Investment Summary

Network Solutions Invests In ImageCafe.com

On January 1, 1999, Network Solutions invested in information technology company ImageCafe.com from Argentum Capital Partners

Investment Highlights
  • This is Network Solutions’ 1st transaction in the Information Technology sector.
  • This is Network Solutions’ 1st transaction in the United States.
  • This is Network Solutions’ 1st transaction in Maryland.

Investment Summary

Date 1999-01-01
Target ImageCafe.com
Sector Information Technology
Investor(s) Network Solutions
Sellers(s) Argentum Capital Partners
Deal Type Acquisition Financing

Target

ImageCafe.com

Columbia, Maryland, United States
ImageCafe.com was a website superstore selling pre-created, semi-custom, professionally designed Websites for image-conscious small business owners seeking a professional looking Web presence without the high costs associated with hiring a Website design firm. It also offered content management tools enabling purchasers to easily customize and update the content (pictures and text) without the user having to know HTML or FTP.

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Investor(S) 1

Investor

Network Solutions

Herndon, Virginia, United States

Category Company
Founded 1979
Sector Internet Software and Services
DESCRIPTION

Network Solutions LLC is a provider of online solutions for small businesses. Network Solutions provides a variety of Internet services, including domain name registration, e-mail services, Web-site hosting and creation tools, and other value-added services for its more than 4 million customers. Network Solutions LLC was established in 1979 and is based in Herndon, Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Acquisition Financing M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1

Seller(S) 1

SELLER

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 3 of 47
Sector: Information Technology M&A 1 of 5
Type: Acquisition Financing M&A Deals 1 of 1
State: Maryland M&A 1 of 3
Country: United States M&A 3 of 45
Year: 1999 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-16 USA Waste Services

Oak Brook, Illinois, United States

USA Waste Services, which acquired Waste Management in a transaction valued at $13.5 billion and changed its name to Waste Management, Inc. (NYSE: WMI), became the largest solid waste management company in the world. Argentum's investment in USA Waste Services came through Envirofil Inc., a solid waste management firm that merged with USA Waste.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-24 White Cap

Norcross, Georgia, United States

White Cap is a distributor of specialty concrete and construction products. White Cap serves as a one-stop shop providing concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing and safety products to professional contractors by meeting their distinct and customized supply needs in non-residential, residential and industrial applications. White Cap was formed in 1976 and is based in Norcross, Georgia.

Buy $240M