1. Home >
  2. M&A >
  3. Secondary Buyout >
  4. Canada >
  5. Alberta >
  6. Sageview Capital Acquires Drivewyze

M&A Deal Summary

Sageview Capital Acquires Drivewyze

On July 14, 2020, growth capital firm Sageview Capital acquired software company Drivewyze from Kayne Anderson Capital Advisors

Acquisition Highlights
  • This is Sageview Capital’s 7th transaction in the Software sector.
  • This is Sageview Capital’s 4th transaction in Canada.
  • This is Sageview Capital’s 2nd transaction in Alberta.
Investment Fate
  • Drivewyze was sold to a strategic buyer in 2024.

M&A Deal Summary
Date 2020-07-14
Target Drivewyze
Sector Software
Buyer(s) Sageview Capital
Sellers(s) Kayne Anderson Capital Advisors
Deal Type Secondary Buyout

Target

Drivewyze

Edmonton, Alberta, Canada
Drivewyze is a smart mobility services company for the transportation industry. Drivewyze serves commercial drivers and fleets with innovative trucking apps such as Drivewyze PreClear Bypass service. Drivewyze was founded in 2010 and is based in Edmonton, Alberta.

Search 205,905 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Sageview Capital

Palo Alto, California, United States

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2005
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sageview Capital is a private investment firm focused on minority investments in financial services, technology, and business services companies. Sageview looks to invest $20 to $100 million per transaction to support growth, provide acquisition financing, or fund shareholder liquidity needs. Target companies typically possess proven business models, strong management, opportunities for growth, and defensible market positions. Sageview Capital was formed in 2005 and has offices in Palo Alto, California and Greenwich, Connecticut.

DEAL STATS #
Overall 36 of 47
Sector (Software) 7 of 8
Type (Secondary Buyout) 1 of 1
State (Alberta) 2 of 2
Country (Canada) 4 of 4
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 Theatro Labs

Richardson, Texas, United States

Theatro Labs is a voice-driven virtual assistant that connects frontline employees to each other, to leadership, and to critical enterprise applications and IoT-enabled equipment. Theatro Labs was established in 2011 and is based in Richardson, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Reflexis Systems

Dedham, Massachusetts, United States

Reflexis Systems is a provider of real-time execution and workforce management solutions that enable retailers to drive excellence in their corporate, store, and vendor operations, improve compliance and profitability, and provide a higher quality of associate engagement with today’s increasingly demanding and knowledgeable shoppers. Reflexis Systems was founded in 2001 and is headquartered in Dedham, Massachusetts with additional offices in Atlanta, London, Germany, and India.

Sell -

Seller(S) 1

SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.

DEAL STATS #
Overall 67 of 85
Sector (Software) 5 of 7
Type (Secondary Buyout) 7 of 11
State (Alberta) 8 of 8
Country (Canada) 8 of 12
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 4C Insights

Chicago, Illinois, United States

4C Insights, Inc. is a provider of an integrated data analytics and social intelligence platform that allows advertisers to find the most valuable audiences. The 4C product suite includes activation on Facebook, Instagram, LinkedIn, Pinterest, Snapchat, and Twitter as well as TV synced ads across digital display, mobile, search, social, and video.

Sell $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-24 FreightWaves

Chattanooga, Tennessee, United States

FreightWaves is a market intelligence and data company serving the freight and logistics market through its SONAR SaaS platform that provides real-time data and analytics, its award winning digital media arm that distributes market research insights, and its community business unit that is the industry’s leading freight events platform. FreightWaves was founded in 2017 and is based in Chattanooga, Tennessee.

Buy -
Mergr

Product

Company

Legal