M&A Deal Summary

Vanco Acquires Connexeo

On October 17, 2018, Vanco acquired internet software and services company Connexeo from Great Hill Partners

Acquisition Highlights
  • This is Vanco’s 2nd transaction in the Internet Software and Services sector.
  • This is Vanco’s 2nd transaction in the United States.
  • This is Vanco’s 2nd transaction in Minnesota.

M&A Deal Summary

Date 2018-10-17
Target Connexeo
Sector Internet Software and Services
Buyer(s) Vanco
Sellers(s) Great Hill Partners
Deal Type Merger

Target

Connexeo

Bloomington, Minnesota, United States
Connexeo is a global software-as-a-service platform serving education and community organizations. Company provide the organizations and communities we serve with a strategic advantage by providing work simplification, allowing our customers to focus on their service passions. Education and enrichment providers may request a demo or explore industry blogs that outline trends, insights and tips.

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Buyer(S) 1

Buyer

Vanco

Bloomington, Minnesota, United States

Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

Vanco is a provider of credit card, debit card and ACH processing solutions primarily to small- and medium-sized businesses. Vanco operates a channel-driven strategy targeting community banks, trade associations and affinity partners. Vanco was founded in 2006 and is based in Bloomington, Minnesota.


DEAL STATS #
Overall 2 of 4
Sector: Internet Software and Services M&A 2 of 4
Type: Merger M&A Deals 1 of 1
State: Minnesota M&A 2 of 2
Country: United States M&A 2 of 4
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-13 Vanco Services

Eden Prairie, Minnesota, United States

Vanco Services, LLC, is a financial technology company that offers several proprietary web-based electronic payment solutions under the e.service® brand. The company, which operates exclusively in the United States, provides specialized electronic payment solutions for churches, nonprofit organizations, orthodontists, insurance companies, public schools, health clubs, homecare providers, utility companies, municipalities and other entities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Charms

Garland, Texas, United States

Charms is a provider of web-based software for the music education sector, with nearly 7,000 active schools, over 35,000 active users, and close to 2,000,000 student records. Charms was founded in 2001 and is based in Garland, Texas.

Buy -

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 38 of 64
Sector: Internet Software and Services M&A 10 of 25
Type: Merger M&A Deals 2 of 4
State: Minnesota M&A 2 of 2
Country: United States M&A 32 of 54
Year: 2018 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Ikon Science

Surrey, United Kingdom

Ikon Science is a global provider of geo-prediction software for oil and gas exploration and production companies. Ikon Science was founded in 2001 and is based in Surrey, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Charms

Garland, Texas, United States

Charms is a provider of web-based software for the music education sector, with nearly 7,000 active schools, over 35,000 active users, and close to 2,000,000 student records. Charms was founded in 2001 and is based in Garland, Texas.

Buy -