Like Clarus Commerce

closed 7/10/2019 via Company Press Release

Marlin Equity Partners, acquired Clarus Commerce

synopsis: Clarus Commerce, the only company specializing in building, managing and optimizing premium loyalty programs, announced its acquisition by Marlin Equity Partners, a global investment firm with over $6.7 billion of capital under management.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management that is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target parent: Trivergance
target: Clarus Commerce
Clarus Commerce is the only company solely focused on building, managing and optimizing customizable premium loyalty programs for retailers. They provide the full suite of services needed for a successful loyalty program, which includes the technology platform, client services, IT and operations.
price ($mm)
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closed 4/23/2020 via PR Newswire

Augeo Marketing, acquired Empyr

synopsis: Augeo, a leader in employee, member, consumer, and channel partner engagement solutions, has acquired Empyr, a card-linking platform for national brands and digital publishers. Together, they will launch a new company called Figg, combining the financial institution card-linking business of Augeo with the extensive publisher experience of Empyr.
buyer: Augeo Marketing
Augeo is a leader in engagement, loyalty, and incentive platforms developing new solutions and innovative technology. Augeo's membership benefits and insurances, employee recognition, sales incentives, virtual & live meetings, and events solutions elevate engagement and build stronger relationships."
target: Empyr
Empyr powers online-to-offline marketing programs for some of the largest websites and apps. The company's card-linked technology connects digital advertising to in-store purchases, allowing advertisers to track the entire customer journey, from an ad impression to a physical in-store transaction.
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announced 12/16/2019 via Company Press Release

Episerver AB, will acquire Insite Software

synopsis: Episerver™, the customer-centric digital experience company, has signed a definitive agreement to acquire B2B commerce leader Insite Software™. Insite Software is the leading provider of powerful digital commerce solutions architected for manufacturers and distributors.
buyer parent: Insight Venture Partners
buyer: Episerver AB
Episerver empowers businesses to scale through the most customer-centric approach to digital experiences. Its Customer-Centric Digital Experience Platform™ features best-in-class content management, robust commerce, and intuitive data and personalization solutions. "
target: Insite Software
Insite Software is the leading provider of powerful digital commerce solutions architected for manufacturers and distributors. The InsiteCommerce® suite of products goes beyond commerce to connect people, products and channels for a rich, omnichannel experience.
price ($mm)
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closed 8/9/2018 via BNC Analysis

Yotpo, acquired Swell Rewards

synopsis: Yotpo, a customer content marketing platform that collects and analyzes user-created content, has acquired Swell Rewards, an incentive marketing platform. Swell Rewards allows ecommerce companies to create highly-tailored rewards and referral programs with ease.
buyer: Yotpo
Yotpo is a customer content marketing platform that collects and analyzes user-created content like social media posts and reviews. Yotpo allows brands to leverage social proof to increase trust and sales, cultivate loyal customer advocates, and make better decisions based on customer feedback. "
target: Swell Rewards
Swell Rewards is an incentive marketing platform that allows ecommerce companies to create highly-tailored rewards and referral programs with ease. Their SaaS-based platform helps merchants to better understand and retain their existing customers through a variety of effective marketing campaigns.
price ($mm)
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closed 3/23/2016 via BusinessWire

Falcon Investment Advisors LLC, Landon Capital Partners, Trivergance, acquired Clarus Commerce

synopsis: Trivergance, in partnership with Falcon Investment Advisors and Landon Capital Partners, announced the acquisition of Clarus Commerce from Norwest Venture Partners. Clarus, a leader in e-commerce and subscription commerce solutions, has developed and manages a proprietary, flexible and scalable membership and benefit management technology platform.
buyer: Falcon Investment Advisors LLC
buyer: Trivergance
buyer: Landon Capital Partners
Trivergance is a leading independent sponsor, having invested over $1 billion of third-party, institutional equity capital. Falcon is a private equity firm investsing in leading middle market companies. Landon Capital Partners is the direct private equity investment group of the Landon family. "
target parent: Norwest Venture Partners
target: Clarus Commerce
Clarus Commerce creates and markets high-value subscription websites designed to save consumers time and money. Clarus is one of the pioneers of creating free shipping and subscription-based solutions for e-commerce businesses seeking to ease consumers’ concerns about high shipping costs.
price ($mm)
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closed 2/25/2015 via Yahoo, Inc.

