Buyout (LBO, MBO, MBI) • Software

Klass Capital Acquires Rightsline Software

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

Acquisition Context

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.

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M&A Deal Summary
Date	November 1, 2020
Target	Rightsline Software
Sector	Software
Buyer(s)	Klass Capital
Deal Type	Buyout (LBO, MBO, MBI)

Target Company

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 Overview 1

Buyer

Klass Capital

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 Context for Buyer	#
Overall	4 of 4
Sector: Software	1 of 1
Type: Buyout (LBO, MBO, MBI)	3 of 3
State: California	1 of 1
Country: United States	1 of 1
Year: 2020	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	-

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	-

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

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