Investment Summary

Silversmith Capital Partners, Thoma Bravo and First Eagle Invest In Apryse

On May 16, 2019, growth capital firm Silversmith Capital Partners, private equity firm Thoma Bravo and First Eagle invested in software company Apryse

Investment Highlights
  • This is Silversmith Capital Partners’ 8th, Thoma Bravo’s 37th and First Eagle’s 1st transaction in the Software sector.
  • This is Silversmith Capital Partners’ 2nd, Thoma Bravo’s 5th and First Eagle’s 1st transaction in Canada.
  • This is Silversmith Capital Partners’ 1st, Thoma Bravo’s 1st and First Eagle’s 1st transaction in British Columbia.

Investment Summary

Date 2019-05-16
Target Apryse
Sector Software
Investor(s) Silversmith Capital Partners
Thoma Bravo
First Eagle
Deal Type Growth Capital
Advisor(s) Deloitte (Financial)
Fasken Martineau DuMoulin
Perkins Coie (Legal)

Target

Apryse

Vancouver, British Columbia, Canada
Apryse provides a software development kit that enables document processing, conversion, and collaboration by enterprise customers in a range of industries. Apryse was founded in 1998 and is based in Denver, Colorado.

Search 200,388 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

Investor(S) 3

Investor
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $125 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 21 of 38
Sector (Software) 8 of 15
Type (Growth Capital) 13 of 23
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-15 Panalgo

Boston, Massachusetts, United States

Panalgo provides software that streamlines healthcare data analytics by removing complex programming from the equation. Panalgo Instant Health Data (IHD) software empowers teams to generate and share trustworthy results faster, enabling more impactful decisions. Panalgo was established in 1996 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-13 Digital Map Products

Irvine, California, United States

Digital Map Products, Inc. is a provider of cloud-based location technology and content solutions that bring the power of spatial technology to mainstream business, government and consumer users. SpatialStream, the company’s spatial development platform enables API access to mapping technology and location data sets. Its SmartParcels nationwide parcel and property data sets provide unparalleled location context, accuracy and interactivity. The company’s SaaS products include LandVision for real estate and GovClarity for local government.

Sell -
Investor

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 82 of 139
Sector (Software) 37 of 59
Type (Growth Capital) 7 of 17
State (British Columbia) 1 of 1
Country (Canada) 5 of 8
Year (2019) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-15 PEC Safety Operations

Mandeville, Louisiana, United States

PEC Safety Operations LLC is a technology and training company focused on providing technology-enabled contractor management service for reporting and measuring contractor risk, safety and compliance information to owner clients (operators). PEC Safety was formed in 1993 and is based in Mandeville, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 Cority

Toronto, Ontario, Canada

Cority provides organizations to utilize EHSQ software to advance their journey to sustainability and operational excellence by combining the deepest domain expertise with the most comprehensive and secure true SaaS platform. Cority was founded in 1985 and is based in Toronto, Ontario.

Buy -
Investor

First Eagle

Boston, Massachusetts, United States

Category Company
Sector Financial Services
Revenue 24M USD (2021)
DESCRIPTION

First Eagle is an alternative credit investment manager for both direct lending and tradable credit investments through public and private vehicles, commingled funds including collateralized loan obligations, and separately managed accounts. First Eagle is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 4
Sector (Software) 1 of 1
Type (Growth Capital) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-20 Legacy Supply Chain

Reno, Nevada, United States

Legacy Supply Chain is a dedicated logistics partner to clients across the U.S. and Canada. Legacy provides customized, high-service 3PL solutions including warehousing & distribution, e-commerce fulfillment, transportation brokerage, and dedicated fleet. Legacy specializes in solving complex logistics challenges for clients with dynamic supply chains - including retailers, manufacturers of consumer and industrial goods, and distributors & wholesalers. Legacy Supply Chain was founded in 1983 and is based in Reno, Nevada.

Sell -