Epicor Software Corporation, purchased Shipping Solutions Business from Insite Software

synopsis: Epicor Software Corporation announced that it acquired the Shipping Solutions Business from Insite Software. The business includes the InsiteShip and InsiteManifest software solutions including associated customer contracts, related intellectual property, and certain other assets.
buyer parent: Apax Partners
buyer: Epicor Software Corporation
Epicor Software Corporation is a global leader delivering inspired business software solutions to the manufacturing, distribution, retail and services industries. Serving small, midmarket and large enterprises, Epicor has more than 20,000 customers in over 150 countries. "
seller: Insite Software
The Shipping Solutions Business of Insite Software includes the InsiteShip and InsiteManifest software solutions for shipping management, associated customer contracts, related intellectual property, and certain other assets. Insite Software is a leading provider of B2B and B2C eCommerce platforms.
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closed 6/16/2014 via Market Wire

Stamps.com, acquired ShipStation

synopsis: Stamps.com, the leading provider of USPS postage online to over 500,000 customers, announced the acquisition of ShipStation®, based in Austin, Texas, which offers monthly subscription based e-commerce shipping software primarily under the brand names ShipStation® and Auctane®.
buyer: Stamps.com (STMP:$520.72)
Stamps.com is a provider of Internet-based postage services. Stamps.com’s online postage service enables small businesses, enterprises, and consumers to print U.S. Postal Service-approved postage with just a PC, printer and Internet connection, right from their home or office. "
target: ShipStation
ShipStation is a leading web-based shipping software that is built to help online retailers organize and process their orders, while fulfilling and shipping them quickly and easily.
price ($mm)
$76
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closed 1/23/2019 via PR Newswire

Narvar, acquired Kronos Care

synopsis: Narvar, the pioneer in post-purchase customer engagement, announced it has acquired Kronos Care, a Paris-based startup that enables retailers and brands to increase loyalty through branded notification experiences.
buyer: Narvar
Narvar is an enterprise-grade SaaS platform. Narvar drives brand loyalty by enabling immersive post-purchase customer experiences. From order tracking, proactive communications, and seamless returns, Narvar applies machine learning across billions of interactions to make consumers' lives simpler. "
target: Kronos Care
Based in France, Kronos Care creates the best post purchase experience for online retailers by supercharging the tracking process to help them engage their customers and increase their loyalty.
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closed 5/30/2017 via BusinessWire

Tyler Technologies, Inc., acquired Modria

synopsis: Tyler Technologies, Inc., a leading provider of end-to-end information management solutions and services for local governments, announced it has acquired Modria, a company specializing in online dispute resolution (ODR) for government and commercial entities.
buyer: Tyler Technologies, Inc. (TYL:$1,039.57)
Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector to become more efficient, more accessible and more responsive to the needs of citizens. "
target: Modria
Modria provides the leading software-as-a-service platform for online dispute resolution. Securely hosted in the cloud by Modria, the platform allows customers to link together negotiation, mediation and arbitration modules to configure support for their specific dispute resolution processes.
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closed 10/20/2016 via PR Newswire

Medallia, acquired Kampyle Ltd.

