M&A Deal Summary

Sungard Availability Services Acquires Inflow

On November 17, 2004, Sungard Availability Services acquired information technology company Inflow from Spire Capital Partners, Halyard Capital, Cornerstone Equity Investors and Meritage Funds for 189M USD

Acquisition Highlights
  • This is Sungard Availability Services’ 1st transaction in the Information Technology sector.
  • This is Sungard Availability Services’ largest (disclosed) transaction.
  • This is Sungard Availability Services’ 1st transaction in the United States.
  • This is Sungard Availability Services’ 1st transaction in Colorado.

M&A Deal Summary

Date 2004-11-17
Target Inflow
Sector Information Technology
Buyer(s) Sungard Availability Services
Sellers(s) Spire Capital Partners
Halyard Capital
Cornerstone Equity Investors
Meritage Funds
Deal Type Add-on Acquisition
Deal Value 189M USD
Advisor(s) Credit Suisse Investment Banking (Financial)

Target

Inflow

Thornton, Colorado, United States
Inflow, Inc. is a data center operator providing facilities based IT services to companies with critical business and network applications over wired and virtual networks.

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Buyer(S) 1

Buyer

Sungard Availability Services

Wayne, Pennsylvania, United States

Category Company
Sector Information Technology
DESCRIPTION

Sungard Availability Services (Sungard AS) is a provider of IT related services.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Sungard Availability Services - Data Centers

United States

Sell -

Seller(S) 4

SELLER

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 3 of 27
Sector (Information Technology) 2 of 5
Type (Add-on Acquisition) 3 of 19
State (Colorado) 2 of 3
Country (United States) 3 of 26
Year (2004) 2 of 2
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-03 Encoda Systems

Denver, Colorado, United States

Encoda Systems, Inc. is a provider of proprietary software products and services that manage advertising and programming for use in the broadcast television, radio and cable industries.

Sell $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-09 American Community Newspapers

Leesburg, Virginia, United States

American Community Newspapers LLC is a publisher of community newspapers, daily newspapers, a weekly shopper and business and specialty publications.

Buy -
SELLER

Halyard Capital

New York, New York, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Halyard Capital is a private equity firm that focuses exclusively within the media, communications and business services industries. Halyard looks to commit between $10 and $40 million of equity per transaction in companies valued up to $250 million. Investments are typically made to help support leveraged buyouts, growth equity and other structured investments. Halyard will consider both control and non-control investment situations and prefers North American based opportunities. Halyard Capital was formed in 2000 and is based in New York, New York.


DEAL STATS #
Overall 4 of 26
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 15
State (Colorado) 1 of 1
Country (United States) 4 of 26
Year (2004) 3 of 4
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-03 Herald Media

Boston, Massachusetts, United States

Herald Media is the most powerful advertising and news medium in eastern Massachusetts. For readers, Herald Media's online and print publications offer strong, grassroots journalism written, photographed and edited by people whose foundations are within the communities they serve.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-09 American Community Newspapers

Leesburg, Virginia, United States

American Community Newspapers LLC is a publisher of community newspapers, daily newspapers, a weekly shopper and business and specialty publications.

Sell -
SELLER

Cornerstone Equity Investors

Stamford, Connecticut, United States

Category Private Equity Firm
Founded 1996
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cornerstone Equity Investors is private equity firm focused on investing in and acquiring middle-market leveraged buyouts of corporate divisions, closely held private companies and small capitalization public companies. The Firm targets businesses with at least $5 million of EBITDA and valued between $50 and $350 million. Cornerstone can invest up to $100 million per transaction. Broad industries of interest include business services, healthcare, and specialty manufacturing. Cornerstone originated as Prudential Equity Investors in 1984 and became independent in 1996. Cornerstone Equity is based in New York City.


DEAL STATS #
Overall 7 of 15
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 3 of 6
State (Colorado) 1 of 1
Country (United States) 7 of 15
Year (2004) 4 of 4
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-23 Centurion Wireless Technologies

Lincoln, Nevada, United States

Centurion Wireless Technologies, Inc. engages in the design and manufacture of antennas and power products for wireless communications. It offers in-house custom design, tooling, mold fitting, and production to provide turnkey solutions to fit customer needs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-12 Team Health

Knoxville, Tennessee, United States

Team Health is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Team Health was formed in 1979 and is based in Knoxville, Tennessee.

Sell $1.0B
SELLER

Meritage Funds

Arvada, Colorado, United States

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Meritage Funds is a private investment firm focused on growth equity opportunities. The Firm targets companies that deliver tech-based services that leverage recurring revenue business models. Areas of interest include businesses that 'enable communications, deliver content, and facilitate commerce'. Prospective transaction situations include direct equity financings, recapitalizations, control acquisitions, consolidations, restructurings, spin-outs and management buy-outs. Meritage typically looks to commit $3 to $20 million over the lifecycle of an investment. Meritage Funds was formed in 1998 and is based in Arvada, Colorado.


DEAL STATS #
Overall 4 of 14
Sector (Information Technology) 1 of 4
Type (Add-on Acquisition) 1 of 8
State (Colorado) 1 of 2
Country (United States) 3 of 12
Year (2004) 1 of 1
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-24 Masergy

Plano, Texas, United States

Masergy is a provider of managed security and cloud communication solutions to global enterprises in more than 40 countries. It specializes in delivering real-time high-quality transport of enterprise applications, including voice, data, and video, through a single network connection. Masergy was founded in 2000 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Xspedius Communications

Vienna, Virginia, United States

Xspedius Communications is a facilities-based provider of integrated communications services over proprietary fiber optics and virtual networks to small and medium-sized businesses in the southern U.S. The Company offers a variety of high quality communication services including long distance voice, data, and Internet.

Sell $532M