Add-on Acquisition • Information Technology

Keyloop Acquires RAPID RTC

On March 2, 2021, Keyloop acquired information technology company RAPID RTC from Sageview Capital

Acquisition Context
  • This is Keyloop’s 1st transaction in the Information Technology sector.
  • This is Keyloop’s 1st transaction in the United States.
  • This is Keyloop’s 1st transaction in Texas.

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M&A Deal Summary

Date March 2, 2021
Target RAPID RTC
Sector Information Technology
Buyer(s) Keyloop
Sellers(s) Sageview Capital
Deal Type Add-on Acquisition
Advisor(s) UBS Investment Bank (Financial)

Target Company

RAPID RTC

Plano, Texas, United States
RAPID RTC is a provider of software focused on improving lead generation and management, information integration, and customer relations for both manufacturers and dealers for the automotive industry. RAPID RTC was established in 1996 and is based in Plano, Texas.
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Buyer Overview 1

Buyer

Keyloop

Reading, United Kingdom

Category Company
Sector Software
DESCRIPTION

Keyloop is a provider of software solutions to the auto retail industry. Keyloop is based in Reading, United Kingdom.


Deal Context for Buyer #
Overall 2 of 5
Sector: Information Technology 1 of 2
Type: Add-on Acquisition 2 of 5
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2021 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 enquiryMAX

Leeds, United Kingdom

enquiryMAX Ltd. is a provider of an automotive retail software. enquiryMAX is based in Leeds, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 FISC

Sheffield, United Kingdom

FISC is a SaaS-based financing renewal and compliance company that provides financing and insurance, compliance, and training solutions for the automotive industry. With its market-leading SaaS products, finance institutions, OEMs and dealerships are able to increase vehicle sales, build customer loyalty and improve profitability. Used by 14 car manufacturers and finance agencies, FISC systems and services are deployed at more than 1,700 dealerships in the UK and globally. FISC was founded in 2004 and is based in Sheffield, England.

Buy -

Seller Profile 1

SELLER

Sageview Capital

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2005
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sageview Capital is a private investment firm focused on minority investments in financial services, technology, and business services companies. Sageview looks to invest $20 to $100 million per transaction to support growth, provide acquisition financing, or fund shareholder liquidity needs. Target companies typically possess proven business models, strong management, opportunities for growth, and defensible market positions. Sageview Capital was formed in 2005 and has offices in Palo Alto, California and Greenwich, Connecticut.


Deal Context for Seller #
Overall 15 of 18
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 4 of 6
State: Texas 3 of 4
Country: United States 13 of 15
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Pax8

Greenwood Village, Colorado, United States

Pax8 is a provider of cloud platforms that modernizes the channel’s cloud journey with consolidated billing, automated provisioning, and industry-leading PSA integrations. Pax8 is based in Greenwood Village, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Carewell

Charlotte, North Carolina, United States

Carewell is an online retailer of home health products that differentiates itself by focusing on informal family caregivers, providing educational and empathetic support, and best-in-class customer service. Carewell is based in Charlotte, North Carolina.

Buy -