synopsis: Medallia, Inc. announced that it has acquired Kampyle, Ltd., the best-of-breed software platform for capturing customer feedback on digital and mobile channels. Medallia will offer a new product solution that combines Medallia's powerful data analytics platform with Kampyle's state-of-the-art web and mobile feedback capture capabilities.
buyer: Medallia (MDLA:$402.46)
Medallia is the Customer Experience Management company that is trusted by hundreds of the world's leading brands. Medallia's Software-as-a-Service application enables companies to capture customer feedback everywhere the customer is to improve their performance. "
target: Kampyle Ltd.
Kampyle has pioneered the field of online feedback analytics, delivering websites, online retailers and companies a powerful software-as-a-service (SaaS) platform to collect, analyze, measure and manage online user feedback on services, products and customer experiences.
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closed 10/6/2016 via BNC Analysis

Capital One Financial Corp., acquired Paribus

synopsis: Capital One, a diversified banking company, has acquired the price tracking service Paribus, which helps online shoppers get automatic refunds when prices drop on items they purchased.
buyer: Capital One Financial Corp. (NYSE:COF:$22,241.00)
Capital One Financial Corp. is a diversified financial services company that offers a broad array of financial products and services to consumers, small businesses and commercial clients. A Fortune 500 company, Capital One has one of the most widely recognized brands in America. "
target: Paribus
Paribus is a price tracking service that aids online shoppers in getting automatic refunds when the price drops on items they purchased. Paribus automates the process of following up on past purchases to see if shoppers could request a refund from the online retailer.
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closed 9/18/2018 via GlobeNewswire

Snipp Interactive Inc., acquired Ziploop

synopsis: Snipp Interactive Inc., a global provider of digital marketing promotions, rebates and loyalty solutions, announced that it has acquired substantially all of the assets of Ziploop, Inc., a company that develops a mobile shopping application that stores and organizes receipts, rewards, and promotions for consumers.
buyer: Snipp Interactive Inc. (TSXV:SPN:$13.44)
Snipp Interactive Inc. builds cross-device shopper marketing solutions for brands to engage and interact with their customers. They provide a full spectrum of services including campaign conceptualization, rules and legal, design, execution, rewards provisioning and fulfillment. "
target: Ziploop
Ziploop, Inc. develops a mobile shopping application that stores and organizes receipts, rewards, and promotions for consumers. The company’s application works on various devices, including phones, tablets, and computers. Ziploop was founded in 2013 and is based in Orinda, California.
price ($mm)
$0.50
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closed 1/20/2016 via BNC Analysis

Goodbox, acquired SmartPocket

synopsis: Goodbox, a startup that connects users with merchants via an instant messaging app, has acquired loyalty cards management app Smartpocket. Smartpocket was set up as a mobile technology platform that connects offline businesses to customers. It can convert a mobile device into a singular channel for all card transactions by managing loyalty cards.
buyer: Goodbox
Goodbox allows businesses to create a storefront on its app, similar to a real-world store. It enables merchants to chat with customers, upload their product/services catalog for search and discovery, take orders and accept payments. The company claims listings for about 100 categories. "
target parent: Sol Primero
target: SmartPocket
SmartPocket is a virtual wallet mobile application that digitally stores cards such as loyalty and insurance cards. It provides details related to the cards such as redeemable points, travel miles and insurance coverage. It allows users to book services and manage payments from their mobile devices.
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closed 3/8/2018 via PR Newswire

Nordstrom Inc., acquired MessageYes

synopsis: Nordstrom Inc., a leading fashion retailer, has announced that it has acquired MessageYes, a platform rooted in conversational commerce. MessageYes is the first platform to offer frictionless e-commerce over mobile messaging for brands looking to engage and transact directly with their customers.
buyer: Nordstrom Inc. (JWN:$15,478.00)
Nordstrom Inc. is a leading fashion retailer. Nordstrom operates 366 stores in 40 states, including 122 full-line stores in the United States, Canada and Puerto Rico; 232 Nordstrom Rack stores; two Jeffrey boutiques; two clearance stores; and seven Trunk Club clubhouses. "
target: MessageYes
MessageYes' mission is to help people effortlessly discover and purchase items they love using their mobile phones. MessageYes is the first platform to offer frictionless e-commerce over mobile messaging for brands looking to engage and transact directly with their customers.
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closed 7/27/2017 via BNC Analysis

