M&A Deal Summary

Seaport Capital Acquires CyberlinkASP

On August 3, 2023, private equity firm Seaport Capital acquired software company CyberlinkASP from Staple Street Capital

Acquisition Highlights
  • This is Seaport Capital’s 4th transaction in the Software sector.
  • This is Seaport Capital’s 36th transaction in the United States.
  • This is Seaport Capital’s 3rd transaction in Texas.

M&A Deal Summary

Date 2023-08-03
Target CyberlinkASP
Sector Software
Buyer(s) Seaport Capital
Sellers(s) Staple Street Capital
Deal Type Secondary Buyout
Advisor(s) Bank Street (Financial)

Target

CyberlinkASP

Dallas, Texas, United States
CyberlinkASP is an application service provider that differs from traditional outsourcing companies by offering everything from single application delivery and help desk support to total desktop integration. CyberlinkASP was founded in 1999 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Seaport Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $40 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 38 of 38
Sector: Software M&A 4 of 4
Type: Secondary Buyout M&A Deals 3 of 3
State: Texas M&A 3 of 3
Country: United States M&A 36 of 36
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Linen King

Tulsa, Oklahoma, United States

Linen King is a provider of outsourced healthcare laundry services to hospitals and healthcare facilities across the mid-South US. Linen King was established in 1999 and is based in Tulsa, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Family Entertainment Live

Medina, Ohio, United States

Family Entertainment Live is a diversified entertainment holding company, solidifying a partnership that will bring highly sought-after family-oriented live events to audiences worldwide. The Company's live event formats include Magic of Lights, an outdoor holiday lights experience displayed at venues throughout North America, and Hot Wheels Monster Trucks Live, a Hot Wheels-themed monster truck show presented both in North America and internationally. Family Entertainment Live is headquartered in Medina, Ohio.

Sell -

Seller(S) 1

SELLER

Staple Street Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Staple Street Capital is a private equity firm focused on acquiring middle-market companies with $50 to $500 million in revenue. Staple Street looks to invest up to $125 million per transaction and will consider opportunities in the business services, chemicals, communications, media, software, consumer, retail, distribution, energy, financial services, healthcare, industrial, and manufacturing sectors. Prospective transaction situations include carve-outs, family-owned business acquisitions, recapitalizations, consolidations, take privates, and special situations. Staple Street Capital was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 4 of 5
Sector: Software M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
State: Texas M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Mid States Supply

Kansas City, Missouri, United States

Mid States Supply is a distributor of pipes, valves, and fittings serving the oil and gas, general manufacturing, food, and mechanical construction industries. Mid States also provides value-added modification services, customizing values, and other products to meet specific customer requirements. Mid States Supply was established in 1947 and is based in Kansas City, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 DVFlora

Sewell, New Jersey, United States

DVFlora is a large floral distribution and logistics company. The Company's distribution footprint and cold chain infrastructure enable next-day flower delivery for thousands of customers. DVFlora is based in Sewell, New Jersey.

Buy -