M&A Deal Summary

Klass Capital Acquires Rightsline Software

On November 1, 2020, private equity firm Klass Capital acquired software company Rightsline Software

Acquisition Highlights
  • This is Klass Capital’s 1st transaction in the Software sector.
  • This is Klass Capital’s 1st transaction in the United States.
  • This is Klass Capital’s 1st transaction in California.

M&A Deal Summary

Date 2020-11-01
Target Rightsline Software
Sector Software
Buyer(s) Klass Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Rightsline Software

Los Angeles, California, United States
Rightsline Software is an IP Commerce deal, rights, strategy and finance platform. Rightsline Software was founded in 2012 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Klass Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 150M CAD
Size Small
Type Sector Focused
DESCRIPTION

Klass Capital is a private equity firm focused on investing in and acquiring enterprise software companies. The Firm looks to commit $2 to $20 million of equity capital to companies with up to $20 million in revenue. Klass prefers companies with significant percentages of recurring revenue and will consider opportunities throughout North America and Europe. Klass Capital was formed in 2011 and is headquartered in Toronto.


DEAL STATS #
Overall 4 of 4
Sector: Software M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-26 Condo Control

Toronto, Ontario, Canada

Condo Control provides a web-based system that helps condo property managers, board members, security guards and owners communicate quickly and easily. The company’s cloud-based solution and mobile application streamlines all aspects of condo operations. Condo Control was founded in 2008 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Docebo

Toronto, Ontario, Canada

Docebo is a provider of a Software-as-a-Service (SaaS) enterprise learning management system (LMS) that is sold in more than 80 countries. Established in 2005, Docebo (Latin for “I will teach”) has more than 28,000 installations and offers an enterprise solution for mid-size to large organizations. Customers benefit from Docebo solutions thanks to a scalable pricing model, a third-party integration (via API), and reliable service available 24/7 to further enhance the user experience. Docebo was founded in 2005 and is based in Toronto, Ontario.

Sell -