M&A Deal Summary

Insight Partners, Genstar Capital, Harvest Partners Structured Capital and Greater Sum Ventures Acquire Community Brands

On April 12, 2017, venture capital firm Insight Partners, private equity firm Genstar Capital, private equity firm Harvest Partners Structured Capital and private equity firm Greater Sum Ventures acquired software company Community Brands

Acquisition Highlights
  • This is Insight Partners’ 22nd, Genstar Capital’s 6th, Harvest Partners Structured Capital’s 2nd and Greater Sum Ventures’ 1st transaction in the Software sector.
  • This is Insight Partners’ 36th, Genstar Capital’s 61st, Harvest Partners Structured Capital’s 15th and Greater Sum Ventures’ 1st transaction in the United States.
  • This is Insight Partners’ 5th, Genstar Capital’s 1st, Harvest Partners Structured Capital’s 2nd and Greater Sum Ventures’ 1st transaction in Florida.

M&A Deal Summary

Date 2017-04-12
Target Community Brands
Sector Software
Buyer(s) Insight Partners
Genstar Capital
Harvest Partners Structured Capital
Greater Sum Ventures
Deal Type Consolidation

Target

Community Brands

St. Petersburg, Florida, United States
Community Brands is an end-to-end technology solutions provider for faith-based organizations, private education institutions and associations and has customers who benefit from a full suite of Community’s products including membership management software, an online/mobile payment platform, financial accounting software, background checks, messaging and mobile apps. Community Brands is based in St. Petersburg, Florida.

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Buyer(S) 4

Buyer

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
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 45 of 91
Sector (Software) 22 of 38
Type (Consolidation) 2 of 3
State (Florida) 5 of 8
Country (United States) 36 of 72
Year (2017) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Zyme Solutions

Redwood Shores, California, United States

Zyme Solutions is a provider of cloud-based Software as a service and managed services applications for data solutions. Zyme’s flexible, real-time data platform powers the New Smart Channel℠, a proven approach to acquiring actionable knowledge that enterprises need to accelerate partner sales and optimize marketing ROI. Zyme Solutions was founded in 2004 and is based in Redwood Shores, California.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Spanning

Miami, Florida, United States

Spanning is a provider of subscription-based backup and recovery for “born in the cloud” applications and data. Spanning solutions prevent business interruption due to data loss in Google Apps and Salesforce.com. The company provides powerful, enterprise-class data protection for G Suite, Salesforce, and Microsoft Office 365. Spanning Backup is the most trusted cloud-to-cloud backup solution for thousands of companies and millions of users around the world. Spanning was founded in 2010 and is based in Miami, Florida.

Buy -
Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


DEAL STATS #
Overall 66 of 109
Sector (Software) 6 of 12
Type (Consolidation) 4 of 5
State (Florida) 1 of 5
Country (United States) 61 of 101
Year (2017) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Ministry Brands

Lenoir City, Tennessee, United States

Ministry Brands is a provider of SaaS platforms for churches, parachurch ministries and other faith-based organizations in the United States and Canada. The company seeks to equip the 21stcentury church with technology that empowers pastors, church executives, technology professionals, and administrators to proactively carry out their Biblical mission with excellence, reverence, and efficiency. Its suite of solutions includes church management, giving, accounting, mobile applications, website development, background checks, content, streaming, and messaging. Ministry Brands was founded in 2012 and is based in Lenoir City, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Tecomet

Wilmington, Massachusetts, United States

Tecomet is a contract manufacturer of precision-engineered medical devices and components for the orthopedic, cardiovascular, medical imaging and aerospace markets. The company manufactures orthopedic implants as well as trauma and cranio-maxillofacial products for medical device customers (accounting for 70% of revenue). Tecomet also makes aerospace and industrial products, including components for satellites and infrared applications. Tecomet was founded in 1964 and is based in Wilmington, Massachusetts.

Sell -
DESCRIPTION

Harvest Partners Structured Capital is a private investment group focused on minority position, non-control investments. The Group looks for businesses with $100 million to $1 billion in revenues where Harvest can commit $50 to $250 million. Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, and distribution. Harvest Partners Structured Capital is a unit of PE Firm Harvest Partners. The Firm is based in New York City.


DEAL STATS #
Overall 16 of 31
Sector (Software) 2 of 3
Type (Consolidation) 1 of 3
State (Florida) 2 of 3
Country (United States) 15 of 30
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Arctic Glacier

Winnipeg, Manitoba, Canada

Arctic Glacier is a producer, marketer and distributor of packaged ice, with a strong and loyal customer base across Canada and much of the northern, central and western United States. Arctic Glacier was founded in 1996 and is based in Winnipeg, Manitoba.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 EyeCare Services Partners

Dallas, Texas, United States

EyeCare Services Partners is a provider of comprehensive practice management services to over 100 ophthalmologists and optometrists in its 46 clinics and seven ambulatory surgery centers across five states. EyeCare Services Partners was founded in 2014 and is based in Dallas, Texas.

Buy -
DESCRIPTION

Greater Sum Ventures is a private equity firm focused on investing in US-based technology companies. Areas of interest include software, SaaS, technology-enabled information services, and technology-enabled business services. Prospective transaction situations include buyouts, growth capital financings, and recapitalizations. Greater Sum Ventures was formed in 2015 and is headquartered in Knoxville, Tennessee.


DEAL STATS #
Overall 1 of 12
Sector (Software) 1 of 7
Type (Consolidation) 1 of 1
State (Florida) 1 of 4
Country (United States) 1 of 12
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Inhabit IQ

Knoxville, Tennessee, United States

Inhabit IQ is a collective of tech-forward products serving the residential, commercial and vacation rental management industries. The company provides end-to-end solutions for property management companies in the multifamily, single family residential, student housing, affordable housing, and commercial markets, serving more than 5 million units and customers. Inhabit IQ is a suite of in-class SaaS solutions that includes accounting, CRM, rent payment processing, background screening, and renters insurance software products. Inhabit IQ was founded in 2016 and is based in Knoxville, Tennessee.

Buy -