M&A Deal Summary |
|
|---|---|
| Date | 2021-11-05 |
| Target | Ministry Brands |
| Sector | Internet Software and Services |
| Buyer(s) |
Reverence Capital Partners
HarbourVest Partners Farol Asset Management |
| Sellers(s) | Community Brands |
| Deal Type | Divestiture |
| Advisor(s) | William Blair FTP Securities LLC (FT Partners) Credit Suisse Investment Banking (Financial) Willkie Farr & Gallagher (Legal) |
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Reverence Capital Partners is a specialist private investment firm focused on investing in global, middle-market financial services businesses. Specific areas of interest include insurance, asset/wealth management, depositories, finance, financial technology/payments, and capital markets. The Firm targets control and influence-oriented minority investments and typically collaborates with management to drive long-term success. Reverence Capital Partners was formed in 2013 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 13 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Divestiture) | 4 of 5 |
| State (Tennessee) | 1 of 2 |
| Country (United States) | 9 of 13 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-10 |
Diamond Resorts
Las Vegas, Nevada, United States Diamond Resorts is a provider of hospitality and management services. The company operates in two segments, Hospitality and Management Services, and Vacation Interest Sales and Financing. Diamond Resorts with its network of more than 420 vacation destinations located in 35 countries throughout the continental United States, Hawaii, Canada, Mexico, the Caribbean, South America, Central America, Europe, Asia, Australasia, and Africa, provides guests with choice and flexibility to let them create their dream vacation, whether they are traveling an hour away or around the world. Our relaxing vacations have the power to give guests an increased sense of happiness and satisfaction in their lives, while feeling healthier and more fulfilled in their relationships, by enjoying memorable and meaningful experiences that let them Stay Vacationed. Diamond Resorts was founded in 1996 and is based in Las Vegas, Nevada. |
Sell | $1.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-01 |
CRS Temporary Housing
Phoenix, Arizona, United States CRS Temporary Housing is a tech-enabled outsourced services platform providing end-to-end temporary housing solutions for policyholders on behalf of insurance carriers. The Company assists policyholders in times of crisis, ensuring they have adequate shelter immediately after being displaced from their residence. CRS sources a wide variety of hotel and housing accommodations as well as furniture and housewares to meet the unique needs of each policyholder. CRS Temporary Housing was established in 1989 and is based in Phoenix, Arizona. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 222 of 223 |
| Sector (Internet Software and Services) | 18 of 18 |
| Type (Divestiture) | 13 of 13 |
| State (Tennessee) | 3 of 3 |
| Country (United States) | 134 of 134 |
| Year (2021) | 12 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-03 |
Investment Metrics
Norwalk, Connecticut, United States Investment Metrics is a provider of investment performance analytics and reporting solutions for institutional consultants, asset managers, and private wealth advisors. Built by institutional investment consultants for investment professionals, the company’s solutions include PARis (performance analytics and reporting), InvestWorks (manager search and due diligence), EQuest (manager data portal), peer universe data, outsourced reporting services and InterSec Research for market intelligence. The company's solutions enable investment professionals to analyze, measure, and report client portfolios in a highly insightful, accurate, and efficient manner. Investment Metrics was formed in 2010 and is based in Norwalk, Connecticut. |
Sell | $500M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-16 |
Riverbed
San Francisco, California, United States Riverbed is a provider of software for mobile computing applications services. Riverbed delivers application performance for the globally connected enterprise. It helps clients in implementing strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery. Riverbed was founded in 2002 and is based in San Francisco, California. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2011 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Farol Asset Management is a private equity firm that looks to match institutional investors with direct investment opportunities. The Firm seeks to commit $5 to $30 million per transaction to support a variety of transaction situations and typically works with opportunities brought to it by private equity firms, fund-less sponsors, entrepreneurs and operating executives. Farol Asset Management was formed in 2011 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 23 |
| Sector (Internet Software and Services) | 2 of 2 |
| Type (Divestiture) | 4 of 4 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 20 of 21 |
| Year (2021) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-01 |
Lignetics
Broomfield, Colorado, United States Lignetics is a residential wood pellet manufacturing company in the U.S. The company’s innovative eco-friendly offering includes premium wood pellets for super-efficient home heating, barbecue pellets that naturally seal in perfect wood-fired flavor, and a superior all-natural high-performance cat litter. The company delivers these innovative all-natural products through national retail partners and directly to consumers via the only national network of wood pellet manufacturing plants spread across the U.S. and Canada with 22 different plant locations. Lignetics was founded in 1983 and is based in Broomfield, Colorado. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-01 |
PAK Quality Foods
San Angelo, Texas, United States PAK Quality Foods is a protein distributor with a focus on specialty and ethnic proteins. PAK Quality Foods was founded in 1988 and is based in San Angelo, Texas. |
Buy | - |
Community Brands is an end-to-end technology solutions provider for faith-based organizations, private education institutions and associations and has customers who benefit from a full suite of Community’s products including membership management software, an online/mobile payment platform, financial accounting software, background checks, messaging and mobile apps. Community Brands is based in St. Petersburg, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-02 |
Attendee Interactive
Marriottsville, Maryland, United States Attendee Interactive LLC specializing in conference planning and event management. Attendee Interactive provides content solutions for managing event websites, speakers, session abstracts, and continuing education accreditation. These self-service tools are made available to both attendees and exhibitors, allowing event planners to maximize time, staff productivity, and budgets. Attendee Interactive LLC was founded in 2001 and is based in Marriottsville, Maryland. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-09 |
ProSoft Solutions
Bartonville, Texas, United States ProSoft Solutions is a software and service provider exclusively for nonprofit and government entities across North America. ProSoft serves organizations through the implementation and training of clients on the acclaimed MIP Fund Accounting solution and its suite of complementary products. ProSoft Solutions was founded in 1987 and is based in Bartonville, Texas. |
Buy | - |
