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M&A Deal Summary

Oldslip Acquires Logoworks

On September 27, 2012, growth capital firm Oldslip acquired internet software and services company Logoworks from HP

Acquisition Highlights
  • This is Oldslip’s 1st transaction in the Internet Software and Services sector.
  • This is Oldslip’s 1st transaction in the United States.
  • This is Oldslip’s 1st transaction in North Carolina.
Investment Fate
  • Logoworks was divested to a consortium of buyers in 2018.

M&A Deal Summary
Date 2012-09-27
Target Logoworks
Sector Internet Software and Services
Buyer(s) Oldslip
Sellers(s) HP
Deal Type Divestiture

Target

Logoworks

New Bern, North Carolina, United States
Logoworks is an online graphic design agency that specializes in logo and website design. Logoworks has a community of designers from all around the world who produce high-quality designs for a variety of clients. Logoworks was founded in 2001 and is based in New Bern, North Carolina.

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Buyer(S) 1

Buyer

Oldslip

Investor

Category Growth Capital Firm
Founded 2010
Size Small
Type Sector Focused
DESCRIPTION

The OldSlip Group is a small private equity investment group focused on investments in the software sector. The Oldslip Group was formed in 2010 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Logoworks

New Bern, North Carolina, United States

Logoworks is an online graphic design agency that specializes in logo and website design. Logoworks has a community of designers from all around the world who produce high-quality designs for a variety of clients. Logoworks was founded in 2001 and is based in New Bern, North Carolina.

Sell -

Seller(S) 1

SELLER

HP

Palo Alto, California, United States
Category Company
Founded 1939
Sector Technology Hardware
Employees58,000
Revenue 53.6B USD (2024)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is a technology company that focuses on providing hardware, printers, and personal computing products. HP was founded in 1939 and is based in Palo Alto, California.

DEAL STATS #
Overall 10 of 14
Sector: Internet Software and Services M&A 3 of 4
Type: Divestiture M&A Deals 8 of 10
State: North Carolina M&A 1 of 1
Country: United States M&A 9 of 13
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-06 HIFLEX

Aachen, Germany

Hiflex Software, is a privately held software solutions provider specializing in Web-to-print and management information systems solutions for printing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 Palm

Sunnyvale, California, United States

Palm, Inc. is a provider of mobile devices that enable users to access and share any information, anywhere. Palm has been a pioneer in mobile since its inception, with such innovations as the PalmPilot™ (the most successful PDA in history), Graffiti™ (a simplified alphabet to input letters into the PalmPilot), and Palm® webOS™ (the first operating system built exclusively for mobile use).

Sell -
Mergr

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