M&A Deal Summary

Primus Capital Acquires Rev.io

On September 8, 2020, private equity firm Primus Capital acquired software company Rev.io

Acquisition Highlights
  • This is Primus Capital’s 11th transaction in the Software sector.
  • This is Primus Capital’s 52nd transaction in the United States.
  • This is Primus Capital’s 4th transaction in Georgia.

M&A Deal Summary
Date 2020-09-08
Target Rev.io
Sector Software
Buyer(s) Primus Capital
Deal Type Recapitalization
Advisor(s) Alantra Partners, S.A. - Investment Bank (Financial)

Target

Rev.io

Atlanta, Georgia, United States
Rev.io provides sophisticated billing-as-a-service (BaaS) to communications companies, IoT companies, and technology service providers. Rev.io enables clients to manage sophisticated subscription billing models with the industry’s most complete quote-to-cash financial processing experience to effectively manage end customers’ subscriptions, usage, taxation, billing, and payment processing. Rev.io was founded in 2002 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Primus Capital

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 53 of 60
Sector (Software) 11 of 13
Type (Recapitalization) 8 of 8
State (Georgia) 4 of 5
Country (United States) 52 of 59
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-27 Cayuse

Portland, Oregon, United States

Cayuse provides a comprehensive research administration software platform for colleges and universities. The Company’s solutions help faculty members and administrators construct, submit, and manage research proposals & grants, which allows researchers to focus on research. Cayuse was formed in 2017 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 LiquidityBook

New York, New York, United States

LiquidityBook is a SaaS-based provider of buy- and sell-side trading solutions, including order management, portfolio management, execution management, FIX network connectivity, compliance, and pre-and post-trade processing. LiquidityBook was founded in 2005 and is based in New York City.

Buy -
Mergr

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