Livetex LLC, acquired Red Helper

synopsis: Petersburg developer of the platform for online consultations LiveTex absorbed its Moscow rival - RedHelper. Redhelper, based in Moscow, is a provider of SaaS solutions for online customer service and behavioral data analysis for e-commerce sites.
buyer: Livetex LLC
LiveTex is the first company on the Russian market that offers not just an online consulting service, but a whole set of solutions for communicating with customers: an online consultant, a call from the site and an intelligent system of involving visitors in dialogue. "
target: Red Helper
Redhelper, based in Moscow, is a provider of SaaS solutions for online customer service and behavioral data analysis for e-commerce sites.
price ($mm)
$1.00
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closed 7/30/2014 via Company Press Release

Axivate Capital, acquired The Feedback Company

synopsis: Axivate Capital acquired a 51% stake in The Feedback Company. The Feedback Company is one of the leading Dutch companies in the field of customer feedback, focusing on ratings and reviews. They design and develop customer feedback analysis software.
buyer: Axivate Capital
Axivate Capital is an independent investment agency focused on supporting growth ambitions, internationalisation and value creation for Dutch companies in the field of digital media, e-commerce, market intelligence and the travel sector. "
target: The Feedback Company
The Feedback Company is one of the leading Dutch companies in the field of customer feedback, focusing on ratings and reviews. They design and develop customer feedback analysis software.
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closed 4/11/2018 via BusinessWire

Professional Datasolutions, Inc., acquired Excentus Corporation

synopsis: Professional Datasolutions, Inc. (PDI), a provider of enterprise software solutions, has acquired Excentus, a leading provider of loyalty and coalition marketing solutions for the U.S. retail, national brands and convenience retail segments. Excentus' SaaS loyalty platform uses data and analytics to help customers manage consumer relationships.
buyer parent: TA Associates
buyer: Professional Datasolutions, Inc.
Professional Datasolutions, Inc. (PDI) helps convenience store retailers and petroleum wholesale marketers worldwide thrive in a digital economy with enterprise management software. Customers trust PDI to optimize their operations whether they are a single site, dealer or a franchise operator. "
target: Excentus Corporation
Excentus is a leading provider of loyalty and coalition marketing solutions for the U.S. retail, grocery, national brands and convenience retail segments. Their SaaS loyalty platform uses data and analytics to help customers manage consumer relationships and find new ways to increase engagement.
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closed 1/18/2017 via PR Newswire

Augeo Marketing, acquired Edo Interactive

synopsis: Augeo, a leader in consumer and employee engagement and incentive programs across all industries, announced the acquisition of Edo Interactive, a leader in the card-linked offer industry. Edo is the pioneer in card-linked offers, providing a premier software platform connecting targeted merchant offers to credit and debit cardholders.
buyer: Augeo Marketing
Augeo is a nationally recognized leader in engagement, loyalty and incentive platforms with a focus on developing new solutions and innovative technology for clients, partners, merchants and consumers. "
target: Edo Interactive
Delivering value to advertisers, financial institutions and consumers through analytics, technology and targeted marketing, Edo is known for providing higher level personalization, managing and adjusting merchant campaigns on a continuous basis.
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closed 9/1/2016 via BNC Analysis

Hansa Cequity, acquired Inloyal

synopsis: With an aim of strengthening its customer engagement and loyalty solution offering, Mumbai-based Hansa Cequity, India’s leading and largest customer marketing company, has acquired inloyal, a mobile loyalty wallet and SaaS loyalty platform.
buyer: Hansa Cequity
Hansa Customer Equity Pvt Ltd, or Hansa Cequity, is a marketing analytics based in India. They help brands use data, analytics, technology, social media, CRM and digital marketing to build relationships with customers. "
target: Inloyal
InLoyal is a mobile loyalty wallet and SaaS loyalty platform, that can create loyalty programmes for retail merchants and have them engaged with their customers through the wallet. InLoyal was founded in mid-2014 by entrepreneur-couple Kunal Mehta and Urvi Mehta.
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closed 11/18/2014 via BusinessWire

