Investment Summary

Thompson Street Capital Partners and Audax Private Debt Invest In Silverchair

On August 11, 2022, private equity firm Thompson Street Capital Partners and mezzanine finance firm Audax Private Debt invested in internet software and services company Silverchair

Investment Highlights
  • This is Thompson Street Capital Partners’ 2nd and Audax Private Debt’s 2nd transaction in the Internet Software and Services sector.
  • This is Thompson Street Capital Partners’ 67th and Audax Private Debt’s 88th transaction in the United States.
  • This is Thompson Street Capital Partners’ 1st and Audax Private Debt’s 1st transaction in Delaware.

Investment Summary

Date 2022-08-11
Target Silverchair
Sector Internet Software and Services
Investor(s) Thompson Street Capital Partners
Audax Private Debt
Deal Type Growth Capital

Target

Silverchair

Wilmington, Delaware, United States
Silverchair is a provider of an independent content management, product enablement, and digital transformation platform for association, society, and independent publishers. Silverchair was founded in 1993 and is based in Wilmington, Delaware.

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Investor(S) 2

Investor

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 67 of 73
Sector: Internet Software and Services M&A 2 of 2
Type: Growth Capital M&A Deals 6 of 8
State: Delaware M&A 1 of 1
Country: United States M&A 67 of 72
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 Intellivo

Memphis, Tennessee, United States

Intellivo provides significant cost savings for its clients by recovering dollars through health plan subrogation and compensation recovery services. Intellivo was founded in 1999 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-15 T-Base Communications

Ogdensburg, New York, United States

T-Base Communications is a provider of accessible communications technology. T-Base's leverages its proprietary software to ensure enterprise customers and education organizations provide accessible documents for their low-vision and blind (LVB) customers. T-Base Communications was founded in 1990 and is based in Ogdensburg, New York.

Sell -
Investor

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 90 of 120
Sector: Internet Software and Services M&A 2 of 2
Type: Growth Capital M&A Deals 14 of 18
State: Delaware M&A 1 of 1
Country: United States M&A 88 of 118
Year: 2022 M&A 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Roto-Rooter

Vista, California, United States

Roto-Rooter provides plumbing, drain, and flood restoration services to both commercial and residential property owners. Roto-Rooter was founded in 1974 and is based in Vista, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 MediaRadar

New York, New York, United States

MediaRadar is an advertising intelligence company that offers a suite of tools that provides sales intelligence directly to media ad sales personnel and new business development executives at agencies. The company tailors its products to support broadcasters, dotcoms, ad tech companies, magazines, newspapers, and mobile media companies. MediaRadar was founded in 2007 and is based in New York, New York.

Buy -