M&A Deal Summary

HKW Acquires Advantage

On November 18, 2019, private equity firm HKW acquired software company Advantage

Acquisition Highlights
  • This is HKW’s 3rd transaction in the Software sector.
  • This is HKW’s 38th transaction in the United States.
  • This is HKW’s 4th transaction in Texas.

M&A Deal Summary
Date 2019-11-18
Target Advantage
Sector Software
Buyer(s) HKW
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) GulfStar Group (Financial)
Foley & Lardner (Legal)

Target

Advantage

Houston, Texas, United States
Advantage is a provider of software and consulting solutions designed to optimize overdraft programs for regional/community banks and credit unions. Advantage is based in Houston, Texas.

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Buyer(S) 1

Buyer

HKW

Indianapolis, Indiana, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1903
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.

DEAL STATS #
Overall 46 of 54
Sector (Software) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 24 of 27
State (Texas) 4 of 7
Country (United States) 38 of 44
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Gatekeeper Systems

Foothill Ranch, California, United States

Gatekeeper Systems is a provider of intelligent cart solutions to minimize merchandise loss and reduce asset and labor expenditures. Gatekeeper serves a growing customer base of both regional and global blue-chip retailers. Gatekeeper Systems was founded in 1998 and is based in Foothill Ranch, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 Traductions Serge Bélair

Montreal, Quebec, Canada

Traductions Serge Bélair is a language service provider (LSP) supplying translation services to corporate and institutional clients. TRSB offers value-added services like the adaptation of marketing materials, glossary development, copy-editing, and desktop publishing as well as multimedia localization and engineering. Traductions Serge Bélair was founded in 1987 and is based in Montreal, Quebec.

Buy -
Mergr

Product

Company

Legal