M&A Deal Summary

Parthenon Capital Acquires Etix

On July 20, 2017, private equity firm Parthenon Capital acquired internet software and services company Etix

Acquisition Highlights
  • This is Parthenon Capital’s 4th transaction in the Internet Software and Services sector.
  • This is Parthenon Capital’s 44th transaction in the United States.
  • This is Parthenon Capital’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2017-07-20
Target Etix
Sector Internet Software and Services
Buyer(s) Parthenon Capital
Deal Type Recapitalization

Target

Etix

Morrisville, North Carolina, United States
Etix is an international web-based ticketing service provider for the entertainment, travel and sports industries, and operates in 40 countries on four continents. Etix provides secure access control ticketing infrastructure solutions, ticket marketing services, and robust eCommerce fulfillment capabilities. Etix was founded in 2000 and is based in Morrisville, North Carolina.

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Buyer(S) 1

Buyer

Parthenon Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 5.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.

DEAL STATS #
Overall 44 of 61
Sector (Internet Software and Services) 4 of 5
Type (Recapitalization) 10 of 12
State (North Carolina) 3 of 3
Country (United States) 44 of 60
Year (2017) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-28 Bracket

Wayne, Pennsylvania, United States

Bracket is a clinical trial technology and specialty services provider dedicated to helping biopharmaceutical sponsors and contract research organizations increase the power of their clinical research data by leveraging core competencies in Science, Technology, and Service.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 Allworth Financial

Sacramento, California, United States

Allworth Financial is an independent investment financial advisory firm that specializes in retirement planning, investment advising, and 401(k) management with a direct approach to financial planning. The company delivers long- and short-term investment planning solutions and advice to help clients achieve goals and plan strategically for retirement. Allworth Financial was formed in 1993 and is based in Sacramento, California.

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