M&A Deal Summary

Parallax Capital Partners Acquires Quark Software

On July 12, 2017, private equity firm Parallax Capital Partners acquired software company Quark Software from Platinum Equity

Acquisition Highlights
  • This is Parallax Capital Partners’ 11th transaction in the Software sector.
  • This is Parallax Capital Partners’ 15th transaction in the United States.
  • This is Parallax Capital Partners’ 2nd transaction in Michigan.

M&A Deal Summary

Date 2017-07-12
Target Quark Software
Sector Software
Buyer(s) Parallax Capital Partners
Sellers(s) Platinum Equity
Deal Type Secondary Buyout
Advisor(s) Piper Jaffray Companies (Financial)

Target

Quark Software

Grand Rapids, Michigan, United States
Quark Software is a developer of content automation platform that helps large organizations streamline the creation, management, publishing, and delivery of business-critical content. Their solutions automate the process with reusable Smart Content components that can be dynamically assembled and delivered with precision in any format and to any channel — web, tablet, mobile, print, and more. Quark Software was founded in 1981 and is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

Parallax Capital Partners

Laguna Hills, California, United States

Investor Investor


Category Private Equity Firm
Founded 1999
Size Middle-Market
Type Sector Focused
DESCRIPTION

Parallax Capital Partners is a private equity firm focused on acquiring middle-market software and related technology companies. Prospective transactions include corporate divestitures, take privates, management buyouts, private company acquisitions, and recapitalizations. Target companies typically have $5 to $100 million in revenue and offer mission-critical products or services. Parallax will consider opportunities in North and South America, Europe, or Asia. Parallax Capital Partners was formed in 1999 and is based in Laguna Hills, California.


DEAL STATS #
Overall 16 of 16
Sector (Software) 11 of 11
Type (Secondary Buyout) 2 of 2
State (Michigan) 2 of 2
Country (United States) 15 of 15
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 erwin

Melville, New York, United States

erwin, Inc. is a data modeling solutions software that helps organizations promote strong data governance and derive maximum value from their data-driven initiatives. erwin was established in 2016 and is based in Melville, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-12 Fox Technologies

Grand Rapids, Michigan, United States

Fox Technologies, Inc. is a provider of access management and governance software. Fox Technologies was founded in 2001 and is based in Grand Rapids, Michigan.

Sell -

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 48 of 78
Sector (Software) 1 of 1
Type (Secondary Buyout) 11 of 21
State (Michigan) 5 of 5
Country (United States) 41 of 65
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Aventiv Technologies

Dallas, Texas, United States

Aventiv Technologies is a diversified technology company providing solutions to corrections and government services sectors. Aventiv Technologies is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 United Site Services

Westborough, Massachusetts, United States

United Site Services is a provider of portable restrooms, temporary fence and related site services. With more than 85 locations coast to coast and the largest fleet of portable sanitation equipment, it is no wonder why United Site Services is trusted by more top industry professionals than any other temporary site service provider. Company wide selection of solutions, products, and our fast, courteous customer service provides peace of mind during all phases of your project or event.

Buy -