Merkle, Inc., acquired 500friends

synopsis: Merkle, a leading technology-enabled, data-driven customer relationship marketing (CRM) firm and the nation’s largest privately-held agency, announced that it has acquired San Francisco-based 500friends, a complete cloud-based omnichannel loyalty solution provider.
buyer: Merkle, Inc.
Merkle, a technology-enabled, data-driven customer relationship marketing (CRM) firm, is the nation’s largest privately held agency. For more than 25 years, Fortune 1000 companies and leading nonprofit organizations have partnered with Merkle to maximize the value of their customer portfolios. "
target: 500friends
CMOs engage 500friends to maximize the profitability of their customer relationships. The company’s SaaS lifecycle marketing suite, LoyaltyPlus, makes it easy to execute omni-channel loyalty programs and personalized customer retention campaigns.
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closed 7/10/2019 via Company Press Release

Marlin Equity Partners, acquired Clarus Commerce

synopsis: Clarus Commerce, the only company specializing in building, managing and optimizing premium loyalty programs, announced its acquisition by Marlin Equity Partners, a global investment firm with over $6.7 billion of capital under management.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management that is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target parent: Trivergance
target: Clarus Commerce
Clarus Commerce is the only company solely focused on building, managing and optimizing customizable premium loyalty programs for retailers. They provide the full suite of services needed for a successful loyalty program, which includes the technology platform, client services, IT and operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 3/23/2016 via BusinessWire

Falcon Investment Advisors LLC, Landon Capital Partners, Trivergance, acquired Clarus Commerce

synopsis: Trivergance, in partnership with Falcon Investment Advisors and Landon Capital Partners, announced the acquisition of Clarus Commerce from Norwest Venture Partners. Clarus, a leader in e-commerce and subscription commerce solutions, has developed and manages a proprietary, flexible and scalable membership and benefit management technology platform.
buyer: Falcon Investment Advisors LLC
buyer: Trivergance
buyer: Landon Capital Partners
Trivergance is a leading independent sponsor, having invested over $1 billion of third-party, institutional equity capital. Falcon is a private equity firm investsing in leading middle market companies. Landon Capital Partners is the direct private equity investment group of the Landon family. "
target parent: Norwest Venture Partners
target: Clarus Commerce
Clarus Commerce creates and markets high-value subscription websites designed to save consumers time and money. Clarus is one of the pioneers of creating free shipping and subscription-based solutions for e-commerce businesses seeking to ease consumers’ concerns about high shipping costs.
price ($mm)
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closed 4/15/2020 via Company Press Release

Puzzel, acquired U-WFM

synopsis: Puzzel, a leading cloud-based contact centre software provider, has acquired U-WFM, a leading provider of workforce management and optimization software. U-WFM’s solution gives its customers the ability to forecast demand, monitor adherence, and optimize their contact centre operations.
buyer parent: Marlin Equity Partners
buyer: Puzzel
Headquartered in Norway, Puzzel is a leading cloud-based contact centre software provider and was a pioneer in offering integrated customer engagement as an easily-deployed service. The company combines omni-channel technology with artificial intelligence capabilities. "
target: U-WFM
Based in the UK,, U-WFM is a leading provider of workforce management and optimization software. U-WFM’s solution gives its customers the ability to forecast demand, monitor adherence, and optimize their contact centre operations for companies of all sizes and across any industry vertical.
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announced 4/7/2020 via BusinessWire

The Whitlock Group, will acquire AVI-SPL, Inc.

