M&A Deal Summary

Summit Partners Acquires Fracture

On May 1, 2021, growth capital firm Summit Partners acquired consumer products company Fracture

Acquisition Highlights
  • This is Summit Partners’ 10th transaction in the Consumer Products sector.
  • This is Summit Partners’ 303rd transaction in the United States.
  • This is Summit Partners’ 22nd transaction in Florida.

M&A Deal Summary

Date 2021-05-01
Target Fracture
Sector Consumer Products
Buyer(s) Summit Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Fracture

Gainesville, Florida, United States
Fracture is a direct-to-consumer (“DTC”) designer and manufacturer of wall art printed directly on glass. The company creates affordable and sustainable products that allows anyone to print photos on simple pieces of glass and easily hang them in their living spaces. Fracture was founded in 2009 and is based in Gainesville, Florida.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 361 of 387
Sector (Consumer Products) 10 of 11
Type (Buyout (LBO, MBO, MBI)) 79 of 80
State (Florida) 22 of 25
Country (United States) 303 of 320
Year (2021) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-30 Darktrace

Cambridge, United Kingdom

Darktrace is a provider of cyber defense software that helps enterprises and government bodies protect themselves against advanced attacks and data compromises from within the network. Darktrace's approach allows enterprises to protect their information and intellectual property from state sponsored, criminal groups or malicious employees whom are already inside the networks of every critical infrastructure company. Darktrace combines decades of government cyber threat expertise with world-leading University of Cambridge mathematicians, and software engineers who have experience deploying the largest, most sensitive software. Darktrace was incorporated in 2013 and is based in Cambridge, the United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 ReCharge

Los Angeles, California, United States

ReCharge is a provider of subscription management software for e-commerce. Since 2014, merchants of all sizes have used ReCharge's billing and payment management solutions to grow their business by increasing customer lifetime value and reducing customer churn. Today, ReCharge powers subscriptions for nearly 20 million subscribers across 15,000 merchants, including fast-growing brands such as Billie, LOLA, and Hubble. ReCharge was founded in 2014 and is based in Los Angeles, California.

Buy -