M&A Deal Summary |
|
---|---|
Date | 2023-12-14 |
Target | Ametros Financial |
Sector | Information Technology |
Buyer(s) | Webster Bank |
Sellers(s) |
Long Ridge Equity Partners
Clarion Capital Partners |
Deal Type | Add-on Acquisition |
Deal Value | 350M USD |
Advisor(s) | Choate Hall & Stewart (Legal) |
SEARCH BY
Try For Free 7-Day Free Trial
Category | Company |
---|---|
Founded | 1935 |
Sector | Financial Services |
Employees | 4,131 |
Revenue | 2.7B USD (2023) |
Webster Bank is a bank holding company for Webster Bank. Webster provides consumer and business banking, mortgage, financial planning, and trust and investment services. Webster Bank was founded in 1935 and is based in Waterbury, Connecticut.
DEAL STATS | # |
---|---|
Overall | 4 of 4 |
Sector (Information Technology) | 1 of 1 |
Type (Add-on Acquisition) | 3 of 3 |
State (Massachusetts) | 2 of 2 |
Country (United States) | 4 of 4 |
Year (2023) | 1 of 1 |
Size (of disclosed) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-02-16 |
Bend Financial
Boston, Massachusetts, United States Bend Financial is a cloud-based platform solution provider for health savings accounts (HSA). Bend Financial is based in Boston, Massachusetts. |
Buy | - |
Category | Growth Capital Firm |
---|---|
Founded | 2007 |
PE ASSETS | 900M USD |
Size | Middle-Market |
Type | Sector Focused |
Long Ridge Equity Partners is a private investment firm focused on the financial services sector. The Firm seeks growth capital and special situation investments. Specific areas of interest include financial technology, specialty finance, securities and trading, asset management, payments, and exchanges. Long Ridge was formed in 2007 and is based in New York City.
DEAL STATS | # |
---|---|
Overall | 9 of 11 |
Sector (Information Technology) | 3 of 3 |
Type (Add-on Acquisition) | 5 of 6 |
State (Massachusetts) | 1 of 1 |
Country (United States) | 9 of 11 |
Year (2023) | 1 of 1 |
Size (of disclosed) | 1 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-12-12 |
MessageGears
Atlanta, Georgia, United States MessageGears is a data-connected customer engagement platform delivering advanced customer segmentation and message personalization and delivery that simply outperforms other enterprise marketing clouds and data platforms. MessageGears is based in Atlanta, Georgia. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2024-04-02 |
Avetta
Lehi, Utah, United States Avetta is a provider of a cloud-based supply chain risk management platform. Avetta connects global organizations across several industries including oil/gas, telecom, construction materials, facilities management, and many others, with qualified and vetted suppliers, contractors, and vendors. Avetta was founded in 2003 and is based in Lehi, Utah. |
Sell | - |
Category | Private Equity Firm |
---|---|
Founded | 1999 |
Size | Small |
Type | Sector Agnostic |
Clarion Capital Partners is a private equity investment firm that invests in middle-market, growth-oriented companies with and an enterprise value of $50 to $200 million and EBITDA greater than $7.5 million. Target industries include consumer products, business and healthcare services, specialty financial services, specialty retail, and niche media/entertainment. Clarion seeks companies requiring an equity investment of $15 to $75 million in a broad range of investment structures including: growth equity, recapitalizations, and leveraged buyouts. Clarion Capital was formed in 1999 and is based in New York City.
DEAL STATS | # |
---|---|
Overall | 16 of 16 |
Sector (Information Technology) | 2 of 2 |
Type (Add-on Acquisition) | 10 of 10 |
State (Massachusetts) | 2 of 2 |
Country (United States) | 15 of 15 |
Year (2023) | 1 of 1 |
Size (of disclosed) | 1 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-05-31 |
Ready Credit
Eden Prairie, Minnesota, United States Ready Credit is a payment solutions platform that enables cashless operations for consumer facing businesses. Ready Credit provides kiosks that convert consumers’ cash instantly into a general use prepaid card, which enables businesses to go cashless while still accepting consumers cash. Ready Credit is based in Eden Prairie, Minnesota. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2024-02-15 |
Narrative
Washington, District of Columbia, United States Narrative is an integrated public affair and corporate reputation agency. Narrative was founded in 2019 and is based in Washington, District of Columbia. |
Buy | - |