M&A Deal Summary

IMImobile Acquires 3Cinteractive

On July 24, 2019, IMImobile acquired internet software and services company 3Cinteractive from Kayne Anderson Capital Advisors

Acquisition Highlights
  • This is IMImobile’s 4th transaction in the Internet Software and Services sector.
  • This is IMImobile’s 2nd transaction in the United States.
  • This is IMImobile’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-07-24
Target 3Cinteractive
Sector Internet Software and Services
Buyer(s) IMImobile
Sellers(s) Kayne Anderson Capital Advisors
Deal Type Add-on Acquisition

Target

3Cinteractive

Boca Raton, Florida, United States
3Cinteractive LLC is a provider of could-based mobile commerce solutions that helps businesses drive a stronger and more effective engagement with their consumers. 3Cinteractive LLC was founded in 2005 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

IMImobile

London, United Kingdom

Category Company
Founded 1999
Sector Software
Revenue 171M GBP (2020)
DESCRIPTION

IMImobile is a technology company providing software and services to businesses that capitalize on the growth in mobile communication. Its services, delivered in over 60 countries in Europe, the Americas, MEA, and India, help its clients to engage and transact with their customers more efficiently through smarter mobile engagement. IMImobile was founded in 1999 and is based in London, United Kingdom.


DEAL STATS #
Overall 8 of 8
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 7 of 7
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Impact Mobile

Toronto, Ontario, Canada

Impact Mobile, Inc. is a provider of end-to-end mobile engagement solutions. Impact Mobile provides end-to-end mobile marketing solutions, allowing our clients to engage and interact directly with mobile subscribers. Impact Mobile, Inc. was founded in 2002 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 65 of 85
Sector (Internet Software and Services) 6 of 10
Type (Add-on Acquisition) 25 of 34
State (Florida) 2 of 2
Country (United States) 58 of 73
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 WildFire Energy

Houston, Texas, United States

WildFire Energy is an independent energy company focused on the acquisition, exploitation, and production of oil and natural gas properties in the US through the application of modern technology and production optimization. WildFire Energy was founded in 2019 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Next Century

Providence, Utah, United States

Next Century is a submetering and utility billing technology provider with proprietary hardware, primarily focused on the multifamily real estate market. The company manufactures proprietary IoT devices that can capture water and energy usage at the meter level and store that data in a cloud-based system that is accessible to the utility billing service providers than can leverage this data to prepare individualized billing statements. Next Century is based in Providence, Utah.

Buy -