Investment Summary

Trident Capital, Crystal Capital, Dolphin Equity Partners and Platinum Equity Invest In MegaPath

On February 24, 2006, Trident Capital, Crystal Capital, private equity firm Dolphin Equity Partners and private equity firm Platinum Equity invested in information technology company MegaPath

Investment Highlights
  • This is Trident Capital’s 8th, Crystal Capital’s 1st, Dolphin Equity Partners’ 1st and Platinum Equity’s 5th transaction in the Information Technology sector.
  • This is Trident Capital’s 34th, Crystal Capital’s 1st, Dolphin Equity Partners’ 6th and Platinum Equity’s 14th transaction in the United States.
  • This is Trident Capital’s 10th, Crystal Capital’s 1st, Dolphin Equity Partners’ 2nd and Platinum Equity’s 3rd transaction in California.
Investment Fate
  • MegaPath merged with another company in 2014.

Investment Summary

Date 2006-02-24
Target MegaPath
Sector Information Technology
Investor(s) Trident Capital
Crystal Capital
Dolphin Equity Partners
Platinum Equity
Deal Type Venture

Target

MegaPath

Costa Mesa, California, United States
MegaPath office in Herndon, Virginia.
MegaPath office in Herndon, Virginia.
MegaPath provides fully managed IP-based Virtual Private Network connectivity solutions over both the public Internet and its private network. MegaPath was formed in 1996 and is based in Costa Mesa, California.

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Investor(S) 4

Investor

Trident Capital

San Mateo, California, United States

Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.


DEAL STATS #
Overall 37 of 86
Sector: Information Technology M&A 8 of 20
Type: Venture M&A Deals 24 of 62
State: California M&A 10 of 29
Country: United States M&A 34 of 78
Year: 2006 M&A 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 HomeAway

Austin, Texas, United States

HomeAway, Inc. is an online marketplace for the vacation rental industry matching home owners with consumers. HomeAway was formed in 2004 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-02 Surphace

San Francisco, California, United States

Sphere uses its advanced search algorithm to connect mainstream and conversational media content.

Buy -
Investor

Crystal Capital

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crystal Capital is an affiliate of Crystal Financial Corporation, Crystal Capital is a private investment firm that provides debt and equity capital to middle-market companies. Crystal Capital does not have an industry preference in evaluating opportunities, but looks to provide a minimum of $1 million in equity (co-investment) or $10 million in junior capital per transaction. Target companies typically generate sales of at least $150 million and EBITDA of $15 million. Crystal Capital was formed in 2006 and is based in Boston, Massachusetts with additional offices in Los Angeles, California; Stamford, Connecticut; and Chicago, Illinois.


DEAL STATS #
Overall 1 of 32
Sector: Information Technology M&A 1 of 1
Type: Venture M&A Deals 1 of 1
State: California M&A 1 of 5
Country: United States M&A 1 of 27
Year: 2006 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Clover Environmental Solutions

Hoffman Estates, Illinois, United States

Clover Environmental Solutions provides environmentally sustainable solutions focused on the recovery, returns management, remanufacturing, and recommerce of business and consumer goods. By leveraging its world-class engineering, manufacturing, and distribution infrastructure, Clover Environmental Solutions provides circular economy solutions for various products, making the company a product lifecycle management provider of choice for OEMs and retailers globally. Clover Environmental Solutions was established in 1996 and is based in Hoffman Estates, Illinois.

Buy -
Investor

Dolphin Equity Partners

New York, New York, United States

Category Private Equity Firm
Founded 1998
PE ASSETS 340M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Dolphin Equity Partners is a specialist private equity firm focused on investing in technology-enabled service based companies. Specific areas of interest include software as a service, on demand software, mobile-enabled technology, communication services, and new media/internet. Dolphin looks for investment candidates operating primarily in North America and the UK. Dolphin prefers to invest in companies in need of expansion capital but will also consider early-stage businesses, recapitalizations, and buyouts. Dolphin Equity Partners was formed in 1998 and is based in New York City.Dolphin Equity Partners discontinued operations in 2012.


DEAL STATS #
Overall 7 of 14
Sector: Information Technology M&A 1 of 2
Type: Venture M&A Deals 6 of 12
State: California M&A 2 of 4
Country: United States M&A 6 of 13
Year: 2006 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-11 Artful Home

Madison, Wisconsin, United States

Artful Home is a provider of an online selected assortment of artist-made home apparel, decor, and art. The company provides artists with a national marketing platform and consumers a curated selection of unique products. Artful Home was founded in 1985 and is based in Madison, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 NetMotion Software

Seattle, Washington, United States

NetMotion Software is a privately held software company that develops software for organizations with mobile workforces, focusing on security, management, and optimization of their wireless data deployments. NetMotion Software was founded in 2001 and is based in Seattle, Washington.

Sell -
Investor

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 16 of 156
Sector: Information Technology M&A 5 of 8
Type: Venture M&A Deals 1 of 1
State: California M&A 3 of 14
Country: United States M&A 14 of 121
Year: 2006 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-15 PNA Group

Atlanta, Georgia, United States

PNA Group processes steel and distributes it to fabricators, manufacturers and distributors, primarily in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-24 Americatel

Miami, Florida, United States

Americatel is a telecommunications carrier that provides long-distance service to countries in Latin America and the Caribbean. The company's primary market is the rapidly growing segment of Hispanics in North America seeking competitive rates for domestic and international long-distance calls.

Buy -