M&A Deal Summary

Sumeru Equity Partners Acquires Q4

On November 13, 2023, private equity firm Sumeru Equity Partners acquired internet software and services company Q4 for 257M USD

Acquisition Highlights
  • This is Sumeru Equity Partners’ 13th transaction in the Internet Software and Services sector.
  • This is Sumeru Equity Partners’ 3rd largest (disclosed) transaction.
  • This is Sumeru Equity Partners’ 2nd transaction in Canada.
  • This is Sumeru Equity Partners’ 2nd transaction in Ontario.

M&A Deal Summary

Date 2023-11-13
Target Q4
Sector Internet Software and Services
Buyer(s) Sumeru Equity Partners
Deal Type Going Private
Deal Value 257M USD
Advisor(s) Osler
Dorsey & Whitney
Stikeman Elliott (Legal)

Target

Q4

Toronto, Ontario, Canada
Q4 is a provider of cloud-based Investor Relations (IR) websites and apps on all screens - desktop, tablet and smartphones. Q4 was founded in 2005 and is based in Toronto, Ontario.

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Buyer(S) 1

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 $25 and $200 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 22 of 22
Sector (Internet Software and Services) 13 of 13
Type (Going Private) 3 of 3
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Snow Software

Solna, Sweden

Snow Software is a provider of software asset management ("SAM") solutions. The company's products help both private and public sector organizations in managing their software spend. Snow's solutions further enable IT departments to free up valuable time through automating a number of time-consuming tasks and optimize returns on new software investments. Snow Software was founded in 1997 and is based in Solna, Sweden.

Sell -