M&A Deal Summary

ParkerGale Capital, Maranon Capital and Accel-KKR Acquire Veryon

On November 17, 2015, private equity firm ParkerGale Capital, mezzanine finance firm Maranon Capital and private equity firm Accel-KKR acquired software company Veryon

Acquisition Highlights
  • This is ParkerGale Capital’s 1st, Maranon Capital’s 3rd and Accel-KKR’s 20th transaction in the Software sector.
  • This is ParkerGale Capital’s 1st, Maranon Capital’s 1st and Accel-KKR’s 1st transaction in Spain.

M&A Deal Summary

Date 2015-11-17
Target Veryon
Sector Software
Buyer(s) ParkerGale Capital
Maranon Capital
Accel-KKR
Deal Type Buyout (LBO, MBO, MBI)

Target

Veryon

Malaga, Spain
Veryon is a global information services and software solutions company focused on making flying safer and more reliable. Veryon was founded in 1973 and is based in Malaga, Spain.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 3

DESCRIPTION

ParkerGale Capital is a private equity firm focused on small buyouts of technology companies. The Firm will consider opportunities throughout North America and seeks businesses with predictable, recurring business models and at least $2 million profits. ParkerGale has a preference for founder owned companies. ParkerGale Capital was formed in 2015 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 11
Sector (Software) 1 of 8
Type (Buyout (LBO, MBO, MBI)) 1 of 4
Country (Spain) 1 of 1
Year (2015) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Contelligent

Chicago, Illinois, United States

Contelligent is a provider of waste compactor automated monitoring systems to commercial property owners, retailers, and government agencies, to lower their waste removal costs. Contelligent was founded in 1989 and is based in Chicago, Illinois.

Buy -
Buyer

Maranon Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Maranon Capital LP is an investment firm that provides senior financing, mezzanine debt and equity co-investments for private equity backed and non sponsored middle market companies. Maranon seeks investments in financially healthy businesses with stable cash flows, diverse customers, and strong management. Prospective companies are valued between $30 and $150 million and generate $5 to $30 million of EBITDA. Maranon looks to invest $2 to $10 million for equity co-investments, $5 to $30 million for junior capital needs, and $10 to $50 million for senior debt requirements. Areas of interest include business services, healthcare services, distribution, manufacturing and consumer products/services. Funds typically support acquisitions, recapitalizations, refinancings, consolidations, ESOPs and growth capital needs. Maranon Capital LP was formed in 2007 and is based in Chicago. The Firm has additional offices in Birmingham, Michigan and South Bend, Indiana.


DEAL STATS #
Overall 20 of 38
Sector (Software) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 7 of 12
Country (Spain) 1 of 1
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 California Products

Andover, Massachusetts, United States

California Products Corp. is a provider of branded, premium architectural interior and exterior paints and stains, tennis court and other sports surfaces coatings systems, and specialty abatement products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Hunt Valve

Salem, Ohio, United States

Hunt Valve specializes in severe-duty valves and complementary engineered components and system solutions for applications that include primary metals (steel, aluminum), energy (nuclear, hydro, downstream oil & gas), process (chemical), and U. S. Navy nuclear-powered vessels, including all submarines and carriers in operation as well as the Virginia Class, Ford Class, and Columbia Class. Hunt Valve was founded in 1919 and is based in Salem, Ohio.

Buy -
Buyer

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.


DEAL STATS #
Overall 39 of 117
Sector (Software) 20 of 52
Type (Buyout (LBO, MBO, MBI)) 15 of 29
Country (Spain) 1 of 2
Year (2015) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-20 Clavis Insight

Dublin, Ireland

Clavis Technology Ltd. is a provider of an online channel insights for product manufacturers, and a principal innovator at the forefront of the eCommerce analytics revolution. The company has developed a powerful framework - 6Ps eCommerce Intelligence™ - for organizing and prioritizing eCommerce analytics and actions to drive online channel success for brands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 Patientco

Atlanta, Georgia, United States

Patientco is a vertically integrated payment technology company that was founded specifically to rethink the patient payment experience in healthcare. The company provides greater connectivity, advanced analytics, and more so that health systems only need one patient payments partner and technology platform. It improves financial care across the entire patient journey, from pre-service to post-service, while increasing payments and revenue for today’s top health systems. Patientco was formed in 2008 and is based in Atlanta, Georgia.

Buy -