M&A Deal Summary

SilverTree Equity Acquires Thesis

On February 2, 2023, private equity firm SilverTree Equity acquired internet software and services company Thesis from Advent International

Acquisition Highlights
  • This is SilverTree Equity’s 4th transaction in the Internet Software and Services sector.
  • This is SilverTree Equity’s 1st transaction in the United States.
  • This is SilverTree Equity’s 1st transaction in Missouri.

M&A Deal Summary
Date 2023-02-02
Target Thesis
Sector Internet Software and Services
Buyer(s) SilverTree Equity
Sellers(s) Advent International
Deal Type Secondary Buyout

Target

Thesis

Chesterfield, Missouri, United States
Thesis is a provider of cloud-based, next generation university administration software that offers student information management solutions for higher education institutions in the UK, Canada and the US, focusing on the use of best-practice standards, automation, and process simplification to free faculty and staff from administrative work so they can concentrate on their core mission. Thesis was founded in 2021 and is based in Chesterfield, Missouri.

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Buyer(S) 1

Buyer

SilverTree Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Focused
DESCRIPTION

SilverTree Equity is a tech focused private equity firm focused on investing in software, technology, and technology-enabled services companies. The Firm looks to commit €5 to €40 million in lower middle-market businesses with €5 to €120 million in revenue. Prospective transaction situations include buyouts, divestitures, consolidations, growth capital financings, special situations, and take privates. SilverTree Equity was formed in 2018 and is headquartered in London.

DEAL STATS #
Overall 6 of 6
Sector (Internet Software and Services) 4 of 4
Type (Secondary Buyout) 3 of 3
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 XTEL Group

Casalecchio di Reno, Italy

XTEL Group is a provider of trade promotion management and optimization software and services to the consumer-packaged goods (CPG) industry. XTEL Group is based in Casalecchio di Reno, Italy.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 211 of 222
Sector (Internet Software and Services) 8 of 9
Type (Secondary Buyout) 53 of 58
State (Missouri) 2 of 3
Country (United States) 75 of 79
Year (2023) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-26 Suven Pharma

Hyderabad, India

Suven Pharma is a biopharmaceutical company that develops, manufactures, and sells new chemical entity-based intermediates, active pharmaceutical ingredients, specialty chemicals, and formulated drugs under contract research and manufacturing services for pharmaceutical, biotechnology, and chemical companies. Suven Pharma was formed in 2018 and is based in Hyderabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Quala

Tampa, Florida, United States

Quala is a provider of tank cleaning services to the bulk transportation industry. Quala operates strategically located tank wash facilities across the US. Quala was founded in 1986 and is based in Tampa, Florida.

Sell -
Mergr

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