M&A Deal Summary

Navigation Capital Partners Acquires Brightwell Payments

On December 10, 2009, private equity firm Navigation Capital Partners acquired internet software and services company Brightwell Payments

Acquisition Highlights
  • This is Navigation Capital Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Navigation Capital Partners’ 14th transaction in the United States.
  • This is Navigation Capital Partners’ 4th transaction in Georgia.

M&A Deal Summary
Date 2009-12-10
Target Brightwell Payments
Sector Internet Software and Services
Buyer(s) Navigation Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Brightwell Payments

Atlanta, Georgia, United States
Brightwell Payments is a payments company offering comprehensive prepaid solutions for corporations and consumers. Brightwell Payments was founded in 2001 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Navigation Capital Partners

Atlanta, Georgia, United States

Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 340M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Navigation Capital Partners (NCP) is a private equity firm that makes growth and buyout investments in established mid-market companies with longstanding customer relationships, proprietary manufacturing processes, and mission-critical services. Target companies typically have annual sales up to $150 million and the firm can commit between $10 and $40 million of equity capital per transaction. Sectors of interest include engineered industrial products, automotive & recreational vehicle components, building & construction products, packaging products & services, specialty chemicals, value-added distribution, business services, financial services, healthcare services, and transportation/logistics. Navigation Capital Partners is based in Atlanta, Georgia.

DEAL STATS #
Overall 14 of 19
Sector (Internet Software and Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 8
State (Georgia) 4 of 6
Country (United States) 14 of 19
Year (2009) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-30 Five Star Food Service

Chattanooga, Tennessee, United States

Five Star Food Service is a provider of micro-markets, office coffee and water services, vending solutions, and corporate dining services in the Southeast. Five Star Food Service was founded in 1993 and is based in Chattanooga, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 Metadigm Services

Atlanta, Georgia, United States

Metadigm Services, Inc. ("Metadigm") is a provider a broad range of high-value smart asset-related services, ranging from contract meter reading to turnkey "smart" meter installations, for electric, water and gas utilities. Metadigm's solutions are focused on enabling utilities to adopt Advanced Metering Infrastructure (AMI) and reduce costs outsourcing non-core services.

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