Investment Summary

Balance Point Capital Partners, Onex Falcon, Trivergance and Landon Capital Partners Invest In ebbo

On May 16, 2016, mezzanine finance firm Balance Point Capital Partners, mezzanine finance firm Onex Falcon, private equity firm Trivergance and family office Landon Capital Partners invested in internet software and services company ebbo

Investment Highlights
  • This is Balance Point Capital Partners’ 2nd, Onex Falcon’s 1st, Trivergance’s 1st and Landon Capital Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Balance Point Capital Partners’ 22nd, Onex Falcon’s 53rd, Trivergance’s 1st and Landon Capital Partners’ 1st transaction in the United States.
  • This is Balance Point Capital Partners’ 4th, Onex Falcon’s 1st, Trivergance’s 1st and Landon Capital Partners’ 1st transaction in Connecticut.
Investment Fate
  • ebbo was sold to a consortium of financial buyers in 2019.

Investment Summary

Date 2016-05-16
Target ebbo
Sector Internet Software and Services
Investor(s) Balance Point Capital Partners
Onex Falcon
Trivergance
Landon Capital Partners
Deal Type Growth Capital

Target

ebbo

Rocky Hill, Connecticut, United States
ebbo is a developer and operator of cloud based comprehensive platform for membership and loyalty programs through an owned and operated channel and white label channel. ebbo was founded in 2001 and is based in Rocky Hill, Connecticut.

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Investor(S) 4

Investor

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 22 of 47
Sector: Internet Software and Services M&A 2 of 3
Type: Growth Capital M&A Deals 9 of 28
State: Connecticut M&A 4 of 6
Country: United States M&A 22 of 45
Year: 2016 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 ACL AirShop

Greenville, South Carolina, United States

ACL AirShop is a manufacturer of air cargo nets, straps, and assemblies and sells, leases, and repairs air cargo unit loading devices. ULDs are broadly defined as any platform used to facilitate the movement of air cargo. ACL AirShop was founded in 1979 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 GigaTrust

Herndon, Virginia, United States

GigaTrust is a provider of email security and document protection software products with customers worldwide. GigaTrust is expanding its on-premise products to a cloud based service offering: “GigaCloud”. GigaCloud provides the first and only secure email and document protection, consumption and anyone-to-anyone collaboration system in an easy to use and easy to deploy cloud service offering. This service provides secure content protection, consumption and collaboration for any user of a Windows PC, tablet or smart phone, even users of Microsoft Office 365. GigaTrust was founded in 2000 and is based in Herndon, Virginia.

Buy -
Investor

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 56 of 57
Sector: Internet Software and Services M&A 1 of 1
Type: Growth Capital M&A Deals 11 of 12
State: Connecticut M&A 1 of 1
Country: United States M&A 53 of 54
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Vision Group Holdings

Miami, Florida, United States

Vision Group Holdings is a provider of LASIK eye treatment to patients. Vision Group Holdings is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 Triad Retail Media

Tampa, Florida, United States

Triad Retail Media is a provider of digital advertising monetization solutions by partnering with ecommerce retailers to provide brand advertisers with access to ad space and the ecommerce shopper universe. Triad Retail Media is based in Tampa, Florida.

Sell $300M
DESCRIPTION

Trivergance is an operationally oriented, fundless sponsor focused on acquiring businesses not typically subject to the risks associated with economic cycles and/or technological obsolescence. The Firm has a special interest in subscription businesses and will consider opportunities in a variety of sectors including travel/hospitality, technology, software, consumer products/services, media, communications, and financial services. Trivergance was formed in 2006 and is based in Fort Lee, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 ebbo

Rocky Hill, Connecticut, United States

ebbo is a developer and operator of cloud based comprehensive platform for membership and loyalty programs through an owned and operated channel and white label channel. ebbo was founded in 2001 and is based in Rocky Hill, Connecticut.

Sell -
DESCRIPTION

Landon Capital Partners is a family office focused on acquiring healthcare services, niche manufacturing, business services, and food/beverage companies. Landon Capital seeks control situations and prefers US-based opportunities, although the Firm will opportunistically consider acquisitions in Europe. Target companies generally exhibit opportunities to create value, strong management, and predictable earnings. Landon Capital Partners was formed in 2015 and is based in Boston, Massachusetts, and has offices in New York and London.


DEAL STATS #
Overall 1 of 13
Sector: Internet Software and Services M&A 1 of 2
Type: Growth Capital M&A Deals 1 of 4
State: Connecticut M&A 1 of 2
Country: United States M&A 1 of 12
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Momentum Manufacturing Group

Georgetown, Massachusetts, United States

Momentum Manufacturing Group provides metal fabrication, machining, powder coating, and assembly operation in New England and serves as a contract manufacturer to a range of consumer and industrial customers. Operations include fabrication and machining with a broad array of process technologies serving diverse end markets. Momentum Manufacturing Group was founded in 1982 and is based in Georgetown, Massachusetts.

Buy -