Investment Summary

Wavecrest Growth Partners, ABRY Partners and Farol Asset Management Invest In Pole Star Global

On April 7, 2021, growth capital firm Wavecrest Growth Partners, private equity firm ABRY Partners and private equity firm Farol Asset Management invested in internet software and services company Pole Star Global

Investment Highlights
  • This is Wavecrest Growth Partners’ 3rd, ABRY Partners’ 12th and Farol Asset Management’s 2nd transaction in the Internet Software and Services sector.
  • This is Wavecrest Growth Partners’ 2nd, ABRY Partners’ 7th and Farol Asset Management’s 1st transaction in the United Kingdom.

Investment Summary

Date 2021-04-07
Target Pole Star Global
Sector Internet Software and Services
Investor(s) Wavecrest Growth Partners
ABRY Partners
Farol Asset Management
Deal Type Growth Capital

Target

Pole Star Global

London, United Kingdom
Pole Star Global is a provider of cloud-based compliance software solutions to the maritime, financial and government sectors. Pole Star Global was founded in 1998 and is based in London, United Kingdom.

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Investor(S) 3

DESCRIPTION

Wavecrest Growth Partners is a private equity firm that looks to acquire B2B software and technology companies with $5 to $25 million of revenue. The Firm seeks companies where the founder is at an inflection point in taking the business to the next level. Wavecrest Growth Partners was formed in 2016 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 10 of 14
Sector: Internet Software and Services M&A 3 of 3
Type: Growth Capital M&A Deals 9 of 13
Country: United Kingdom M&A 2 of 3
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 CarData Consultants

Toronto, Ontario, Canada

CarData Consultants provides vehicle reimbursement plans for mid-size to Fortune 500 corporations. Technology-focused solutions featuring Smart DataBases, cloud computing, and SaaS; and built on the Client Service first model. The company offers savings for companies moving from company cars, cents per mile, or flat taxable plans. Plans offer outsourced or in-house administration tailored to each business's needs. CarData Consultants was formed in 1999 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Login VSI

Boston, Massachusetts, United States

Login VSI specializes in automating and managing desktop environments using various virtualization techniques. Login also offers services (“managed service”) and sells self-developed software products in the field of virtualization. Login VSI was founded in 2002 and is based in Boston, Massachusetts.

Buy -
Investor

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 149 of 175
Sector: Internet Software and Services M&A 12 of 14
Type: Growth Capital M&A Deals 35 of 48
Country: United Kingdom M&A 7 of 13
Year: 2021 M&A 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Casamba

Agoura Hills, California, United States

Casamba is a supplier of enterprise software systems to large providers of therapy. Through its cloud-based platform, the Company provides comprehensive clinical therapy documentation, scheduling and billing automation solutions for contract therapy and other healthcare organizations. Casamba offers an integrated solution that expands its clients’ back-end office functionality, interfacing with other commercial healthcare and financial information systems. Casamba serves more than 8,000 skilled nursing, acute, outpatient and home health locations in the country, partnering with leading healthcare providers to serve patients on a national scale. Casamba was founded in 2004 and is based in Agoura Hills, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 High Street Insurance Partners

Traverse City, Michigan, United States

High Street Insurance Partners is focused on the insurance agency sector, providing commercial property & casualty insurance, employee benefits services, and personal lines to a wide range of industries. High Street Insurance Partners was founded in 2018 and is based in Traverse City, Michigan.

Buy -
DESCRIPTION

Farol Asset Management is a private equity firm that looks to match institutional investors with direct investment opportunities. The Firm seeks to commit $5 to $30 million per transaction to support a variety of transaction situations and typically works with opportunities brought to it by private equity firms, fund-less sponsors, entrepreneurs and operating executives. Farol Asset Management was formed in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 20 of 23
Sector: Internet Software and Services M&A 2 of 3
Type: Growth Capital M&A Deals 3 of 3
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Total Access Urgent Care

Ballwin, Missouri, United States

Total Access Urgent Care is a provider of urgent care and emergency department services. Total Access Urgent Care operates 26 locations and serves patients. Total Access Urgent Care offers state-of-the-art digital X-ray, CT scan, ultrasound, EKG, and common laboratory assays, on-site. TAUC's services also include IV hydration and medication administration, suturing lacerations, splinting minor fractures, reducing dislocations, and draining abscesses. Total Access Urgent Care was founded in 2008 and is based in Ballwin, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Lignetics

Broomfield, Colorado, United States

Lignetics is a residential wood pellet manufacturing company in the U.S. The company’s innovative eco-friendly offering includes premium wood pellets for super-efficient home heating, barbecue pellets that naturally seal in perfect wood-fired flavor, and a superior all-natural high-performance cat litter. The company delivers these innovative all-natural products through national retail partners and directly to consumers via the only national network of wood pellet manufacturing plants spread across the U.S. and Canada with 22 different plant locations. Lignetics was founded in 1983 and is based in Broomfield, Colorado.

Buy -