Secondary Buyout • Internet Software and Services

Mainsail Partners Acquires MirrorWeb

On September 5, 2024, growth capital firm Mainsail Partners acquired internet software and services company MirrorWeb from Maven Capital Partners

Acquisition Context
  • This is Mainsail Partners’ 19th transaction in the Internet Software and Services sector.
  • This is Mainsail Partners’ 1st transaction in the United Kingdom.

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M&A Deal Summary

Date September 5, 2024
Target MirrorWeb
Sector Internet Software and Services
Buyer(s) Mainsail Partners
Sellers(s) Maven Capital Partners
Deal Type Secondary Buyout

Target Company

MirrorWeb

Manchester, United Kingdom
MirrorWeb is a provider of digital communications archiving, supervision, and surveillance software space. The company helps organizations meet their compliance and digital preservation requirements. It provides a unified communications supervision solution to financial services firms, governments, and other regulated industries across the globe. MirrorWeb was founded in 2012 and is based in Manchester, United Kingdom.
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Buyer Overview 1

Buyer

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2003
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco, California.


Deal Context for Buyer #
Overall 46 of 51
Sector: Internet Software and Services 19 of 20
Type: Secondary Buyout 2 of 2
Country: United Kingdom 1 of 1
Year: 2024 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-26 Rentvine

Estero, Florida, United States

Rentvine is a property management software platform serving the long-term residential property rental market. Rentvine is based in Estero, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-16 Skimmer

Austin, Texas, United States

Skimmer provides an all-in-one pool service management software platform with innovative tools for scheduling, route optimization, billing and payments, customer communication, and support. It is used by pool service professionals to help them save time, deliver a seamless customer experience, and grow their businesses. Skimmer was founded in 2017 and is based in Austin, Texas.

Buy -

Seller Profile 1

SELLER

Maven Capital Partners

Glasgow, United Kingdom

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 760M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maven Capital Partners UK LLP (MCP) invests in lower mid-market companies throughout the UK. The Firm also provides mezzanine financing. MCP focuses on profitable companies with proven track records, balanced management teams, and diverse products and services. Maven looks to invest £2 - £20 million in businesses valued from £10 - £40 million. Sectors of interest include specialist manufacturing, health/pharmaceuticals, energy services, leisure, financial services, software and computer services, communication/IT, chemicals, food/beverage, media, consumer products, and support services. Types of transactions include MBOs, MBIs, BIMBOs, take privates, recapitalizations, and growth capital financings. Maven Capital Partners UK LLP was formed in 2009, following a management buyout of Aberdeen Asset Management's Private Equity division. Maven is based in Glasgow with additional offices in Aberdeen, Birmingham, Edinburgh, London and Manchester.


Deal Context for Seller #
Overall 78 of 86
Sector: Internet Software and Services 7 of 9
Type: Secondary Buyout 20 of 21
Country: United Kingdom 76 of 84
Year: 2024 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-13 GradTouch

Manchester, United Kingdom

GradTouch provides the complete end-to-end solution for SMEs wanting to attract, assess and ultimately hire graduates. GradTouch was founded in 2010 and is based in Manchester, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 CB Technology

Livingston, United Kingdom

CB Technology is a contract electronics manufacturer with a focus on complex manufacturing and testing for deployment in harsh environments. CB Technology was founded in 1999 and is based in Livingston, United Kingdom.

Sell -