M&A Deal Summary

IA Capital Group Acquires Ceannate

On September 24, 2011, venture capital firm IA Capital Group acquired software company Ceannate

Acquisition Highlights
  • This is IA Capital Group’s 3rd transaction in the Software sector.
  • This is IA Capital Group’s 12th transaction in the United States.
  • This is IA Capital Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2011-09-24
Target Ceannate
Sector Software
Buyer(s) IA Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Ceannate

Schaumburg, Illinois, United States
Ceannate is a provider of solutions in U.S. student loan marketplace. The Company specializes in receivables management and data gathering in both government and private sectors. The Company also contracts with universities to provide default aversion services to students by helping them in selecting payment plans, processing deferments, understanding the implications of forbearance, and providing general guidance with respect to financial aid. Ceannate was founded in 1993 and is based in Schaumburg, illinois.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

IA Capital Group

Westport, Connecticut, United States

Investor Investor Investor

Category Venture Capital Firm
Founded 1992
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inter-Atlantic Group is a specialist private investment firm focused on opportunities within the financial and business services sectors. Specific sectors of interest include financial technology, banking, insurance, asset management and service providers to the financial services industry. The Firm primarily looks for opportunities based in the US. Inter-Atlantic was formed in 1992 and is based in New York City.

DEAL STATS #
Overall 13 of 23
Sector (Software) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Illinois) 1 of 2
Country (United States) 12 of 21
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-21 Planet

Galway, Ireland

Planet is a provider of international payment processing and multi-currency processing services. Planet Payment provides services in 23 countries and territories across the Asia Pacific region, North America, the Middle East, Africa, and Europe, primarily through its 76 acquiring bank and processor customers. Its point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with its ATM services are integrated within the payment card transaction flow enabling its acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels. Planet was founded in 1985 and is based in Galway, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 Hamilton Insurance

Pembroke, Bermuda

Hamilton Insurance is an insurance and reinsurance company focused on generating attractive risk-adjusted returns by combining an experienced management and underwriting team. Hamilton Insurance was incorporated in 2013 and is based in Hamilton, Bermuda.

Buy -
Mergr

Product

Company

Legal