M&A Deal Summary

Rubicon Technology Partners Acquires CollegeNET

On March 4, 2025, private equity firm Rubicon Technology Partners acquired internet software and services company CollegeNET from Peak Rock Capital

Acquisition Highlights
  • This is Rubicon Technology Partners’ 7th transaction in the Internet Software and Services sector.
  • This is Rubicon Technology Partners’ 16th transaction in the United States.
  • This is Rubicon Technology Partners’ 1st transaction in Oregon.

M&A Deal Summary

Date 2025-03-04
Target CollegeNET
Sector Internet Software and Services
Buyer(s) Rubicon Technology Partners
Sellers(s) Peak Rock Capital
Deal Type Secondary Buyout

Target

CollegeNET

Portland, Oregon, United States
CollegeNET is a developer of products for higher education, including the world’s first automated classroom scheduling system and the first patented system for serving institution-branded web-based admissions forms. CollegeNET was founded in 1979 and is based in Portland, Oregon.

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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 22 of 22
Sector: Internet Software and Services M&A 7 of 7
Type: Secondary Buyout M&A Deals 7 of 7
State: Oregon M&A 1 of 1
Country: United States M&A 16 of 16
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-21 Ascend Analytics

Boulder, Colorado, United States

Ascend Analytics offers advanced software and consulting services that capture the evolving and real-time dynamics of energy markets. Ascend Analytics was founded in 2002 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-28 Uptempo

Karlsruhe, Germany

Uptempo is a marketing planning software that helps teams gain visibility into the business impact of marketing programs, higher campaign velocity, and true marketing agility. The company does this by integrating campaign planning, marketing, financial management, and work management, so teams can plan better, pivot faster, spend smarter, and execute with confidence. Uptempo was founded in 1999 and is based in Karlsruhe, Germany.

Sell -

Seller(S) 1

SELLER

Peak Rock Capital

Austin, Texas, United States

Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Peak Rock Capital is a generalist private equity firm that makes debt and equity investments in middle-market companies. The Firm targets businesses with $50 million to $1 billion in revenue and can commit up to $500 million per transaction. Sectors of interest include business services, consumer products, distribution, energy services, healthcare, industrials, manufacturing, media, and metals. Peak Rock will consider a variety of transaction situations - from leveraged buyouts and recapitalizations to special situations. Peak Rock is based in Austin, Texas.


DEAL STATS #
Overall 20 of 23
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 9
State: Oregon M&A 1 of 1
Country: United States M&A 18 of 21
Year: 2025 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-03 BrightStar Care

Gurnee, Illinois, United States

BrightStar Care is a home care and medical staffing franchise that provides medical and non-medical services to clients within their homes and supplemental care staff to corporate clients. BrightStar Care was founded in 2002 and is based in Gurnee, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-25 Delta Financial Group

Clearwater, Florida, United States

Delta Financial Group is an independent equipment finance platform that finances business-critical equipment across a wide range of industries and asset classes. The company was formed by a team of industry professionals and military veterans with a strong track record and network in both equipment finance and commercial lending. Delta Financial Group was founded in 1963 and is based in Clearwater, Florida.

Sell -