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Investment Summary

Otter Capital and Greyhawk Capital Management Exits Arena Solutions

On August 22, 2017, private equity firm JMI Equity invested in internet software and services company Arena Solutions from Otter Capital and Greyhawk Capital Management

Investment Highlights
  • This is JMI Equity’s 27th transaction in the Internet Software and Services sector.
  • This is JMI Equity’s 79th transaction in the United States.
  • This is JMI Equity’s 18th transaction in California.
Investment Fate
  • Arena Solutions was sold to a publicly-traded strategic buyer in 2020 for 715M USD.

Investment Summary
Date 2017-08-22
Target Arena Solutions
Sector Internet Software and Services
Investor(s) JMI Equity
Sellers(s) Otter Capital
Greyhawk Capital Management
Deal Type Secondary Buyout

Target

Arena Solutions

Foster City, California, United States
Arena Solutions, Inc. is a cloud-based PLM company that provides an all-in-one product development platform that unites PLM, ALM, supply chain collaboration, and QMS for the design and manufacture of complex electronics. Its solution creates a collaborative development-to-production workflow tied to the product record that connects electrical, mechanical, and software engineers, allowing them to work seamlessly with product development, quality, and manufacturing teams. Arena Solutions was founded in Foster City, California.

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Investor(S) 1

Investor

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 92 of 130
Sector: Internet Software and Services M&A 27 of 46
Type: Secondary Buyout M&A Deals 7 of 10
State: California M&A 18 of 26
Country: United States M&A 79 of 114
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-21 Level Access

Arlington, Virginia, United States

Level Access is a provider of cloud digital accessibility software and services. Level Access' full scope of accessible technology regulations and standards including the ADA, WCAG, CVAA, AODA, EU directives on digital accessibility, and Section 508. Level Access was founded in 1997 and is based in Arlington, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-23 DoubleVerify

New York, New York, United States

DoubleVerify is a provider of online media verification, offering a comprehensive suite of advertising verification monitoring, blocking, and compliance solutions. DoubleVerify was incorporated in 2008 and is based in New York, New York.

Sell -

Seller(S) 2

SELLER

Otter Capital

Woodside, California, United States
Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Otter Capital is an unsponsored private equity firm focused on investments in growth companies. Otter looks for businesses demonstrating high barriers to entry and other competitive advantages. The Firm typically partners with management when pursuing transactions. Otter Capital is based in Palo Alto, California.

DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: California M&A 3 of 3
Country: United States M&A 4 of 4
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-07 BioConsortia

Davis, California, United States

BioConsortia is an operator of a proprietary R&D platform to discover and develop innovative microbial communities (consortia) to improve crop trait performance and increase crop yield. BioConsortia was founded in 2014 and is based in Davis, California.

Buy -
SELLER

Greyhawk Capital Management

Ketchum, Idaho, United States
Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Greyhawk Capital Management LLC is a private investment firm focused on acquiring businesses throughout the US. Greyhawk targets companies operating in the fields of cellular telephony, transportation and logistics, software, UPS stores, jewelry and electronic invoicing. The Firm looks to invests $5-25 million per transaction. Greyhawk Capital Management was formed in 2006 and is based in Ketchum, Idaho.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-23 Reinstein/Ross

New York, New York, United States

Reinstein/Ross is a jewelry manufacturer and retailer. It is known for vibrant precious stones set in rich colors of gold and platinum. The jewelry, handcrafted on site and reminiscent of ancient Etruscan and Egyptian designs, with a modern spin, is the product of a long-term relationship between designer, Susan Reinstein, and gem trader, Brian Ross. Reinstein/Ross is based in New York City.

Buy -
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