M&A Deal Summary

Rubicon Technology Partners Acquires Aline

On October 27, 2022, private equity firm Rubicon Technology Partners acquired software company Aline from Five Elms Capital

Acquisition Highlights
  • This is Rubicon Technology Partners’ 12th transaction in the Software sector.
  • This is Rubicon Technology Partners’ 13th transaction in the United States.
  • This is Rubicon Technology Partners’ 1st transaction in Kentucky.

M&A Deal Summary

Date 2022-10-27
Target Aline
Sector Software
Buyer(s) Rubicon Technology Partners
Sellers(s) Five Elms Capital
Deal Type Secondary Buyout

Target

Aline

Louisville, Kentucky, United States
Aline is a provider of CRM solutions for the senior living industry. Aline was founded in 2011 and is based in Louisville, Kentucky.

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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 18 of 21
Sector (Software) 12 of 12
Type (Secondary Buyout) 6 of 6
State (Kentucky) 1 of 1
Country (United States) 13 of 15
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 QSR International

Doncaster, Australia

QSR International empowers educators, researchers and data analysts to uncover rich insights to address large-scale problems, improve research productivity and knowledge management, and help prepare students for a rapidly changing world. QSR International is based in Doncaster, Victoria.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-13 Vimly Benefit Solutions

Mukilteo, Washington, United States

Vimly Benefit Solutions provides an HRIS SaaS platform that delivers a digital quote-to-card experience for carriers, third-party administrators, general agents, brokers, employers, and employees. Vimly Benefit Solutions was founded in 1993 and is based in Mukilteo, Washington.

Buy -

Seller(S) 1

SELLER

Five Elms Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Elms Capital is a private investment firm focused on investing $5 to $75 million in bootstrapped business services companies with $2 to $20 million in rev enue. The Firm will consider providing growth capital or to support shareholder liquidity needs. Five Elms Capital was formed in 2006 and is based in Kansas City, Missouri.


DEAL STATS #
Overall 17 of 17
Sector (Software) 5 of 5
Type (Secondary Buyout) 2 of 2
State (Kentucky) 1 of 1
Country (United States) 14 of 14
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Outfit

Brisbane, Australia

Outfit is a provider of enterprise brand management solutions. Outfit allows amplifying the power of brands through automated marketing production. Outfit was founded in 2015 and is based in Brisbane, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-27 Practice Better

Toronto, Ontario, Canada

Practice Better is an all-in-one practice management software solution transforming how health & wellness professionals run their practices and support their clients. The company serves 10,000+ customers in over 70+ countries across the globe, and processes hundreds of millions annually in payments on behalf of customers. In addition to supporting thousands of nutrition-focused practitioners and coaches, Practice Better has seen incredible adoption from other verticals within the health and wellness space including naturopathic doctors, chiropractors, mental health therapists, and other wellness professionals. Its platform empowers wellness professionals to streamline admin work, engage clients, and scale their practices beyond the traditional 1:1 model. Practice Better is a based in Toronto, Ontario.

Buy -