M&A Deal Summary

Mi9 Retail Acquires MyWebGrocer

On October 15, 2018, Mi9 Retail acquired internet software and services company MyWebGrocer from HGGC

Acquisition Highlights
  • This is Mi9 Retail’s 1st transaction in the Internet Software and Services sector.
  • This is Mi9 Retail’s 4th transaction in the United States.
  • This is Mi9 Retail’s 1st transaction in Vermont.

M&A Deal Summary

Date 2018-10-15
Target MyWebGrocer
Sector Internet Software and Services
Buyer(s) Mi9 Retail
Sellers(s) HGGC
Deal Type Add-on Acquisition

Target

MyWebGrocer

Colchester, Vermont, United States
MyWebGrocer, Inc. is a software-as-a-service company providing online commerce, communications and digital media services to grocery store chains and consumer packaged goods companies. MyWebGrocer, Inc. was founded in 1999 and is based in Colchester, Vermont.

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Buyer(S) 1

Buyer

Mi9 Retail

Miami, Florida, United States

Category Company
Founded 2001
Sector Software
DESCRIPTION

Mi9 Retail is a provider of an enterprise retail merchandising, business intelligence, and store operations software. The company has developed the only enterprise-grade Merchandising and Business Intelligence solution on the market available as a single solution. Mi9 Retail was founded in 2001 and is based in Miami, Florida.


DEAL STATS #
Overall 5 of 5
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Vermont) 1 of 1
Country (United States) 4 of 4
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-15 JustEnough Software

Irvine, California, United States

JustEnough Software Corp., Inc. is a provider of demand management software solutions for retail, wholesale and direct-to-consumer businesses worldwide. JustEnough Software is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Mi9 Retail - Demand Management Business

Toronto, Ontario, Canada

Mi9 Retail's Demand Management Business provides enterprise retail merchandising, business intelligence, and store operations software.

Sell -

Seller(S) 1

SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.


DEAL STATS #
Overall 13 of 24
Sector (Internet Software and Services) 3 of 6
Type (Add-on Acquisition) 9 of 13
State (Vermont) 1 of 1
Country (United States) 11 of 21
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 RPX

San Francisco, California, United States

RPX is a provider of patent risk management solutions, serving clients in the technology, media, financial services and automotive sectors. RPX provides an innovative subscription based service that lowers the cost of IP related litigation for its member clients, which include the largest and most important companies in the technology sector. RPX was formed in 2008 and is based in San Francisco, California.

Buy $555M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-04 Aceable

Austin, Texas, United States

Aceable is a provider of mobile and online certification and continuing education coursework solutions. Aceable’s core products address the driver’s education and defensive driving markets for both novice and experienced drivers across the U.S. Aceable was established in 2012 and is based in Austin, Texas.

Buy -