M&A Deal Summary

Incline Equity Partners Acquires iWave Information Systems

On October 20, 2022, private equity firm Incline Equity Partners acquired information technology company iWave Information Systems from Sverica

Acquisition Highlights
  • This is Incline Equity Partners’ 1st transaction in the Information Technology sector.
  • This is Incline Equity Partners’ 2nd transaction in Canada.
  • This is Incline Equity Partners’ 1st transaction in Prince Edward Island.

M&A Deal Summary

Date 2022-10-20
Target iWave Information Systems
Sector Information Technology
Buyer(s) Incline Equity Partners
Sellers(s) Sverica
Deal Type Secondary Buyout

Target

iWave Information Systems

Charlottetown, Prince Edward Island, Canada
iWave Information Systems is a provider of access to data and proprietary analytics to help prospect researchers, fundraisers, and other development professionals determine which donor prospects to ask, how much to ask for, and when to ask. iWave Information Systems was founded in 1991 and is based in Charlottetown, Prince Edward Island.

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Buyer(S) 1

Buyer

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.


DEAL STATS #
Overall 65 of 73
Sector (Information Technology) 1 of 2
Type (Secondary Buyout) 21 of 23
State (Prince Edward Island) 1 of 1
Country (Canada) 2 of 2
Year (2022) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-30 NovaVision

Bowling Green, Ohio, United States

NovaVision is a manufacturer and distributor consumable security products including holograms, tamper-evident tapes, seals, labels, bags and mechanical seals serving various end markets. NovaVision was founded in 1994 and is based in Bowling Green, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Icreon

New York, New York, United States

Icreon is a digital transformation agency offering digital strategy, product design and back-end engineering capabilities to enterprise and mid-market clients. Icreon was founded in 2000 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Sverica

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $150 million. Sverica looks to commit $15 to $50 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.


DEAL STATS #
Overall 24 of 28
Sector (Information Technology) 6 of 6
Type (Secondary Buyout) 8 of 10
State (Prince Edward Island) 1 of 1
Country (Canada) 3 of 3
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-27 Synoptek

Irvine, California, United States

Synoptek provides information technology management services and support to organizations worldwide. The company offers solutions to manage and operate IT infrastructure using their advanced IT service management (ITSM) capabilities, automated toolsets, and skilled technologists. Synoptek was formed in 2001 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-29 Hirebotics

Nashville, Tennessee, United States

Hirebotics is a cobot technology developer that designs and develops tools to improve the productivity, usability and affordability of collaborative robot systems. Hirebotics was founded in 2015 and is based in Nashville, Tennessee.

Buy -