M&A Deal Summary

Kibo Acquires Shopatron

On November 25, 2015, Kibo acquired internet software and services company Shopatron from Kern Whelan Capital

Acquisition Highlights
  • This is Kibo’s 1st transaction in the Internet Software and Services sector.
  • This is Kibo’s 1st transaction in the United States.
  • This is Kibo’s 1st transaction in California.

M&A Deal Summary

Date 2015-11-25
Target Shopatron
Sector Internet Software and Services
Buyer(s) Kibo
Sellers(s) Kern Whelan Capital
Deal Type Divestiture

Target

Shopatron

San Luis Obispo, California, United States
Shopatron, Inc. is a provider of cloud-based, distributed order management solutions.

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Buyer(S) 1

Buyer

Kibo

Dallas, Texas, United States

Category Company
Founded 2016
Sector Internet Software and Services
DESCRIPTION

Kibo is a cloud-based omnichannel commerce platform for retailers and branded manufacturers. Kibo's e-commerce, distributed order management, mobile point-of-sale, and personalization solutions help customers stay agile and drive connectivity. Kibo’s unified cloud commerce platform is used by over 450 clients across 50+ countries and powers over $7 billion in online shopping revenue. Kibo was formed in 2016 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 5
Sector: Internet Software and Services M&A 1 of 4
Type: Divestiture M&A Deals 1 of 2
State: California M&A 1 of 3
Country: United States M&A 1 of 5
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-27 Baynote

San Jose, California, United States

Baynote, Inc. is a cloud based personalization platform. BaynoteONE rapidly integrates with existing websites, onsite search engines, mobile sites and applications and email systems to increase ROI without deep IT involvement or expensive system upgrades.

Buy -

Seller(S) 1

SELLER

Kern Whelan Capital

Larkspur, California, United States

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Kern Whelan Capital is an independent investment firm focused on companies at all stages of development. Kern Whelan will consider funding new ventures as well as investing in established/profitable businesses. The Firm is a generalist investor, with no industry preferences and generally targets capital efficient businesses with strong management and the potential to generate operating profits of 15% or better. Kern Whelan Capital is based in San Francisco.


DEAL STATS #
Overall 1 of 7
Sector: Internet Software and Services M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 5
Country: United States M&A 1 of 7
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 InvestCloud

West Hollywood, California, United States

InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. The company offers on-demand client experiences and intuitive operations solutions using an ever-expanding library of modular apps, resulting in powerful products. InvestCloud has over 20 global offices including New York, London, Geneva, Singapore, and Sydney, supporting trillions in assets across hundreds of diverse clients – from the largest banks in the world to wealth managers, asset managers, and asset services companies. InvestCloud was founded in 2010 and is based in West Hollywood, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Pallet Logistics of America

Dallas, Texas, United States

Pallet Logistics of America is a provider of recycled pallets and pallet management services. Pallet Logistics of America provides recycling and repair services facilitating the re-use of previously used wood pallets, helping companies across the supply chain capture value from an otherwise wasted asset. Pallet Logistics of America was founded in 1989 and is based in Dallas, Texas.

Sell -