M&A Deal Summary

Insight Partners Acquires Fourth

On June 24, 2015, venture capital firm Insight Partners acquired internet software and services company Fourth from ECI Partners

Acquisition Highlights
  • This is Insight Partners’ 6th transaction in the Internet Software and Services sector.
  • This is Insight Partners’ 24th transaction in the United States.
  • This is Insight Partners’ 5th transaction in Texas.
Investment Fate
  • Fourth was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2015-06-24
Target Fourth
Sector Internet Software and Services
Buyer(s) Insight Partners
Sellers(s) ECI Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)

Target

Fourth

Austin, Texas, United States
Fourth is a cloud-based (SaaS) provider of hospitaliy management systems. Fourth was founded in 1999 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
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 28 of 99
Sector: Internet Software and Services M&A 6 of 26
Type: Secondary Buyout M&A Deals 7 of 25
State: Texas M&A 5 of 8
Country: United States M&A 24 of 79
Year: 2015 M&A 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Gamma Technologies

Westmont, Illinois, United States

Gamma Technologies offers a sophisticated computer-aided engineering (CAE) software GT-SUITE that is used by engineers to execute large-scale, integrated simulations of powertrain and vehicle systems. GT-SUITE includes a complete library of physics-based modeling software customized to address the challenges of vehicle and component design, allowing simulation of a variety of vehicle functions and subsystems, including powertrain, transmission, engine, thermal management, hydraulics, lubrication and friction, acoustics, HVAC, after treatment, general multi-body mechanics and control. Gamma Technologies was founded in 1994 and is based in Westmont, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-25 Checkmarx

Ramat Gan, Israel

Checkmarx is a provider of Application Security Testing (AST) software that helps developers identify and address critical vulnerabilities in an application’s code. Checkmarx was founded in 2006 and is based in Ramat Gan, Israel.

Buy -

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 48 of 76
Sector: Internet Software and Services M&A 4 of 10
Type: Secondary Buyout M&A Deals 11 of 26
State: Texas M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Evans Cycles

Crawley, United Kingdom

F.W. Evans Cycles (UK) Ltd. is an operator of specialist cycling retailer. F.W. Evans Cycles (UK) Ltd. was founded in 1921 and is based in Crawley, United Kingdom.

Buy £110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Citation

Wilmslow, United Kingdom

Citation is a partner to UK small and medium-sized enterprises in the areas of employment law, HR, and health & safety compliance. Citation offers a cost-efficient, effective solution that makes even smaller employers compliant with best practices in H&S and HR, with measurable results in improving workplace safety. Citation was established in 1995 and is based in Wilmslow, United Kingdom.

Sell -