Investment Summary

Spring Capital Partners, Adams Street Partners, Sumeru Equity Partners and Claritas Capital Invest In Cybera

On January 11, 2006, mezzanine finance firm Spring Capital Partners, asset manager Adams Street Partners, private equity firm Sumeru Equity Partners and private equity firm Claritas Capital invested in internet software and services company Cybera

Investment Highlights
  • This is Spring Capital Partners’ 1st, Adams Street Partners’ 4th, Sumeru Equity Partners’ 1st and Claritas Capital’s 1st transaction in the Internet Software and Services sector.
  • This is Spring Capital Partners’ 8th, Adams Street Partners’ 24th, Sumeru Equity Partners’ 1st and Claritas Capital’s 1st transaction in the United States.
  • This is Spring Capital Partners’ 1st, Adams Street Partners’ 1st, Sumeru Equity Partners’ 1st and Claritas Capital’s 1st transaction in Tennessee.
Investment Fate
  • Cybera was sold to a strategic buyer in 2020.

Investment Summary

Date 2006-01-11
Target Cybera
Sector Internet Software and Services
Investor(s) Spring Capital Partners
Adams Street Partners
Sumeru Equity Partners
Claritas Capital
Deal Type Venture

Target

Cybera

Franklin, Tennessee, United States
Cybera is a provider of security as a service virtual application networks to enterprises. Cybera solves the networking and security needs of highly distributed enterprises. Cybera was founded in 2001 and is based in Franklin, Tennessee.

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Investor(S) 4

Investor

Spring Capital Partners

Lutherville, Maryland, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.


DEAL STATS #
Overall 8 of 46
Sector: Internet Software and Services M&A 1 of 3
Type: Venture M&A Deals 3 of 4
State: Tennessee M&A 1 of 1
Country: United States M&A 8 of 46
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-15 Keystone Helicopter Holdings

Coatesville, Pennsylvania, United States

Keystone is one of the oldest commercial helicopter service providers in the eastern US. The Company's offerings include flight, technical and engineering services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-28 Mathsoft Engineering & Education

Needham, Massachusetts, United States

Mathsoft is a provider of interactive math, science and engineering software products and content.

Sell $63M
Investor

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 26 of 152
Sector: Internet Software and Services M&A 4 of 32
Type: Venture M&A Deals 17 of 102
State: Tennessee M&A 1 of 1
Country: United States M&A 24 of 140
Year: 2006 M&A 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-10 GlobeImmune

Louisville, Colorado, United States

GlobeImmune is a biopharmaceutical company that focuses on developing products for the treatment of cancer and infectious diseases based on its proprietary Tarmogen platform. GlobeImmune was founded in 1995 and is headquartered in Louisville, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Criteo

Paris, France

Criteo is an online display ad retargeting company. Criteo was founded in 2005 and is based in Paris, France.

Buy -
DESCRIPTION

Sumeru Equity Partners, Inc. is a technology-focused private equity firm that makes investments in mid-market software, technology enabled services, and hardware companies with a focus on growth. Sumeru Equity Partners typically invests between $50 and $250 million in companies with revenues greater than $10 million. Sumeru Equity Partners was formed in 2014 and is based in Foster City, California.


DEAL STATS #
Overall 1 of 24
Sector: Internet Software and Services M&A 1 of 14
Type: Venture M&A Deals 1 of 2
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 16
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-28 Mercury Healthcare

Denver, Colorado, United States

Mercury Healthcare is a technology and data analytics company that empowers healthcare organizations to engage consumers and optimize provider relationships to accelerate growth. Mercury Healthcare was founded in 1998 and is based in Denver, Colorado.

Buy $294M
DESCRIPTION

Claritas Capital is a private investment group focused on direct company and real estate investing. The Firm's equity group looks to partner with management in pursuit of healthcare, business services, and technology platform investments. Claritas does not have any company stage preferences and generally seeks to invest $2 to $5 million per transaction. The Firm's real estate group seeks to provide mezzanine debt and equity to retail, commercial, and multi-family properties. Claritas Capital was formed in 2002 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 1 of 27
Sector: Internet Software and Services M&A 1 of 6
Type: Venture M&A Deals 1 of 17
State: Tennessee M&A 1 of 14
Country: United States M&A 1 of 27
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-14 StudioNow

Nashville, Tennessee, United States

StudioNow is a video production company by developing a technology platform for marketers and agencies, internal studios, procurement departments, etc. It also offers a Production Marketplace. StudioNow was founded in 2007 and is based in Nashville, Tennessee.

Buy -