Investment Summary

Sagewind Capital and Audax Private Debt Invest In Voyatek

On November 1, 2017, private equity firm Sagewind Capital and mezzanine finance firm Audax Private Debt invested in information technology company Voyatek

Investment Highlights
  • This is Sagewind Capital’s 2nd and Audax Private Debt’s 3rd transaction in the Information Technology sector.
  • This is Sagewind Capital’s 3rd and Audax Private Debt’s 54th transaction in the United States.
  • This is Sagewind Capital’s 2nd and Audax Private Debt’s 4th transaction in Maryland.

Investment Summary

Date 2017-11-01
Target Voyatek
Sector Information Technology
Investor(s) Sagewind Capital
Audax Private Debt
Deal Type Growth Capital

Target

Voyatek

Columbia, Maryland, United States
Voyatek provides technology solutions to the public sector, with a focus on modernizing and consolidating legacy IT systems in the public health, human services, public safety, licensing and permitting, and cyber security markets. Voyatek was founded in 2005 and is based in Columbia, Maryland.

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Investor(S) 2

DESCRIPTION

Sagewind Capital is a private equity firm focused on control and co-control investments in companies that have strong management teams in the government, defense, IT, software, business services, and healthcare services. The Firm looks to invest long-term (7 to 10 years) and generally pursues profitable companies with $20 to $250 million of revenue. Sagewind Capital was established in 2015 and is headquartered in New York City.


DEAL STATS #
Overall 4 of 10
Sector: Information Technology M&A 2 of 5
Type: Growth Capital M&A Deals 1 of 4
State: Maryland M&A 2 of 2
Country: United States M&A 3 of 9
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 By Light

McLean, Virginia, United States

By Light is a provider of IT, cloud, cyber and infrastructure solutions to the US Federal Government. It provides services primarily to the department of defense, veterans affairs, defense information systems agency, and the intelligence community. By Light was founded in 2002 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Skience

Herndon, Virginia, United States

Skience is a software and services company serving the wealth management industry. It provides a cloud-based product to the wealth management industry, including broker-dealers and registered investment advisors. Skience was founded in 2001 and is based in Herndon, Virginia.

Buy -
Investor

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 55 of 120
Sector: Information Technology M&A 3 of 9
Type: Growth Capital M&A Deals 6 of 18
State: Maryland M&A 4 of 5
Country: United States M&A 54 of 118
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Rocore

Indianapolis, Indiana, United States

Rocore is a designer and manufacturer of heat exchangers and related equipment used to cool air, water, or oil for a variety of applications. Rocore maintains five operating facilities in the USA & one outside the USA, plus multiple sales offices. Rocore supplies a wide variety of heat exchange solutions, products and services into its identified end market segments. Rocore was founded in 1984 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Chesapeake IRB

Columbia, Maryland, United States

Chesapeake Research Review, Inc. is a provider of independent IRB services for pharmaceutical companies, universities, individual researchers, academic medical centers, and community hospitals. Chesapeake Research Review was formed in 1993 and is based in Columbia, Maryland.

Sell -