M&A Deal Summary

Investcorp Acquires Resultant

On February 22, 2021, asset manager Investcorp acquired information technology company Resultant from Renovus Capital

Acquisition Highlights
  • This is Investcorp’s 14th transaction in the Information Technology sector.
  • This is Investcorp’s 73rd transaction in the United States.
  • This is Investcorp’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2021-02-22
Target Resultant
Sector Information Technology
Buyer(s) Investcorp
Sellers(s) Renovus Capital
Deal Type Secondary Buyout

Target

Resultant

Indianapolis, Indiana, United States
Resultant is a technology, data, and management consulting firm. Resultant works in both the public and private sectors across all industries to help clients fulfill their missions, meet their goals, and solve their toughest challenges. Resultant was founded in 2008 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 157 of 176
Sector (Information Technology) 14 of 16
Type (Secondary Buyout) 53 of 58
State (Indiana) 2 of 2
Country (United States) 73 of 81
Year (2021) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-17 Unilog

Wayne, Pennsylvania, United States

Unilog is a global technology company that delivers powerful, affordable e-Commerce solutions and product data enrichment services for the B2B marketplaces in US. Unilog’s cloud-based commerce platform help distributors, manufacturers, and wholesalers increase online sales, reduce cost to serve, and enhance their digital footprint. Unilog was founded in 1998 and is based in Wayne, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Safari

Mumbai, India

Safari is a luggage brand. It offers hard luggage, soft luggage and backpacks under Safari, Magnum, Genie and Genius brands. Safari’s products are mass market yet aspirational and available through retail, e-commerce and institutional channels. Safari was founded in 1980 and is based in Mumbai, India.

Buy -

Seller(S) 1

SELLER

Renovus Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Renovus Capital is a private equity firm focused on investing in small to mid-sized education companies. Specific areas of interest include for-profit colleges and schools, training companies, content providers, and technology and services businesses to education providers. Renovus looks for companies with 'strong growth prospects', proven business models and EBITDA of at least $3 million. Renovus Capital was formed in 2010 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 10 of 15
Sector (Information Technology) 4 of 5
Type (Secondary Buyout) 4 of 6
State (Indiana) 1 of 1
Country (United States) 9 of 14
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Tempus Nova

Denver, Colorado, United States

Tempus Nova specializes in G Suite implementations, enterprise collaboration, custom application development, managed services, data visualization, business transformation, and workforce productivity. Tempus Nova was founded in 2001 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 LeapPoint

Reston, Virginia, United States

LeapPoint is a management and technology consulting firm that provides advisory and digital services as well as custom application development. LeapPoint offers a thoughtful blend of resources to bring just the right mix of business acumen and functional expertise to drive enterprise change. LeapPoint was founded in 2006 and is based in Reston, Virginia.

Buy -
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