Add-on Acquisition • Software

Primavera Systems Acquires ProSight

On December 12, 2006, Primavera Systems acquired software company ProSight from Prism Capital

Acquisition Context
  • This is Primavera Systems’ 1st transaction in the Software sector.
  • This is Primavera Systems’ 1st transaction in the United States.
  • This is Primavera Systems’ 1st transaction in Pennsylvania.

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M&A Deal Summary

Date December 12, 2006
Target ProSight
Sector Software
Buyer(s) Primavera Systems
Sellers(s) Prism Capital
Deal Type Add-on Acquisition

Target Company

ProSight

Bala Cynwyd, Pennsylvania, United States
ProSight, a portfolio management software provider, was founded in 1998 and is headquartered in Portland, OR. The company's flagship product, Portfolios, automates IT project portfolio management for enterprise-class customers. Portfolios integrates with existing data sources to gather information on the status of myriad IT projects throughout the organization. This information is then automatically consolidated, analyzed and presented to key decision-makers through user-friendly graphical maps, dashboards and scorecards.
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Buyer Overview 1

Buyer

Primavera Systems

Bala Cynwyd, Pennsylvania, United States

Category Company
Founded 1983
Sector Software
DESCRIPTION

Primavera is a software company whose clients depend on its project, resource and portfolio management solutions to identify which projects are most important and to make it easy for people to work collaboratively, productively and successfully.


Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 1
State: Pennsylvania 1 of 1
Country: United States 1 of 1
Year: 2006 1 of 1

Seller Profile 1

SELLER

Prism Capital

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 190M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Prism Capital is a licensed SBIC investment firm focused on providing equity and mezzanine capital to lower middle market companies. Prism's Mezzanine practice looks to provide up to $7 million in financing for Midwest based mature industrial companies. Mezzanine capital is typically invested to support internal growth, recapitalizations, mergers, acquisitions and ownership changes. Prism also provides equity of $2 to $15 million through an Opportunity Fund. The Opportunity Fund invests in expansion stage IT companies as well as traditional manufacturing and service businesses with growth opportunities. Prism Capital was formed in 1999 and is based in Chicago, Illinois.


Deal Context for Seller #
Overall 6 of 30
Sector: Software 1 of 3
Type: Add-on Acquisition 3 of 18
State: Pennsylvania 1 of 1
Country: United States 6 of 30
Year: 2006 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 McCoy Sales

Littleton, Colorado, United States

McCoy Sales Corporation is a leading Colorado-based distributor of hydronic (water-based) heating equipment, fluid connectors and fluid power equipment and instrumentation fittings, seals, and valves. Founded in 1960, with over a forty year history, McCoy has become the leader in its served market and enjoys an exceptional reputation with its manufacturing partners, including Parker-Hannifin, Taco Valves, Heat Transfer Products, and Burnham. McCoy Sales Corporation, to acquire Fluid Connector Products, Inc. The combined company has been renamed Motion and Flow Control Products ("MFCP").

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Craftsmen Industries

St. Charles, Missouri, United States

Craftsmen Industries is a designer and fabricator of mobile display vehicles serving the event/promotion industry and a large format printer that prints and fabricates vehicle graphics, banners, and signage used in a wide variety of promotional activities. Craftsmen Industries was founded in 1982 and is based in St. Charles, Missouri.

Buy -