Investment Summary

TA Associates and Genstar Capital Invest In 8am

On February 25, 2020, private equity firms TA Associates and Genstar Capital invested in internet software and services company 8am from Great Hill Partners

Investment Highlights
  • This is TA Associates’ 23rd and Genstar Capital’s 9th transaction in the Internet Software and Services sector.
  • This is TA Associates’ 230th and Genstar Capital’s 81st transaction in the United States.
  • This is TA Associates’ 25th and Genstar Capital’s 8th transaction in Texas.

Investment Summary

Date 2020-02-25
Target 8am
Sector Internet Software and Services
Investor(s) TA Associates
Genstar Capital
Sellers(s) Great Hill Partners
Deal Type Stake Purchase

Target

8am

Austin, Texas, United States
8am is a cloud-based provider of practice management software, integrated payments and embedded fintech solutions for small and midsize businesses. 8am was founded in 2005 and is based in Austin, Texas.

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Investor(S) 2

Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 303 of 374
Sector: Internet Software and Services M&A 23 of 31
Type: Stake Purchase M&A Deals 31 of 39
State: Texas M&A 25 of 29
Country: United States M&A 230 of 270
Year: 2020 M&A 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-14 Auction Technology Group

London, United Kingdom

Auction Technology Group is an online marketplace that provides online auction platforms in multiple verticals. ATG's platform powers live and timed auctions across multiple verticals including art and antiques, classic cars, industrial & commercial, and consumer retail returns. Auction Technology Group was incorporated in 1971 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-26 Evanston Capital Management

Evanston, Illinois, United States

Evanston Capital Management is an alternative investment management firm focused on providing multi-manager hedge fund programs and custom solutions for institutional and high net worth investors. Evanston Capital Management was founded in 2002 and is based in Evanston, Illinois.

Sell -
Investor

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


DEAL STATS #
Overall 88 of 112
Sector: Internet Software and Services M&A 9 of 10
Type: Stake Purchase M&A Deals 3 of 3
State: Texas M&A 8 of 11
Country: United States M&A 81 of 104
Year: 2020 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-15 Pretium Packaging

St. Louis, Missouri, United States

Pretium Packaging is a provider of custom, high-performance rigid plastic bottles, and containers, serving a diverse base of customers in the food and specialty beverage, healthcare, sports nutrition, personal care, beauty, and household products end markets. Pretium Packaging was established in 1992 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 ConnectiveRx

Whippany, New Jersey, United States

ConnectiveRx is a provider of outsourced commercialization services to over 140 drug manufacturers. The Company works as a strategic partner to pharmaceutical brand teams, offering solutions that improve patient affordability, access, and adherence to traditional and specialty prescription medications. ConnectiveRx was founded in 2005 and is based in Whippany, New Jersey.

Sell -

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 48 of 64
Sector: Internet Software and Services M&A 16 of 25
Type: Stake Purchase M&A Deals 1 of 1
State: Texas M&A 4 of 4
Country: United States M&A 42 of 54
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 One

Folsom, California, United States

One is a digital payment solutions vendor focused exclusively on the insurance industry. The company’s InsureOne™ product suite enables property and casualty insurers to expand their distribution channels and increase revenues while replacing legacy core systems that are inefficient and inflexible. Its software is used by a rapidly growing list of notable customers, including the National General Insurance Company, Confie Seguros, and Mutual of Enumclaw. One was formed in 2005 and is based in Folsom, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-25 Storyblocks

Arlington, Virginia, United States

Storyblocks is a subscription-based provider of stock video and audio, providing its members with unlimited download access to a vast, and growing, a library of content. Storyblocks offers unlimited access to over 50,000 clips of stock video, motion backgrounds, production music, editing templates, sound effects, special effects, and more all for the price of just one download at many competing sites. Storyblocks was established in 2011 and is based in Arlington, Virginia.

Buy -