M&A Deal Summary

STG Acquires Fishbowl

On January 27, 2017, private equity firm STG acquired internet software and services company Fishbowl from Valhalla Partners and Escalate Capital

Acquisition Highlights
  • This is STG’s 4th transaction in the Internet Software and Services sector.
  • This is STG’s 21st transaction in the United States.
  • This is STG’s 1st transaction in Virginia.

M&A Deal Summary

Date 2017-01-27
Target Fishbowl
Sector Internet Software and Services
Buyer(s) STG
Sellers(s) Valhalla Partners
Escalate Capital
Deal Type Secondary Buyout
Advisor(s) Canaccord Genuity (Financial)

Target

Fishbowl

Alexandria, Virginia, United States
Fishbowl is a provider of online marketing software and services to the restaurant industry. Fishbowl was founded in 2000 and is based in Alexandria, Virginia.

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Buyer(S) 1

Buyer

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.


DEAL STATS #
Overall 33 of 63
Sector (Internet Software and Services) 4 of 10
Type (Secondary Buyout) 4 of 11
State (Virginia) 1 of 1
Country (United States) 21 of 47
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Bond International Software

Goring-by-Sea, United Kingdom

Bond International Software is a global provider of Staffing and Recruitment software with over 40 years of recruitment industry experience. Headquartered in the United Kingdom, with offices in the United States, Australia, Japan, Singapore, China and Hong Kong, Bond has consistently achieved financial growth and maximised investment in the development of technology, services and support provided to its international client base.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 MSC Software

Newport Beach, California, United States

MSC Software Corp. is a provider of enterprise simulation solutions, including simulation software and services. MSC Software Corp. was established in 1963 and is headquartered in Newport Beach, California.

Sell $834M

Seller(S) 2

SELLER

Valhalla Partners

Vienna, Virginia, United States

Investor Investor Investor


Category Venture Capital Firm
Founded 2002
PE ASSETS 440M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Valhalla Partners is a private equity and venture capital firm focused primarily on providing capital to technology companies in the Mid-Atlantic US. Valhalla will invest at all company stages, including early-stage needs as well as more mature company situations such as divestitures. Sub-sectors of tech Valhalla will consider include software, internet, digital media, mobile, and data storage. Valhalla Partners was formed in 2002 and is based in Vienna, Virginia.


DEAL STATS #
Overall 27 of 33
Sector (Internet Software and Services) 4 of 7
Type (Secondary Buyout) 5 of 6
State (Virginia) 8 of 9
Country (United States) 27 of 33
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Exadigm

Santa Ana, California, United States

ExaDigm is the leading innovator of modular IP-based wired and wireless point-of-sale (POS) terminal solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 GetWellNetwork

Bethesda, Maryland, United States

GetWellNetwork, Inc. is a provider of patient engagement solutions that help health care providers engage, educate and empower patients along the care continuum. Our patient-centered platform, delivered across multiple technology platforms including mobile devices, computers and televisions, enables providers to implement a revolutionary care delivery model called Interactive Patient Care™ to improve performance and patient outcomes. The company further extends the value of existing IT investments by integrating seamlessly with electronic medical record and patient portal applications.

Sell -
SELLER

Escalate Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 830M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Escalate Capital Partners is a private investment firm focused on providing capital to expansion and late-stage companies. The Firm focuses its investment activity within the technology, life sciences, and service-based industries. Prospective financing solutions include senior, subordinated and mezzanine debt. Escalate's target investment size is $5 to $30 million. Escalate Capital Partners has offices in Menlo Park, California and Austin, Texas.


DEAL STATS #
Overall 21 of 37
Sector (Internet Software and Services) 4 of 9
Type (Secondary Buyout) 2 of 3
State (Virginia) 1 of 1
Country (United States) 21 of 37
Year (2017) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Healthx

Indianapolis, Indiana, United States

Healthx is a provider of Internet-enabled healthcare claims information to middle-market employers and their employees, small insurance brokers and third-party administrators. The Company's system creates a dynamic, customizable and cost-effective environment that accelerates the exchange of vital information used in the purchase of and payment for healthcare services via the Internet.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Oblong

Denver, Colorado, United States

Oblong is a provider of cloud-based video collaboration services, network services, and business-class support services. The Company provides customers with a tailored mix of these services to fit each customer's needs. More than 1,000 different organizations in 96 countries use Glowpoint services to collaborate with colleagues, business partners, and customers more effectively. Oblong was founded in 2000 and is based in Denver, Colorado.

Sell -