synopsis: H.I.G. Capital is pleased to announce the sale of its portfolio company, AVI-SPL, to Marlin Equity Partners. AVI will be merged with Whitlock, an affiliate of Marlin focused on workplace collaboration solutions. AVI-SPL designs, builds, integrates, and supports systems and environments that enable communication and collaboration.
buyer parent: Marlin Equity Partners
buyer: The Whitlock Group
Whitlock is a technology integrator, with expertise in AV, collaboration and modern workplace solutions. They advise on the best technologies to create the most impactful environments to drive positive change. "
target parent: H.I.G. Capital
target: AVI-SPL, Inc.
AVI-SPL designs, builds, integrates, and supports systems and environments that enable communication and collaboration. AVI-SPL has highly trained and certified system engineers in addition to an international network of solution providers in 30 countries.
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closed 3/5/2020 via Company Press Release

Marlin Equity Partners, acquired Heimdal Security

synopsis: Marlin Equity Partners is pleased to announce that it has acquired Heimdal Security, a leading European provider of cloud-based cybersecurity solutions. Headquartered in Copenhagen, Denmark, Heimdal’s comprehensive endpoint security suite is delivered through a subscription-based, multi-tenant cloud platform.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management that is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target: Heimdal Security
Heimdal Security is a leading European provider of cloud-based cybersecurity solutions. Headquartered in Denmark and with a strong presence in Scandinavia, and the U.K. and U.S. markets, Heimdal’s endpoint security suite is delivered through a subscription-based, multi-tenant cloud platform.
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closed 2/21/2020 via PR Newswire

insightsoftware, acquired Longview Solutions

synopsis: insightsoftware, the global leader in enterprise resource planning (ERP) and enterprise performance management (EPM) reporting solutions, announced it has acquired financial planning and tax software provider Longview.
buyer parent: TA Associates
buyer: insightsoftware
insightsoftware turns financial and operational data into a 360-degree view of the financial reporting lifecycle for better business outcomes. Through turnkey reporting and enterprise performance management solutions, it provides real time access to data-driven insights and overviews. "
target parent: Marlin Equity Partners
target: Longview Solutions
Longview makes performance management software for the Now business realities. Hundreds of thousands of business leaders from Global 2000 companies leverage Longview daily to make strategic and immediate business decisions with confidence, based on the truth.
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closed 1/15/2020 via PR Newswire

Skyview Capital LLC, acquired Fidelis Cybersecurity Solutions, Inc.

synopsis: Skyview Capital, LLC, a global private investment firm, has acquired Fidelis Cybersecurity, Inc. from a consortium of investors. Fidelis is a leading provider of threat detection, hunting, and response solutions trusted by large corporations and government entities as the last line of defense.
buyer: Skyview Capital LLC
Skyview Capital is a global private investment firm that specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services, and manufacturing. "
target parent: Marlin Equity Partners
target: Fidelis Cybersecurity Solutions, Inc.
Fidelis Cybersecurity is a provider of threat detection, hunting, and response solutions. Fidelis combats cybercrime, data theft, and espionage by providing full visibility across hybrid cloud / on-prem environments, automating threat and data theft detection, and optimizing incident response.
price ($mm)
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closed 1/9/2020 via Company Press Release

Virgin Pulse, acquired Blue Mesa

synopsis: Virgin Pulse, the world’s largest, most comprehensive digital health and wellbeing SaaS company, has acquired Blue Mesa Health, Inc. (Blue Mesa), a leading mobile-first Diabetes Prevention Program (DPP) technology platform that enables pre-diabetic employees and health plan members to more effectively manage their health.
buyer parent: Marlin Equity Partners
buyer: Virgin Pulse
Virgin Pulse is the world’s largest, most comprehensive digital health, well-being and engagement company. Virgin Pulse is focused on engaging users every day in building and sustaining healthy behaviors and driving measurable outcomes for employees, employers and health plans. "
target: Blue Mesa
Blue Mesa is a global digital therapeutics company. Blue Mesa offers a mobile-first Diabetes Prevention Program (DPP) technology platform that enables pre-diabetic employees and health plan members to more effectively manage their health.
price ($mm)
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closed 1/8/2020 via Company Press Release

