Investment Summary

Stripes Invests In MyWebGrocer

On August 10, 2009, growth capital firm Stripes invested in internet software and services company MyWebGrocer

Investment Highlights
  • This is Stripes’ 2nd transaction in the Internet Software and Services sector.
  • This is Stripes’ 8th transaction in the United States.
  • This is Stripes’ 1st transaction in Vermont.
Investment Fate
  • MyWebGrocer was sold to a consortium of financial buyers in 2013.
  • MyWebGrocer was sold to a strategic buyer in 2018.

Investment Summary

Date 2009-08-10
Target MyWebGrocer
Sector Internet Software and Services
Investor(s) Stripes
Deal Type Growth Capital

Target

MyWebGrocer

Colchester, Vermont, United States
MyWebGrocer, Inc. is a software-as-a-service company providing online commerce, communications and digital media services to grocery store chains and consumer packaged goods companies. MyWebGrocer, Inc. was founded in 1999 and is based in Colchester, Vermont.

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Investor(S) 1

Investor

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.


DEAL STATS #
Overall 8 of 49
Sector: Internet Software and Services M&A 2 of 15
Type: Growth Capital M&A Deals 2 of 16
State: Vermont M&A 1 of 1
Country: United States M&A 8 of 46
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 SilverSky

Morrisville, North Carolina, United States

SilverSky provides comprehensive commercial cyber security services focused on organizations with strict security and compliance requirements such as banks, credit unions and other financial institutions. The Company also has a solid presence in other security-aware markets such as healthcare and insurance. SilverSky was founded in 1997 and is based in Morrisville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-25 Sandata

Hicksville, New York, United States

Sandata is a provider of information technology solutions and services, which include scheduling, time and attendance, billing, payroll, compliance, and clinical applications, for the home healthcare industry. Sandata was founded in 1978 and is based in Hicksville, New York.

Buy -