M&A Deal Summary

Sohonet Acquires 5th Kind

On March 21, 2023, Sohonet acquired software company 5th Kind from HCAP Partners

Acquisition Highlights
  • This is Sohonet’s 1st transaction in the Software sector.
  • This is Sohonet’s 2nd transaction in the United States.
  • This is Sohonet’s 1st transaction in California.

M&A Deal Summary

Date 2023-03-21
Target 5th Kind
Sector Software
Buyer(s) Sohonet
Sellers(s) HCAP Partners
Deal Type Add-on Acquisition
Advisor(s) MediaBridge Capital Advisors (Financial)

Target

5th Kind

Los Angeles, California, United States
5th Kind is a developer of workflow management software that supports remote workflows, digital collaboration, and media/digital asset management needs. 5th Kind’s solutions are designed to maximize the potential of digital collaboration for enterprise-scale businesses and are used by the world’s most innovative entertainment companies and consumer brands. 5th Kind is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Sohonet

London, United Kingdom

Category Company
Founded 1995
Sector Information Technology
DESCRIPTION

Sohonet is a provider of connectivity, collaboration software, media service, network security, and data workflow management for the media, film studios, post-production houses, and distribution platforms. Sohonet was founded in 1995 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-15 Exchange Communications

Albuquerque , New Mexico, United States

Exchange Communications, Inc. is a provider of IT services for film and television productions for over 20 years. From production and warehouse setups to full connectivity in the middle of the ocean, they keep clients connected and in touch with their products and with the outside world. Exchange Communications is based in Albuquerque, New York.

Buy -

Seller(S) 1

SELLER

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 670M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $5 to $35 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.


DEAL STATS #
Overall 34 of 36
Sector: Software M&A 3 of 4
Type: Add-on Acquisition M&A Deals 17 of 19
State: California M&A 23 of 23
Country: United States M&A 34 of 36
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-14 Xevant

Lehi, Utah, United States

Xevant’s revolutionary pharmacy benefits platform infuses real-time automation and alerts throughout the data analysis process accelerating and simplifying the painstaking task of report building for PBMs, TPAs, Health Plans, Brokers, and Consultants. With Xevant, critical pharmacy analysis that took weeks, months or more can now be done instantly. Xevant was founded in 2016 and is based in Lehi, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Paciv

San Juan, Puerto Rico

Paciv provides unparalleled control systems, instrumentation, and regulatory compliance services to the biotechnology, pharmaceutical, medical device, water / wastewater, food and beverage, energy, and other process industries in a cost-effective manner. Paciv was founded in 1997 and is based in San Juan, Puerto Rico.

Buy -