M&A Deal Summary

Rubicon Technology Partners Acquires ABOUT Healthcare

On June 2, 2020, private equity firm Rubicon Technology Partners acquired internet software and services company ABOUT Healthcare from Mercato Partners

Acquisition Highlights
  • This is Rubicon Technology Partners’ 4th transaction in the Internet Software and Services sector.
  • This is Rubicon Technology Partners’ 11th transaction in the United States.
  • This is Rubicon Technology Partners’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2020-06-02
Target ABOUT Healthcare
Sector Internet Software and Services
Buyer(s) Rubicon Technology Partners
Sellers(s) Mercato Partners
Deal Type Secondary Buyout

Target

ABOUT Healthcare

St. Paul, Minnesota, United States
ABOUT Healthcare is a provider of SaaS-based hospital operations solutions for admission management and post-acute placement. ABOUT Healthcare was formed in 2005 and is based in St. Paul, Minnesota.

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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 16 of 21
Sector (Internet Software and Services) 4 of 6
Type (Secondary Buyout) 5 of 6
State (Minnesota) 1 of 1
Country (United States) 11 of 15
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Cin7

Denver, Colorado, United States

Cin7's inventory and order management platform connects more than 550 eCommerce platforms, online marketplaces, 3PL warehouses, and native EDIs in one solution, helping retailers and product sellers quickly and efficiently get their products to customers wherever they are, from any channel. Cin7 was founded in 2011 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Uplight

Boulder, Colorado, United States

Uplight is a provider of energy management software, hardware, and services for consumers and utility companies. Uplight data analytics on more than 123 million homes creates new business opportunities for any product or service provider connected to the home. Today, this includes electric and gas utilities, and energy retailers. Built over more than a decade, the Tendril Platform delivers real-time, ever-evolving data about the home and how people use energy in it. These rich insights help our customers improve customer acquisition, increase engagement and orchestrate home energy experiences. Uplight was founded in 2004 and is based in Boulder, Colorado.

Sell -

Seller(S) 1

SELLER

Mercato Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Mercato Partners is a private equity firm focused on later stage growth capital financings. Mercato generally targets minority investments in high growth technology and consumer businesses with $5 to $50 million in annual sales. The Firm looks for profitable, US-based companies where additional capital can help continue expansion opportunities. Mercato Partners is based in Salt Lake City, Utah.


DEAL STATS #
Overall 9 of 12
Sector (Internet Software and Services) 2 of 3
Type (Secondary Buyout) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 8 of 11
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 Summersalt

Saint Louis, Missouri, United States

Summersalt is a direct-to-consumer swimwear brand, expanded even further into the apparel market with cashmere sweaters, joggers and jackets. Summersalt was launched in 2017 and is based in Saint Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-18 CradlePoint

Boise, Idaho, United States

Founded in 2006, Cradlepoint provides wireless WAN solutions that deliver enterprise-grade connectivity. In addition to the company headquarters in Boise, Idaho, USA, the company operates a research and development center in Silicon Valley, California, and new market offices in the United Kingdom and Australia.

Sell $1.1B