M&A Deal Summary

Greyrock Capital Group and Shore Points Capital Acquire Loftware

On January 1, 2005, mezzanine finance firm Greyrock Capital Group and private equity firm Shore Points Capital acquired internet software and services company Loftware

Acquisition Highlights
  • This is Greyrock Capital Group’s 1st and Shore Points Capital’s 1st transaction in the Internet Software and Services sector.
  • This is Greyrock Capital Group’s 14th and Shore Points Capital’s 1st transaction in the United States.
  • This is Greyrock Capital Group’s 1st and Shore Points Capital’s 1st transaction in New Hampshire.
Investment Fate
  • Loftware was sold to a consortium of financial buyers in 2014.
  • Loftware was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2005-01-01
Target Loftware
Sector Internet Software and Services
Buyer(s) Greyrock Capital Group
Shore Points Capital
Deal Type Recapitalization

Target

Loftware

Portsmouth, New Hampshire, United States
Loftware is a provider of cloud-based Enterprise Labeling and Artwork Management solutions. Loftware was founded in 1986 and is based in Portsmouth, New Hampshire.

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Buyer(S) 2

Buyer

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.


DEAL STATS #
Overall 14 of 63
Sector: Internet Software and Services M&A 1 of 1
Type: Recapitalization M&A Deals 4 of 9
State: New Hampshire M&A 1 of 1
Country: United States M&A 14 of 62
Year: 2005 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Allen Technologies

Austin, Texas, United States

Allen Technologies provides hospital patients and their guests a suite of for-fee entertainment services, such as premium satellite entertainment, on-demand feature movies, and internet service. Its systems also facilitate hospitals’ compliance with federal regulations that mandate patient education and medical data collection at the bedside. Allen Technologies was founded in 1977 and is based in Austin, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 Bock & Clark

Akron, Ohio, United States

Bock & Clark Corp. is a provider of commercial real estate due diligence services. With offices in Ohio, Pennsylvania, Florida, Oklahoma, California, Colorado, and Rhode Island, Bock & Clark serves clients in all 50 states and Canada in the following capacities: ALTA land and title surveys, boundary surveys, topographic surveys, aerial survey zoning reports and letters, and environmental services. Bock & Clark employs experienced professionals to research and prepares each of these products resulting in due diligence efficiency.

Buy -
Buyer

Shore Points Capital

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Shore Points Capital is a private equity firm focused on investing in growth-oriented businesses needing additional capital to reach the 'next level' of expansion and profitability. Shore Points generally looks to invest in closely held, entrepreneurial owned or family businesses operating in 'low-profile' industries where existing management might be willing to invest and share financial risk. Prospective companies typically have $2 to $7 million of EBITDA with enterprise values up to $50 million. Sectors of interest include business services, consumer products/services, distribution, electronics, energy services, financial services, food/restaurants, manufacturing, media/communications, and software/IT. Shore Points Capital was formed in 2006 and is based in New York, New York.


DEAL STATS #
Overall 1 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 2
State: New Hampshire M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2005 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-14 Breckwell Hearth Products

South Pittsburg, Tennessee, United States

Breckwell Hearth Products is a manufacturer of hearth products under the Breckwell name.

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