M&A Deal Summary

Summit Partners Acquires Sifted

On October 27, 2020, growth capital firm Summit Partners acquired internet software and services company Sifted

Acquisition Highlights
  • This is Summit Partners’ 40th transaction in the Internet Software and Services sector.
  • This is Summit Partners’ 297th transaction in the United States.
  • This is Summit Partners’ 5th transaction in Missouri.

M&A Deal Summary
Date 2020-10-27
Target Sifted
Sector Internet Software and Services
Buyer(s) Summit Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Sifted

Kansas City, Missouri, United States
Sifted is a logistics data science platform that helps shippers save money by optimizing business decisions. The company combines the power of logistics intelligence software and transportation data science to help shippers navigate an increasingly complex shipping environment. Sifted is based in Kansas City, Missouri.

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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 350 of 387
Sector (Internet Software and Services) 40 of 47
Type (Buyout (LBO, MBO, MBI)) 75 of 80
State (Missouri) 5 of 5
Country (United States) 297 of 320
Year (2020) 14 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 VeriShip

Kansas City, Missouri, United States

VeriShip is a SaaS-based logistics spend management and payments platform used by corporate shippers. VeriShip helps shippers gain granular visibility into parcel spend, save money on contractual and erroneous charges, and consolidate and automate payments to carriers. VeriShip was founded in 2004 and is based in Kansas City, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 Gresb

Amsterdam, Netherlands

Gresb is a provider of standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Gresb was founded in 2009 and is based in Amsterdam, Netherlands.

Buy -
Mergr

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