Investment Summary

TPE Boulder and Topspin Partners LBO Invest In Band Digital

On March 24, 2005, private equity firms TPE Boulder and Topspin Partners LBO invested in information technology company Band Digital for 13M USD

Investment Highlights
  • This is TPE Boulder’s 1st and Topspin Partners LBO’s 1st transaction in the Information Technology sector.
  • This is TPE Boulder’s 3rd and Topspin Partners LBO’s largest (disclosed) transaction.
  • This is TPE Boulder’s 5th and Topspin Partners LBO’s 3rd transaction in the United States.
  • This is TPE Boulder’s 1st and Topspin Partners LBO’s 1st transaction in Hawaii.
Investment Fate
  • Band Digital went bankrupt in 2013.

Investment Summary

Date 2005-03-24
Target Band Digital
Sector Information Technology
Investor(s) TPE Boulder
Topspin Partners LBO
Deal Type Venture
Deal Value 13M USD

Target

Band Digital

Chicago, Hawaii, United States
Whittman-Hart was an IT consulting and services firm focusing on middle-market customers. The company created an expansion model that enabled it to replicate its core service offerings, taking it from a single location to a total of 21 offices.

Search 200,197 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 2

Investor

TPE Boulder

Braintree, Massachusetts, United States

Category Private Equity Firm
Founded 1997
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TPE Boulder is a private equity firm focused on small buyout and growth equity investments in profitable healthcare and software companies. TPE will consider minority or control positions and targets companies with $4 to $40 million in revenue and at least $1.5 million of EBITDA. Specific areas of interest include healthcare services, healthcare IT, healthcare payment management systems, enterprise software, SaaS, and Internet B2B companies. TPE Boulder was formed in 1997 and has offices in Braintree, Massachusetts, and Boulder, Colorado.


DEAL STATS #
Overall 5 of 25
Sector (Information Technology) 1 of 5
Type (Venture) 3 of 12
State (Hawaii) 1 of 1
Country (United States) 5 of 25
Year (2005) 1 of 5
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-05 Renovis

South San Francisco, California, United States

Renovis, Inc. is discovers and develops biopharmaceuticals for the treatment of neurological and inflammatory diseases and disorders.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-06 ALN Medical Management

Littleton, Colorado, United States

ALN is a nationwide provider of outsourced revenue cycle management and information technology services to physician practices. ALN has established a firm leadership position in the industry and is capitalizing on the coming consolidation of the physician billing industry.

Buy -
Investor

Topspin Partners LBO


Category Private Equity Firm
Founded 2001
PE ASSETS 213M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Topspin LBO is the buyout arm of investment firm Topspin Partners. Topspin LBO looks to invest in established businesses with growing revenue and cash-flow of $2 to $10 million. Prospective companies generally have proven management in place and operate with defensible business models. While, Topspin will consider investing in businesses across the US, the Firm has a strong preference for opportunities serving the Long Island, New York area. Sectors of interest include security services, consumer products, publishing/media, niche manufacturing, food and beverage and restaurants. Topspin LBO was formed in 2001 and is based in Roslyn Heights, New York.


DEAL STATS #
Overall 3 of 27
Sector (Information Technology) 1 of 2
Type (Venture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 3 of 27
Year (2005) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-04 Terk Technologies

Commack, New York, United States

Terk Technologies Corp. designs, manufactures and distributes branded radio and TV antennas as well as selected components for sound/stereo systems.

Sell $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-10 Coastal Security Systems

Boca Raton, Florida, United States

Coastal Security Systems, Inc. (Coastal), based in Boca Raton, Florida, is a leading provider of security alarm monitoring and related installation services in south Florida and third party monitoring services nationally. Coastal monitors over 145,000 accounts throughout the United States and its monitoring central station is one of the largest in Florida. The Company has achieved consistent and steady growth through high quality service and effective marketing. It has been under the same management for over twenty years.

Sell $50M