Virgin Pulse, acquired Yaro

synopsis: Virgin Pulse, the world’s largest, most comprehensive digital health and wellbeing SaaS company, has acquired Yaro, a leading provider of benefits navigation and care guidance solutions. Yaro offers a mobile digital navigation and health literacy platform that helps consumers better understand, find and pay for healthcare services.
buyer parent: Marlin Equity Partners
buyer: Virgin Pulse
Virgin Pulse is the world’s largest, most comprehensive digital health, well-being and engagement company. Virgin Pulse is focused on engaging users every day in building and sustaining healthy behaviors and driving measurable outcomes for employees, employers and health plans. "
target: Yaro
Yaro is a leading provider of benefits navigation and care guidance solutions. Yaro offers a mobile digital navigation and health literacy platform that helps consumers better understand, find and pay for healthcare services according to their specific needs and preferences.
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closed 12/11/2019 via Company Press Release

Puzzel, acquired Logicalware

synopsis: Puzzel, a leading European Contact Center as a Service (CCaaS) provider, has announced the acquisition of Logicalware, a provider of email automation and customer service software. Logicalware’s best-in-class suite of customer service software solutions allow agents to efficiently and cost-effectively manage their customer support services
buyer parent: Marlin Equity Partners
buyer: Puzzel
Puzzel is a leading cloud-based contact center software provider. Headquartered in Oslo, Norway, with offices in six European markets including the U.K., the company serves more than 900 customers across 40 countries. "
target: Logicalware
Logicalware Ltd is a provider of email automation and customer service software headquartered in Scotland. Logicalware’s best-in-class suite of customer service software solutions allow agents to efficiently and cost-effectively manage their customer support services
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closed 11/20/2019 via BNC Analysis

Medius, acquired Wax Digital Ltd.

synopsis: Medius, a leading global provider of accounts payable (AP) invoice automation solutions, announced that it has acquired Wax Digital, an industry leading e-procurement and spend management solutions provider headquartered in the U.K.
buyer parent: Marlin Equity Partners
buyer: Medius
Based in Sweden, Medius is a leading global provider of accounts payable (AP) invoice automation solutions helping companies drive their business forward by providing best-in-class process efficiency and greater financial control. "
target: Wax Digital Ltd.
Based in the UK, Wax Digital has been working closely with savings-focused organisations to deliver e-Procurement and spend management solutions that help them get better value from their buying. Wax Digital provides web3, an innovative spend management software suite.
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closed 8/29/2019 via GlobeNewswire

Bazaarvoice, Inc., acquired Influenster

synopsis: Bazaarvoice, Inc., the leading provider of product reviews and user-generated content solutions, has acquired Influenster, a product discovery and reviews platform. The acquisition combines Influenster’s engaged community of everyday consumers with Bazaarvoice’s industry-leading software and network of over 6,000 global brand and retailer websites.
buyer parent: Marlin Equity Partners
buyer: Bazaarvoice, Inc. (BV:$206.30)
Bazaarvoice helps brands and retailers find and reach consumers. Each month in the Bazaarvoice Network, more than one-half billion consumers view and share authentic consumer-generated content (CGC), including ratings and reviews and curated visual content, across 5,000 brand and retail websites. "
target: Influenster
Influenster is a product discovery and reviews platform for consumers. The platform has more than 38 million product reviews, growing by one million monthly, written by nearly six million members.
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closed 7/10/2019 via Company Press Release

