M&A Deal Summary |
|
|---|---|
| Date | 2020-10-29 |
| Target | Hoonuit |
| Sector | Internet Software and Services |
| Buyer(s) | PowerSchool |
| Sellers(s) |
Renovus Capital
Boathouse Capital Fidus Investment |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Education |
| Revenue | 698M USD (2023) |
PowerSchool is a provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments, and analytics in one unified platform. PowerSchool was founded in 1997 and is based in Folsom, California.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 13 |
| Sector (Internet Software and Services) | 5 of 5 |
| Type (Add-on Acquisition) | 5 of 8 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 8 of 12 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-24 |
Schoology
New York, New York, United States Schoology, Inc. is a provider of software as a service (SaaS) Learning Management Systems (LMS) and collaboration tools to K-12 schools, higher education institutions, and corporate customers. Schoology, Inc. was founded in 2009 and is based in New York City. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-18 |
Hobsons - Naviance & Intersect Solutions
Cincinnati, Ohio, United States Naviance is a college, career, and life readiness (CCLR) platform that helps middle and high school students discover their strengths, explore college and career interests, create actionable goals, and find their best-fit path after high school. Intersect is a best-fit recruitment platform offering a comprehensive set of solutions for colleges and universities to strategically reach best-fit students, those most likely to both apply and succeed. Intersect connects with Naviance, a widely-adopted college, career, and life readiness platform, used by over 10 million students nationwide. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Focused |
Renovus Capital is a private equity firm focused on investing in small to mid-sized education companies. Specific areas of interest include for-profit colleges and schools, training companies, content providers, and technology and services businesses to education providers. Renovus looks for companies with 'strong growth prospects', proven business models and EBITDA of at least $3 million. Renovus Capital was formed in 2010 and is based in Wayne, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 15 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 6 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 6 of 14 |
| Year (2020) | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-20 |
EMS
Exton, Pennsylvania, United States Education Management Solutions LLC is a provider of simulation-based solutions for healthcare training environments. Solutions range from clinical simulation management software and hardware, to counselor education, virtual patient training, competency and curriculum management, plus course, assessment and video management solutions for higher education. Education Management Solutions was founded in 1994 and is based in Exton, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-09 |
Clinical Education Alliance
Stamford, Connecticut, United States Clinical Education Alliance is a provider of continuing education for the healthcare team by the ACCME, ANCC, and ACPE. Clinical Education Alliance was founded in 2004 and is based in Stamford, Connecticut. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 2.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Boathouse Capital is a provider of mezzanine and equity capital to lower middle-market companies in a variety of industries. The Firm works in partnership with management teams and private equity firms in funding private equity sponsored buyouts, management buyouts, recapitalizations, refinancings, and growth capital financings. Boathouse can commit up to $25 million per transaction and generally pursues companies with 'exceptional' management, sustainable competitive advantages, growing end markets, 'sticky' business models, and diversified customers. Boathouse seeks companies with at least $10 million in revenues and at least $5 million of EBITDA. Boathouse is based in Wayne, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 22 |
| Sector (Internet Software and Services) | 1 of 3 |
| Type (Add-on Acquisition) | 9 of 11 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 15 of 22 |
| Year (2020) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-16 |
Re-Sourcing
Valhalla, New York, United States Re-Sourcing is a provider of strategic staffing, consulting, and direct hire solutions, focusing on Compliance, Legal, Information Technology, Finance & Accounting, and HR positions. Re-Sourcing was founded in 2003 and is based in Valhalla, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-07 |
Lugano Diamonds & Jewelry
Newport Beach, California, United States Lugano Diamonds & Jewelry is an international jewelry firm provides jewelry art in addition to being a leading jeweler to the ultra-high net worth clients. Each design is a signature creation by Lugano Diamonds, featuring artistic, one-of-a-kind settings. Lugano Diamonds & Jewelry was established in 1974 and is based in Newport Beach, California. |
Sell | $256M |
| Category | Business Development Company |
|---|---|
| Founded | 2011 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Fidus Investment Corp. is a business development company that looks to provide financing solutions for small to mid-sized companies with $10 to $150 million in revenue. Fidus looks to invest mezzanine debt, senior secured debt and equity in businesses with proven business models, leading market positions, high free cash flow, and strong management teams. Industries of interest include business services, industrial products, value-added distribution, healthcare products/services, consumer products, consumer services, aerospace/defense, energy services, transportation, government IT, and niche manufacturing. Fidus Investment Corp. is based in Evanston, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 10 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Add-on Acquisition) | 3 of 5 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 5 of 10 |
| Year (2020) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-01 |
CRS Solutions
Houston, Texas, United States CRS Solutions is a technology-enabled provider of comprehensive point-of-sale (“POS”) solutions to established single and multi-unit operators in the restaurant, retail, and other hospitality end markets. CRS delivers its highly customized front-of-the-house technology solutions through a recurring service and solutions model for merchants who have complex service needs. CRS Solutions was formed in 1972 and is based in Houston, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-22 |
BCC Software
Rochester, New York, United States BCC Software LLC is a provider of software and data solutions designed to enhance direct mail processing and facilitate efficient, cost-effective multi-channel marketing. The company provides USPS®-certified mail preparation software with integrated functionality to correct address data, perform matching and consolidation, and to sequence mailing lists for postal discounts, through on-premise, cloud-based and API solutions. BCC Software was founded in 1978 and is based in Rochester, New York. |
Sell | - |
