M&A Deal Summary

Performant Capital Acquires Design Manager

On June 29, 2022, private equity firm Performant Capital acquired software company Design Manager from 1stdibs

Acquisition Highlights
  • This is Performant Capital’s 1st transaction in the Software sector.
  • This is Performant Capital’s 3rd transaction in the United States.
  • This is Performant Capital’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2022-06-29
Target Design Manager
Sector Software
Buyer(s) Performant Capital
Sellers(s) 1stdibs
Deal Type Divestiture

Target

Design Manager

Doylestown, Pennsylvania, United States
Design Manager is a project management and accounting software for interior designers. Design Manager is created to respond to the requests of local interior design firms, it has expanded into a nationwide software company and become one of the first providers of cloud-based design software. Design firms have specific needs that cannot be answered by conventional software and taken as a mission to provide a product that is dedicated to those needs. Design Manager delivers software that saves time, money and frustration while eliminating countless hours of paperwork. Design Manager was founded in 1984 and is based in Doylestown, Pennsylvania.

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Buyer(S) 1

Buyer

Performant Capital

Investor Investor Investor

Category Private Equity Firm
Founded 2020
PE ASSETS 200M USD
Size Small
Type Sector Focused
DESCRIPTION

DEAL STATS #
Overall 3 of 5
Sector (Software) 1 of 2
Type (Divestiture) 1 of 1
State (Pennsylvania) 2 of 2
Country (United States) 3 of 5
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Bolt On

Southampton, Pennsylvania, United States

Bolt On provides a SaaS workflow automation tool for the independent auto service channel. Bolt On’s digital vehicle inspection and messaging products increase workflow transparency and communication for its automotive service center customers. Bolt On was founded in 2008 and is based in Southampton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-29 Revascent

Boise, Idaho, United States

Revascent is a provider of revenue cycle management and outsourced software services to physician practices, allowing providers to focus on patient care. Revascent is based in Boise, Idaho.

Buy -

Seller(S) 1

SELLER

1stdibs

New York, New York, United States
Category Company
Founded 2000
Sector E-Commerce
Employees237
Revenue 85M USD (2023)
DESCRIPTION

1stdibs is an online global marketplace for rare and desirable objects. 1stdibs is a go-to source for the interior designers, celebrities, and affluent consumers to find antiques, design, estate jewelry, vintage couture, fine art and luxury properties. 1stdibs was founded in 2000 and is based in New York.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Design Manager

Doylestown, Pennsylvania, United States

Design Manager is a project management and accounting software for interior designers. Design Manager is created to respond to the requests of local interior design firms, it has expanded into a nationwide software company and become one of the first providers of cloud-based design software. Design firms have specific needs that cannot be answered by conventional software and taken as a mission to provide a product that is dedicated to those needs. Design Manager delivers software that saves time, money and frustration while eliminating countless hours of paperwork. Design Manager was founded in 1984 and is based in Doylestown, Pennsylvania.

Buy -
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