M&A Deal Summary |
|
|---|---|
| Date | 2021-10-15 |
| Target | Fivestars |
| Sector | Internet Software and Services |
| Buyer(s) |
HarbourVest Partners
SumUp |
| Deal Type | Add-on Acquisition |
| Deal Value | 317M USD |
| Advisor(s) | BMO Capital Markets (Financial) Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 219 of 223 |
| Sector (Internet Software and Services) | 17 of 18 |
| Type (Add-on Acquisition) | 8 of 10 |
| State (California) | 18 of 19 |
| Country (United States) | 131 of 134 |
| Year (2021) | 9 of 13 |
| Size (of disclosed) | 51 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-14 |
CareCentrix
Hartford, Connecticut, United States CareCentrix provides specialty benefit management services to health plans, improving quality and reducing costs in several areas of home-based healthcare such as home nursing, home medical equipment, home drug infusion, sleep diagnostic tests and hospital readmissions. CareCentrix was founded in 1996 and is based in Hartford, Connecticut. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-18 |
Sirius
San Antonio, Texas, United States Sirius is a privately held, leading national solutions integrator focused on helping organizations transform their business by managing their operations, optimizing their IT, and securing it all. Sirius was founded in 1980 and is based in San Antonio, Texas. |
Buy | $2.5B |
SumUp is a financial technology company that allows businesses of all sizes to receive payments quickly and simply, both in-store and online. SumUp supports over 3 million merchants globally and operates in 34 markets across Europe, the U.S., Brazil, and Chile. SumUp was founded in 2011 and is based in London, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
