Investment Summary

NewSpring Capital, PeakEquity Partners and Milestone Partners Invest In EnterpriseDB

On December 18, 2014, private equity firms NewSpring Capital, PeakEquity Partners and Milestone Partners invested in internet software and services company EnterpriseDB

Investment Highlights
  • This is NewSpring Capital’s 6th, PeakEquity Partners’ 2nd and Milestone Partners’ 1st transaction in the Internet Software and Services sector.
  • This is NewSpring Capital’s 84th, PeakEquity Partners’ 2nd and Milestone Partners’ 31st transaction in the United States.
  • This is NewSpring Capital’s 8th, PeakEquity Partners’ 1st and Milestone Partners’ 2nd transaction in Massachusetts.
Investment Fate
  • EnterpriseDB was sold to a consortium of financial buyers in 2019.

Investment Summary

Date 2014-12-18
Target EnterpriseDB
Sector Internet Software and Services
Investor(s) NewSpring Capital
PeakEquity Partners
Milestone Partners
Deal Type Growth Capital

Target

EnterpriseDB

Bedford, Massachusetts, United States
EnterpriseDB is a provider of Postgres software and services that enable enterprises to reduce their reliance on costly proprietary solutions and slash their database spend by 90% or more. With powerful performance and security enhancements for PostgreSQL, sophisticated management tools for global deployments and database compatibility for Oracle, EnterpriseDB software supports both mission and non-mission critical enterprise applications. EnterpriseDB was founded in 2004 and is based in Bedford, Massachusetts.

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Investor(S) 3

Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 85 of 201
Sector: Internet Software and Services M&A 6 of 15
Type: Growth Capital M&A Deals 33 of 106
State: Massachusetts M&A 8 of 17
Country: United States M&A 84 of 197
Year: 2014 M&A 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Star2Star

Sarasota, Florida, United States

Star2Star is a privately-held provider of full-spectrum, internally developed, cloud-native communications services delivered via a high availability, multi-tenant platform. Star2Star targets the value market segments in business communications, including mid-market and enterprise size customers, through solutions that enable digital transformation. Star2Star’s offerings include a comprehensive suite of voice, contact center, collaboration, integration, video meetings, Communications Platform as a Service (CPaaS), and Desktop as Service solutions that work on any device from PC’s to desk phones to mobile softphones, all accessible from anywhere. Star2Star was founded in 2006 and is based in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-02 Salveo Specialty Pharmacy

Saint Petersburg, Florida, United States

Salveo Specialty Pharmacy, Inc. is a specialty pharmacy organization serving patients and customers across the country. Salveo acquires, integrates and grows select specialty pharmacy organizations that share its philosophy of providing superior customer service and clinical patient care to the chronically ill population.

Sell $260M
Investor
DESCRIPTION

PeakEquity Partners is a private equity firm focused on acquiring enterprise software and solutions companies. Specific areas of interest include enterprise infrastructure software, enterprise application software, business analytics, business intelligence, big data, IoT, supply chain management, and information security. PeakEquity looks to invest at least $20 million per transaction and targets businesses with $10 to $50 million of revenue. PeakEquity Partners was formed in 2014 and is based in Radnor, Pennsylvania.


DEAL STATS #
Overall 2 of 9
Sector: Internet Software and Services M&A 2 of 5
Type: Growth Capital M&A Deals 2 of 7
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 9
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-08 CareerArc

Burbank, California, United States

CareerArc serves as the next generation of social recruiting solutions for job seekers, college students, employers and higher education institutions. With a fundamental shift in the way people find and consume content, businesses have an enormous opportunity to stay more connected with job seekers and generate powerful word of mouth about their brand. CareerArc provides powerful applications to make this possible as well as online job, internship and content solutions to aid job seekers and career professionals to strengthen their skills.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 G5

Bend, Oregon, United States

G5 is a digital marketing software and services platform for multifamily properties. G5’s mission is to empower clients to outsmart and outperform their competition through smarter marketing, unmatched marketing technology, and a deep bench of talent that puts marketing performance first. G5 was founded in 2005 and is based in Bend, Oregon.

Buy -
Investor

Milestone Partners

Villanova, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Milestone Partners is a lower middle-market private equity firm specializing in investments in manufacturing, distribution, and service companies. Milestone looks for businesses valued up to $250 million with EBITDA of $5 to $50 million. The Firm's target revenue size is $10 to $250 million. Milestone prefers companies with growth potential and proven management. The Firm will not invest in businesses in high cyclical industries, with low barriers to entry, or have a high reliance on technology. Milestone Partners was formed in 1995 and is based in Villanova, Pennsylvania.


DEAL STATS #
Overall 32 of 40
Sector: Internet Software and Services M&A 1 of 2
Type: Growth Capital M&A Deals 3 of 4
State: Massachusetts M&A 2 of 2
Country: United States M&A 31 of 39
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-17 PayLink Direct

Chicago, Illinois, United States

PayLink Direct is a provider of payment financing and processing services to facilitate the sale of vehicle service contracts. PayLink specializes in partnering with VSC providers to offer financial and payment processing solutions to purchasers of VSCs, also known as extended warranty contracts. PayLink Direct was founded in 2006 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 USAuto

Lawrenceville, Georgia, United States

USAuto is a used car sales and finance company. USAuto has a vertically integrated platform that is focused on providing customers with high quality vehicles at affordable prices. USAuto’s proprietary underwriting technology and centralized systems ensure fast and consistent customer service, evidenced by an above average repeat customer rate. USAuto was formed in 1992 and is based in Lawrenceville, Georgia.

Buy -