M&A Deal Summary

Virgo Capital, Sachs Capital Group, Merion Investment Partners and Clearhaven Partners Acquire Korbyt

On October 23, 2018, private equity firm Virgo Capital, private equity firm Sachs Capital Group, mezzanine finance firm Merion Investment Partners and private equity firm Clearhaven Partners acquired digital media company Korbyt

Acquisition Highlights
  • This is Virgo Capital’s 1st, Sachs Capital Group’s 1st, Merion Investment Partners’ 2nd and Clearhaven Partners’ 1st transaction in the Digital Media sector.
  • This is Virgo Capital’s 9th, Sachs Capital Group’s 1st, Merion Investment Partners’ 29th and Clearhaven Partners’ 1st transaction in the United States.
  • This is Virgo Capital’s 4th, Sachs Capital Group’s 1st, Merion Investment Partners’ 1st and Clearhaven Partners’ 1st transaction in Texas.

M&A Deal Summary

Date 2018-10-23
Target Korbyt
Sector Digital Media
Buyer(s) Virgo Capital
Sachs Capital Group
Merion Investment Partners
Clearhaven Partners
Deal Type Going Private

Target

Korbyt

Addison, Texas, United States
Korbyt is a provider of content creation and management solutions that enable digital signage for enterprise corporate communications purposes. By combining software, hardware, business applications, and services, Korbyt offers a single point of accountability for integrated data visualization and real-time performance management. Korbyt was founded in 1980 and is based in Addison, Texas.

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Buyer(S) 4

Buyer

Virgo Capital

Austin, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 100M USD
Size Small
Type Sector Focused
DESCRIPTION

Virgo Capital is a private equity firm focused on making control investments in lower middle-market software and technology-enabled service companies. Virgo Capital pursues businesses with revenues between $10 and $30 million. Virgo Capital was formed in 2005 and has offices in Austin, Texas and Oklahoma City, Oklahoma.


DEAL STATS #
Overall 9 of 9
Sector (Digital Media) 1 of 1
Type (Going Private) 2 of 2
State (Texas) 4 of 4
Country (United States) 9 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-16 Sayers Technology

Vernon Hills, Illinois, United States

Sayers Technology is a provider of data center infrastructure and enterprise security products and other IT solutions to over 250 large and middle-market enterprises in various sectors, including financial services, insurance, healthcare, manufacturing, and utilities. Sayers Technology was founded in 1984 and is based in Vernon Hills, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Tibco

Palo Alto, California, United States

Tibco is a provider of middleware and infrastructure software. Tibco's standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights. Tibco was formed in 1985 and is based in Palo Alto, California.

Sell -
DESCRIPTION

Sachs Capital Group is an opportunistic private investment firm focused on venture capital and mezzanine investing, as well as acquiring stakes in mid-sized companies. Sectors of interest include financial services, restaurants, healthcare, biotech, technology, retail, leisure, manufacturing, environmental, and real estate. Sachs Capital Group is headquartered in Naperville, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Going Private) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
DESCRIPTION

Merion Investment Partners is a mezzanine finance firm that provides subordinated debt to middle-market growth Companies generating at least $10 million in sales and at least $2 million in EBITDA. Merion focuses on opportunities in business services, specialty manufacturing, and healthcare services and products. Merion's invests in the range of $4 and $20 million per transaction. Merion Investment Partners was formed in 2003 and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 29 of 40
Sector (Digital Media) 2 of 2
Type (Going Private) 1 of 1
State (Texas) 1 of 1
Country (United States) 29 of 40
Year (2018) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 BVAccel

San Diego, California, United States

BVAccel is an eCommerce solutions agency and the Shopify Plus-focused implementation consulting firm in the world. The Company’s comprehensive service offering of Design & Development, Strategy & Optimization and Marketing Services allows it to serve as a leading one-stop shop for retailers and brands looking to expand their online commerce presence. BVAccel was founded in 2013 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 TouchMath

Colorado Springs, Colorado, United States

TouchMath is a publisher and distributor of supplemental math curriculum materials. TouchMath was founded in 1975 and is based in Colorado Springs, Colorado.

Buy -
DESCRIPTION

Clearhaven Partners is a private equity firm focused on software and technology investments. The Firm is a hands-on investor and seeks businesses with strong and repeatable growth characteristics where it can assist management in taking companies to the next level. Clearhaven Partners was formed in 2019 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 6
Sector (Digital Media) 1 of 1
Type (Going Private) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 6
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Engageware

Tewksbury, Massachusetts, United States

Engageware is a SaaS provider for complex enterprise scheduling. Engageware solutions help reduce friction for its enterprise and business customers as they seek to seamlessly coordinate interactions with their constituents across virtual and physical channels. Engageware was founded in 1999 and is based in Tewksbury, Massachusetts.

Buy -