Investment Summary |
|
|---|---|
| Date | 2023-07-06 |
| Target | Paperspace |
| Sector | Internet Software and Services |
| Investor(s) | DigitalOcean |
| Sellers(s) | Sorenson Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 111M USD |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 2012 |
| Sector | Internet Software and Services |
| Employees | 1,210 |
| Revenue | 781M USD (2024) |
DigitalOcean simplifies cloud computing so developers and businesses can spend more time building software that changes the world. With its mission-critical infrastructure and fully managed offerings, DigitalOcean helps developers, startups and small and medium-sized businesses (SMBs) rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. DigitalOcean was founded in 2012 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector: Internet Software and Services M&A | 3 of 3 |
| Type: Add-on Acquisition M&A Deals | 3 of 3 |
| State: New York M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2023 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-23 |
Cloudways
St. Julians, Malta Cloudways is a managed cloud hosting and software as a service (SaaS) provider for SMBs. Cloudways is based in St. Julians, Malta. |
Buy | $350M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Sorenson Capital is a private equity firm that seeks to support buyout and growth capital financings of lower middle-market companies. Sorenson invests across a broad range of industries and generally pursues companies with significant market share, high barriers to entry, fragmented industry competition, motivated managment, and sustainable pricing and profit margins. Target businesses typically have sales of $30 to $300 million with earnings of $3 to $25 million. Sorenson's geographic preference is for opportunities in the Mountain West and West Coast regions of the US. Sorenson raised its inaugural fund in 2004 and is based in Lehi, Utah.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 30 |
| Sector: Internet Software and Services M&A | 7 of 7 |
| Type: Add-on Acquisition M&A Deals | 16 of 16 |
| State: New York M&A | 1 of 1 |
| Country: United States M&A | 29 of 29 |
| Year: 2023 M&A | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-18 |
Wilson Electronics
St. George, Utah, United States Wilson Electronics is a wireless communications company focused on designing and manufacturing high-performance cell phone signal boosters. The company's cellular signal boosters overcome the problem of dropped calls, limited range and reduced data rates for cell phones and data cards by amplifying weak cellular signals. It's powerful bidirectional cellular amplifiers provide the highest receiver sensitivity in the industry and protect cell sites by preventing oscillation and overload. Wilson Electronics was formed in 1966 and is based in St. George, Utah. |
Sell | - |
