Buyout (LBO, MBO, MBI) • Software

Graphite Capital and VSS Capital Partners Acquire Radancy

On May 1, 2006, private equity firms Graphite Capital and VSS Capital Partners acquired software company Radancy for 27M GBP

Acquisition Context
  • This is Graphite Capital’s 2nd and VSS Capital Partners’ 1st transaction in the Software sector.
  • This is Graphite Capital’s 17th and VSS Capital Partners’ 4th largest (disclosed) transaction.
  • This is Graphite Capital’s 1st and VSS Capital Partners’ 32nd transaction in the United States.
  • This is Graphite Capital’s 1st and VSS Capital Partners’ 6th transaction in New York.
Investment Fate
  • Radancy was sold to a consortium of financial buyers in 2018.
  • Radancy was sold to a consortium of financial buyers in 2022.

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M&A Deal Summary

Date May 1, 2006
Target Radancy
Sector Software
Buyer(s) Graphite Capital
VSS Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 27M GBP

Target Company

Radancy

New York, New York, United States
Radancy is a provider of enterprise software and services solutions for end-to-end talent sourcing, intelligently solving the most critical challenges for employers and delivering results that strengthen their organizations. Radancy was founded in 1967 and is based in New York, New York.
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Buyers Overview 2

Buyer

Graphite Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 1.2B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Graphite Capital is a private equity firm that seeks mid-market investments in the UK. Target sectors include retail and consumer, manufacturing, services and distribution, financial services, healthcare, leisure, and property. The Firm looks for transactions valued from £30 to £150 million. Prospective transaction situations typically include management buyouts/buy-ins of corporate spin-offs or privately held companies. The Firm also considers roll-outs and consolidation strategies. Graphite Capital was originally formed in 1981 and became independent in 2001. Graphite is based in London.


Deal Context for Buyer #
Overall 44 of 82
Sector: Software 2 of 2
Type: Buyout (LBO, MBO, MBI) 40 of 55
State: New York 1 of 1
Country: United States 1 of 1
Year: 2006 4 of 6
Size (of disclosed) 17 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Micheldever Tyre Services

Hampshire, United Kingdom

Micheldever Tyre Services Ltd. is a distributor of tyres to independent retailers in the UK, offering tyre brands and a number of mid-range and budget brands. The company also operates tyre service centres.

Buy £85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 The Groucho Club

London, United Kingdom

The Groucho Club offers its loyal membership base access to world-class hospitality in a relaxed environment, including three bars, two restaurants, and accommodation. It is renowned for its high-quality membership from areas such as film, media, the arts and politics. Since Matt Hobbs joined the Group as CEO in 2010, the Club has been substantially redesigned and fully refurbished across all areas, including an upgrade of accommodation, modernisation of the dining areas and the addition of a terrace. The Groucho Club was formed in 1985 and is based in London, United Kingdom.

Buy -
Buyer

VSS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1987 and is based in New York, New York.


Deal Context for Buyer #
Overall 41 of 99
Sector: Software 1 of 7
Type: Buyout (LBO, MBO, MBI) 35 of 51
State: New York 6 of 10
Country: United States 32 of 79
Year: 2006 4 of 9
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-25 Alexander Gallo

Atlanta, Georgia, United States

Alexander Gallo Holdings LLC is the nation’s privately-owned court reporting and litigation support services company. Alexander Gallo Holdings is home to one of the largest base of court reporters in the country. Alexander Gallo was founded in 1999 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-10 Source Medical Solutions

Birmingham, Alabama, United States

Source Medical Solutions, Inc. (SourceMedical) is a provider of outpatient information solutions and revenue cycle management services for rehabilitation clinics, ambulatory surgery centers and specialty hospitals nationwide. SourceMed is based in Birmingham, Alabama.

Buy -