M&A Deal Summary

Think3 Acquires SLI Systems

On January 15, 2019, distressed investor Think3 acquired internet software and services company SLI Systems from Pioneer Capital

Acquisition Highlights
  • This is Think3’s 2nd transaction in the Internet Software and Services sector.
  • This is Think3’s 1st transaction in New Zealand.

M&A Deal Summary

Date 2019-01-15
Target SLI Systems
Sector Internet Software and Services
Buyer(s) Think3
Sellers(s) Pioneer Capital
Deal Type Secondary Buyout

Target

SLI Systems

Christchurch, New Zealand
SLI Systems provides a cloud-based, AI-driven e-commerce platform that helps online retailers increase traffic, convert more shoppers into buyers, and boost order values. Its Product Discovery Suite includes tools for search, navigation, recommendations, merchandising, mobile, and SEO. SLI Systems is based in Christchurch, New Zealand.

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Buyer(S) 1

Buyer

Think3


Category Distressed Investor
Founded 2017
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Think3 is a distressed investor focused on acquiring lower middle-market SaaS companies with at least $3 million in revenue. The Firm has a particular interest in venture-backed companies at an inflection point in their growth cycle where selling may be attractive to founders, management teams, and investors. Think3 will consider opportunities throughout the US and generally looks to offer 1x to 2x revenues. Think3 was formed in 2017 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 4 of 5
Sector: Internet Software and Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
Country: New Zealand M&A 1 of 1
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 School Loop

San Francisco, California, United States

School Loop is a web and app-based collaboration tool for students, parents, and teachers in school districts throughout the U.S. School Loop was founded in 2004 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-25 Sococo

Austin, Texas, United States

Sococo is a software company that offers an online workplace where distributed teams can collaborate in a virtual office environment. The platform provides features such as spatial mapping (rooms, hallways), real-time chat, video/audio calls, screen sharing, and integrated tools to foster spontaneous interaction regardless of physical location. Sococo was founded in 2007 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Pioneer Capital

Oslo, Norway

Investor Investor


Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Pioneer Capital is a private equity group focused on Nordic growth companies. The Firm targets established businesses in a variety of sectors with an emphasis on opportunities in healthcare and oilfield services. Pioneer was formed in 2010 and is owned and operated by a group of entrepreneurs based in Oslo, Norway.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: New Zealand M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-30 WhereScape

Portland, Oregon, United States

WhereScape is a provider of data infrastructure automation software. WhereScape helps IT organizations of all sizes leverage automation to design, develop, deploy, and operate data infrastructure faster. WhereScape was founded in 2002 and is based in Portland, Oregon.

Buy -