Investment Summary

TA Associates and True Wind Capital Invest In VitalEdge Technologies

On November 17, 2021, private equity firms TA Associates and True Wind Capital invested in software company VitalEdge Technologies

Investment Highlights
  • This is TA Associates’ 75th and True Wind Capital’s 2nd transaction in the Software sector.
  • This is TA Associates’ 246th and True Wind Capital’s 8th transaction in the United States.
  • This is TA Associates’ 6th and True Wind Capital’s 1st transaction in North Carolina.

Investment Summary

Date 2021-11-17
Target VitalEdge Technologies
Sector Software
Investor(s) TA Associates
True Wind Capital
Deal Type Growth Capital
Advisor(s) Canaccord Genuity (Financial)
Wyrick Robbins Yates & Ponton LLP (Legal)

Target

VitalEdge Technologies

Cary, North Carolina, United States
VitalEdge Technologies is a global enterprise software provider for the equipment, heavy truck, and rental industries. The company is exclusively focused on the Industrial Machinery and Equipment (IM&E) domain, providing services to dealers and rental companies, including several Fortune 500 customers. The e-Emphasys Dealer Management Platform incorporates a full suite of best-in-class technology including Business Intelligence and Reporting, CRM, Mobile Field Service Applications, Inspection Applications, eCommerce Customer Portals, RFID, Artificial Intelligence, IoT and Telematics. VitalEdge Technologies was founded in 2001 and is based in Cary, North Carolina.

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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 332 of 364
Sector (Software) 75 of 86
Type (Growth Capital) 123 of 133
State (North Carolina) 6 of 6
Country (United States) 246 of 263
Year (2021) 19 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Power Line Systems

Madison, Wisconsin, United States

Power Line Systems is a provider of software for the design of overhead electric power transmission lines and their structures. Its concentrated focus from the outset has been ever-improving engineering tools for overhead power line structures, earning the supportive confidence of transmission engineers as the industry standard of best practice throughout the U.S., increasingly across Europe, and opportunistically in Asia. The company's software can advantageously bring transmission-grade sophistication to broader applications in overhead distribution and in the communications grid which to deliver the more intensive reach of 5G increasingly includes newly shared towers and poles. Power Line Systems was formed in 1984 and is based in Madison, Wisconsin.

Sell $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-21 Death Wish Coffee

Saratoga Springs, New York, United States

Death Wish Coffee is a developer, manufacturer and marketer of super-premium, branded packaged coffee based in Saratoga Springs, New York. Founded in 2012, the company’s product portfolio consists of ground coffee, single-serve pods, instant coffee, ready-to-drink cold brew and merchandise. Death Wish Coffee sources beans that are Fair Trade, USDA Certified Organic and intended to provide a unique, bold flavor. The company's products are sold through an assortment of brick-and-mortar retailers and direct-to-consumer via its website and other e-commerce channels.

Buy -
Investor

True Wind Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

True Wind Capital Management LLC is a private investment firm focused on technology companies. True Wind pursues a variety of transaction types across all company stages, including management buyouts, growth financings, stake purchases, and venture. True Wind Capital Management was formed in 2015 and is based in San Francisco, California.


DEAL STATS #
Overall 8 of 12
Sector (Software) 2 of 4
Type (Growth Capital) 4 of 7
State (North Carolina) 1 of 1
Country (United States) 8 of 11
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Zix

Dallas, Texas, United States

Zix is a provider of email security services. Zix also offers superior solutions in email data loss prevention and email bring your own device (BYOD) security. Zix is trusted by the nation’s most influential institutions in healthcare, finance, and government for easy-to-use secure email solutions that meet data protection and compliance needs. Zix was founded in 1988 and is based in Dallas, Texas.

Sell $860M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Transflo

Tampa, Florida, United States

Transflo is a provider of mobile, business intelligence, and payments facilitation software to the transportation industry. The company’s cloud‐based technologies digitize nearly 800 million shipping documents each year with over $100 billion in freight spending flowing over the Transflo rails. Transflo is based in Tampa, Florida.

Buy -