetts M&A 18 of 34
Country: United States M&A 58 of 120
Year: 2016 M&A 22 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Innovent Biologics

Suzhou, China

Innovent Biologics is a biopharmaceutical company in China that develops, manufacture, and commercialize high-quality innovative medicines for the treatment of cancer and other major diseases. Innovent Biologics was founded in 2011 and is based in Suzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Laurus Labs

Hyderabad, India

Laurus Labs develops and manufacturers active pharmaceutical ingredients (API), with a focus on anti-retroviral (ARV) and oncology products. Laurus Labs was founded in 2005 and is based in Hyderabad, Telangana.

Sell -