M&A Deal Summary

Insight Partners Acquires Riviera Partners

On December 7, 2022, venture capital firm Insight Partners acquired staffing company Riviera Partners from ROCA Partners and Kayne Anderson Capital Advisors

Acquisition Highlights
  • This is Insight Partners’ 1st transaction in the Staffing sector.
  • This is Insight Partners’ 69th transaction in the United States.
  • This is Insight Partners’ 18th transaction in California.

M&A Deal Summary

Date 2022-12-07
Target Riviera Partners
Sector Staffing
Buyer(s) Insight Partners
Sellers(s) ROCA Partners
Kayne Anderson Capital Advisors
Deal Type Secondary Buyout

Target

Riviera Partners

San Francisco, California, United States
Riviera Partners is expertise with a proprietary platform that uses machine learning to score and predict the best candidate for a company’s specific needs, Riviera is the go-to talent partner for leading venture capitalists and technology innovators. Riviera Partners was founded in 2001 and is based in San Francisco, California.

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Buyer(S) 1

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 85 of 91
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 19 of 22
State (California) 18 of 19
Country (United States) 69 of 72
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Semperis

Hoboken, New Jersey, United States

Semperis is a pioneer in identity-driven cyber resilience for enterprises, With its multi-layered defense approach before, during, and after an attack, Semperis offers the industry’s most comprehensive security technology for hybrid AD and other identity systems, combined with incident response expertise. Semperis was founded in 2015 and is headquartered in Hoboken, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 Kabal

Stavanger, Norway

Kabal is a disruptive software company providing logistics solutions for the global oil and gas industry. Customers include all operators on the Norwegian Continental Shelf, several global IOCs, and global service companies. Kabal ’s software, WELS, enables parties in the oil and gas value chain to eliminate costs and reduce lead times through optimized planning and more effective communication. Kabal was founded in 2011 and is based in Stavanger, Norway.

Buy -

Seller(S) 2

DESCRIPTION

ROCA Partners is a private equity investment firm focused on providing services companies with flexible capital and operational resources to accelerate growth. Sectors of interest include education, financial services, healthcare, media, restaurants, retail, technology, and travel/leisure. The Firm looks to identify companies that benefit from demographic and behavioral trends and leverage its expertise in customer and marketing analytics for growth. ROCA Partners was formed in 2015 and is headquartered in Beverly Hills, California.


DEAL STATS #
Overall 3 of 4
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 1 of 1
State (California) 2 of 2
Country (United States) 3 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Vistar Media

New York, New York, United States

Vistar Media is a provider of advertising technology services to the digital out-of-home industry. Vistar Media was founded in 2011 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 True Blue Car Wash

Scottsdale, Arizona, United States

True Blue Car Wash is a provider of automated express car wash services, cost-effective options and ultra-convenience in an eco-friendly environment. True Blue Car Wash was founded in 2016 and is based in Scottsdale, Arizona.

Sell -
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 84 of 85
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 10 of 11
State (California) 7 of 7
Country (United States) 73 of 73
Year (2022) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-16 Search Optics

San Diego, California, United States

Search Optics is a digital marketing company that provides websites and online marketing services for the North American automotive industry. These services include Blueprint Platform™—a mobile-first website platform, managed paid search, search engine optimization, content and e-mail marketing, programmatic display, social media, local search, reputation management. Search Optics was founded in 1998 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Zafin Labs Technologies

Vancouver, British Columbia, Canada

Zafin Labs Technologies is a provider of relationship banking software solutions to financial services providers worldwide. Company technology platform, miRevenue, was built from the ground up for banking, enabling customer-centric product innovations that drive revenue, transparency and operational efficiency across the customer lifecycle. Zafin Labs Technologies was founded in 2002 and is based in Vancouver, British Columbia.

Sell -