M&A Deal Summary

Rubicon Technology Partners Acquires 4tell Solutions

On November 17, 2015, private equity firm Rubicon Technology Partners acquired information technology company 4tell Solutions from Arrowroot Capital and Cordjia Private Equity

Acquisition Highlights
  • This is Rubicon Technology Partners’ 1st transaction in the Information Technology sector.
  • This is Rubicon Technology Partners’ 5th transaction in the United States.
  • This is Rubicon Technology Partners’ 1st transaction in Maine.

M&A Deal Summary

Date 2015-11-17
Target 4tell Solutions
Sector Information Technology
Buyer(s) Rubicon Technology Partners
Sellers(s) Arrowroot Capital
Cordjia Private Equity
Deal Type Secondary Buyout
Advisor(s) Vaquero Capital (Financial)

Target

4tell Solutions

Portland, Maine, United States
4tell Solutions is a developer of technology that optimizes the financial, energy, environmental, security and social performance of real estate portfolios and infrastructure assets. 4tell Solutions was founded in 2009 and is based in Portland, Maine.

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Buyer(S) 1

DESCRIPTION

Rubicon Technology Partners is a specialist private equity firm firm that invests in lower middle-market enterprise software and technology-enabled services companies. Rubicon looks to make control investments of $75 to $350 million in businesses generating $15 to $75 million in revenue. Target transaction situations include buyouts and recapitalizations of closely held private companies, corporate divestitures, carve-outs or spin-outs, buy and build opportunities, and shareholder liquidity events. Rubicon was founded in 2012 and is based in Boulder, Colorado.


DEAL STATS #
Overall 6 of 22
Sector: Information Technology M&A 1 of 3
Type: Secondary Buyout M&A Deals 2 of 7
State: Maine M&A 1 of 1
Country: United States M&A 5 of 16
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Harver

New York, New York, United States

Harver is a volume hiring solution designed to help innovative companies around the world hire better, faster, and in a fundamentally fair manner. Global organizations, including mcdonald’s, booking.com, valvoline, and alorica use harver to digitally transform their candidate selection process into an experience that recruiters, hiring managers, and candidates love. Harver is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Aucerna

Calgary, Alberta, Canada

Aucerna is a provider of solutions for integrated planning, execution, and reserves in the energy industry. Aucerna is a global source of technology and expertise, serving more than 500 customers from 12 global offices including Calgary, Houston, London, and Singapore. Aucerna serves the energy industry’s largest base of customers, from super-majors and emerging operators to energy investors, consultants, and educational institutions. Aucerna is based in Calgary, Alberta.

Buy -

Seller(S) 2

SELLER

Arrowroot Capital

Marina Del Rey, California, United States

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Arrowroot Capital is a private investment group focused on making growth capital investments in software-as-a-service and internet-based companies. The Firm looks to invest $5 to $25 million per transaction to support growth initiatives, liquidity for founders/investors, or acquisitions. Prospective companies are generally are b2b, offering mission-critical services. Arrowroot was formed in 2014 and is based in Marina Del Rey, California.


DEAL STATS #
Overall 1 of 12
Sector: Information Technology M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Maine M&A 1 of 1
Country: United States M&A 1 of 12
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-11 Agilence

Mount Laurel, New Jersey, United States

Agilence is a provider of cloud-based data analytics solutions for retail and food & beverage organizations. Agilence was founded in 2006 and is based in Mount Laurel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Evergage

Somerville, Massachusetts, United States

Evergage, Inc. is a cloud-based platform delivers real-time personalization to more than 500 million Web visitors, improving demand generation, revenue growth and customer success for over 120 organizations, including Gardener's Supply Company, Intuit, Publishers Clearing House, Rue La La, Tivo and Travelzoo.

Buy -
SELLER

Cordjia Private Equity

Wilmington, Delaware, United States

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Cordjia Private Equity (CPE) is the private equity arm of investment group Cordjia, LLC. CPE looks to invest in established companies with strong brands and technology, proven management in place, delivering a product that has been market tested. Target sectors include technology, financial services, real estate, and environmental services. The Firm's preferred investment range is $1 to $10 million. Cordjia Private Equity is based in Wilmington, Delaware.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Maine M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 4tell Solutions

Portland, Maine, United States

4tell Solutions is a developer of technology that optimizes the financial, energy, environmental, security and social performance of real estate portfolios and infrastructure assets. 4tell Solutions was founded in 2009 and is based in Portland, Maine.

Buy -