M&A Deal Summary

The Descartes Systems Group Acquires Datamyne

On December 23, 2016, The Descartes Systems Group acquired internet software and services company Datamyne from Praesidian Capital and Kemper for 53M USD

Acquisition Highlights
  • This is The Descartes Systems Group’s 10th transaction in the Internet Software and Services sector.
  • This is The Descartes Systems Group’s 7th largest (disclosed) transaction.
  • This is The Descartes Systems Group’s 14th transaction in the United States.
  • This is The Descartes Systems Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2016-12-23
Target Datamyne
Sector Internet Software and Services
Buyer(s) The Descartes Systems Group
Sellers(s) Praesidian Capital
Kemper
Deal Type Add-on Acquisition
Deal Value 53M USD

Target

Datamyne

Miami, Florida, United States
Datamyne, Inc. is a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity.

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Buyer(S) 1

Buyer

The Descartes Systems Group

Waterloo, Ontario, Canada
Category Company
Founded 1981
Sector Software
Employees1,334
Revenue 486M USD (2023)
DESCRIPTION

The Descartes Systems Group is a provider of on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. The Descartes Systems Group was founded in 1981 and is based in Waterloo, Canada.

DEAL STATS #
Overall 28 of 54
Sector (Internet Software and Services) 10 of 18
Type (Add-on Acquisition) 28 of 54
State (Florida) 1 of 1
Country (United States) 14 of 30
Year (2016) 4 of 4
Size (of disclosed) 7 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-11 4Solutions Pty

Wollongong, Australia

4Solutions Pty Ltd. is a provider of cloud-based business-to-business ("B2B") supply chain integration solutions.

Buy AU$4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-19 Z-Firm

Seattle, Washington, United States

Z-Firm LLC (ShipRush) is a provider of e-commerce multi-carrier parcel shipping solutions for small-to medium-sized businesses. ShipRush was founded in 1992 and is based in Seattle, Washington.

Buy -

Seller(S) 2

SELLER

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.

DEAL STATS #
Overall 16 of 29
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 7 of 10
State (Florida) 1 of 1
Country (United States) 16 of 27
Year (2016) 5 of 5
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Palmetto Moon

Charleston, South Carolina, United States

Palmetto Moon is a specialty retailer in the Lifestyle Merchandising segment in the southeastern U.S. The company have rapidly grown into a one-stop shop for women’s and men’s fashion, kids apparel and gifts, home goods, shoes, accessories, collegiate gear, drinkware, and more for the Southern at heart. Palmetto Moon was founded in 2002 and is based in Charleston, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Arc Machines

Pacoima, California, United States

ARC Machines, Inc. is in the development and manufacturing of automated orbital welding systems, including power supplies, weld heads, arc zone vision systems and related accessories for industrial and diverse infrastructure applications.

Sell -
SELLER

Kemper

Chicago, Illinois, United States
Category Company
Founded 1990
Sector Insurance
Employees8,100
Revenue 4.9B USD (2023)
DESCRIPTION

Kemper is a diversified insurance holding company with subsidiaries that provide an array of products to the individual and small business market. Kemper was founded in 1990 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 1
Country (United States) 2 of 4
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Datamyne

Miami, Florida, United States

Datamyne, Inc. is a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-13 Infinity Property and Casualty

Birmingham, Alabama, United States

Infinity Property and Casualty Corp. is a provider of personal automobile insurance with a concentration on nonstandard auto insurance. Its products are offered through a network of approximately 12,500 independent agencies and brokers. Infinity Property and Casualty was founded in 2002 and is based in Birmingham, Alabama.

Buy $1.4B
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