M&A Deal Summary

Clearlake Capital, Highland Europe and Insight Partners Acquire AMCS

On April 30, 2018, private equity firm Clearlake Capital, growth capital firm Highland Europe and venture capital firm Insight Partners acquired software company AMCS from Alpina Partners

Acquisition Highlights
  • This is Clearlake Capital’s 13th, Highland Europe’s 3rd and Insight Partners’ 26th transaction in the Software sector.
  • This is Clearlake Capital’s 1st, Highland Europe’s 1st and Insight Partners’ 3rd transaction in Ireland.
Investment Fate
  • AMCS was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2018-04-30
Target AMCS
Sector Software
Buyer(s) Clearlake Capital
Highland Europe
Insight Partners
Sellers(s) Alpina Partners
Deal Type Secondary Buyout

Target

AMCS

Limerick, Ireland
AMCS supplies integrated software and vehicle technology for the waste, recycling, and material resources industries. AMCS Platform is a suite of best-in-class SaaS solutions that includes industry-specific enterprise management software, intelligent optimization, mobile workforce, vehicle technology, digital engagement, and analytics solutions, which delivers digital innovation to the emerging circular economy worldwide. AMCS was founded in 2003 and is based in Limerick, Ireland.

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Buyer(S) 3

Buyer

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 47 of 93
Sector: Software M&A 13 of 19
Type: Secondary Buyout M&A Deals 14 of 40
Country: Ireland M&A 1 of 2
Year: 2018 M&A 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 Wheel Pros

Greenwood Village, Colorado, United States

Wheel Pros is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories. Wheel Pros was founded in 1995 and is based in Greenwood Village, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Sage Automotive Interiors

Greenville, South Carolina, United States

Sage Automotive Interiors, Inc. is a provider of an automotive bodycloth, including a range of knit and woven technical textiles, to many of the world's leading automobile manufacturers. Sage has global offices and manufacturing locations in the U.S., Brazil, United Kingdom, China, Korea and Japan and has contract manufacturing relationships worldwide.

Sell $1.1B
DESCRIPTION

Highland Europe is a growth capital investor focused on technology enabled companies addressing large market opportunities in internet, mobile and software. The Firm looks to commit €10 to €30 million in fast growth companies with at least €10 million in annual sales. The Firm will consider opportunities throughout Western Europe with global ambitions. Highland Europe was formed in 2012 and is headquartered in London.


DEAL STATS #
Overall 16 of 49
Sector: Software M&A 3 of 11
Type: Secondary Buyout M&A Deals 2 of 4
Country: Ireland M&A 1 of 2
Year: 2018 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 Bitmovin

Denver, Colorado, United States

Bitmovin is a provider of video infrastructure for online media companies around the world. The company has been at the forefront of all major developments in online video - from building the world’s first commercial adaptive streaming player to deploying first software-defined encoding service that runs on any cloud provider or in a data centre. Bitmovin was founded in 2012 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 Incopro

London, United Kingdom

Incopro is an IP protection software and consultancy company. INCOPRO delivers technology solutions to businesses facing IP infringement challenges online. Incopro protects over 750 leading global brands, including Mondelēz International, Reckitt, Unilever, Superdry, and Brother International. Incopro was founded in 2012 and is based in London, United Kingdom.

Buy -
Buyer

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 59 of 99
Sector: Software M&A 26 of 42
Type: Secondary Buyout M&A Deals 15 of 25
Country: Ireland M&A 3 of 4
Year: 2018 M&A 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 Smartsheet

Bellevue, Washington, United States

Smartsheet is a cloud‑based work management platform designed to help teams plan, track, automate, and report on work across projects and workflows. The Company offers a no‑code platform that integrates with existing systems and scales from individual teams to enterprise portfolios. Smartsheet was founded in 2005 and is based in Bellevue, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Hustle

San Francisco, California, United States

Hustle is a peer-to-peer (P2P) messaging platform with a mission to strengthen relationships by scaling genuine human conversation. Hustle was founded in 2014 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Alpina Partners

Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alpina Partners is an independent investment group focused on sustainable company investments. The Firm looks to support companies that seek solutions to sustainability challenges. Alpina Partners is based in Munich, Germany.


DEAL STATS #
Overall 5 of 9
Sector: Software M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 2
Country: Ireland M&A 1 of 1
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 Torqeedo

Wessling , Germany

Torqeedo is a provider of electric drive systems for watercraft that develops and manufactures electric and hybrid drives from 0.5 kW to 100 kW for leisure and commercial applications. Torqeedo’s products are characterised by an uncompromising focus on high-tech, maximum efficiency and complete system integration. Torqeedo was founded in 2005 and is based in Wessling, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 DOLAN

Kelheim, United States

DOLAN GmbH is a manufacturer of acrylic specialty fibers. DOLAN GmbH offers customized fiber solutions. DOLAN spun-dyed fiber meets the highest requirements regarding light and weather-fastness and is mainly used for the production of car covers, awnings, and outdoor fabrics.

Sell -