Marlin Equity Partners, acquired Clarus Commerce

synopsis: Clarus Commerce, the only company specializing in building, managing and optimizing premium loyalty programs, announced its acquisition by Marlin Equity Partners, a global investment firm with over $6.7 billion of capital under management.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management that is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target parent: Trivergance
target: Clarus Commerce
Clarus Commerce is the only company solely focused on building, managing and optimizing customizable premium loyalty programs for retailers. They provide the full suite of services needed for a successful loyalty program, which includes the technology platform, client services, IT and operations.
price ($mm)
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announced 7/10/2019 via PE Hub

Bridgepoint, will acquire QualiTest Group

synopsis: Bridgepoint has agreed to acquire a majority stake in Qualitest, a software testing and quality assurance company. Bridgepoint will replace Marlin Equity Partners as the majority owner of Qualitest. QualiTest Group is the world’s largest pure-play outsourced software testing and business assurance specialist with offices in the US, UK and India.
buyer: Bridgepoint
Bridgepoint is an international private equity group focused on acquiring middle market companies in attractive markets with the potential to grow organically or through acquisition. it focuses on acquiring well managed companies in sectors with the potential to grow through acquisition. "
target parent: Marlin Equity Partners
target: QualiTest Group
QualiTest Group is the world’s largest pure-play outsourced software testing and business assurance specialist with offices in the United States, the United Kingdom, Israel and India.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/10/2019 via PE Hub

HotSchedules merged with Fourth Ltd.,

synopsis: Marlin Equity Partners is pleased to announce that it has acquired HotSchedules and Fourth, two leading providers of workforce, inventory and operations management solutions to the global restaurant and hospitality industry. Marlin has merged the two companies to create the industry’s most comprehensive back-of-house software suite.
buyer parent: Marlin Equity Partners
buyer: Fourth Ltd.
Fourth provides complete, end-to-end restaurant and hospitality management solutions that empower operators to optimize profits, enhance guest satisfaction, improve employee engagement and scale profitably. "
target: HotSchedules
HotSchedules provides state-of-the-art technology, services and user experiences for the restaurant, retail and hospitality verticals. Over 30,000 customers across 170,000+ locations globally rely on HotSchedules’ software to help them control costs, maintain compliance, and improve visibility.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/26/2019 via GlobeNewswire

Mill Point Capital, acquired Anexinet Corporation

synopsis: Anexinet, a company that specializes in helping companies design, build, and run their digital applications and platforms, announced that it has been acquired by Mill Point Capital, a middle-market private equity firm focused on control-oriented investments in North America.
buyer: Mill Point Capital
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. Mill Point works with executive partners to leverage its investment professionals' experience, while providing strategic and operational guidance. "
target parent: Marlin Equity Partners
target: Anexinet Corporation
Anexinet specializes in helping companies design, build, and run their digital applications and platforms. For 20 years, Anexinet has delivered intelligent insights, customer engagement and enterprise modernization solutions that drive impactful business outcomes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/10/2019 via Company Press Release

Logi Analytics, acquired Zoomdata

synopsis: Logi Analytics, Inc. announced the acquisition of Zoomdata, the leading analytics platform for big data and live streaming data. Zoomdata’s unique and patented streaming technology allows real-time visibility into data that is too big to move and data that changes frequently.
buyer parent: Marlin Equity Partners
buyer: Logi Analytics
Logi is the only developer-grade analytics platform focused exclusively on embedding analytics in commercial and enterprise applications. Logi leverages clients' existing tech stack and supports customization and white-labeling, so clients can quickly build a completely unique analytics experience. "
target: Zoomdata
Zoomdata is a data visualization and analytics software platform company that specializes in real-time exploration of big data, streaming data, and multisource analysis. Its data access framework leverages modern data sources for high performance and security in mission-critical data applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2019 via Company Press Release

Marlin Equity Partners, acquired Puzzel

synopsis: Marlin Equity Partners has acquired Puzzel, a leading European provider of cloud-based contact center software solutions. Puzzel’s best-in-class, multi-tenant contact center as a service (CCaaS) platform allows clients worldwide to manage and optimize their customer interactions across voice, email, chat and social media channels.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target parent: Herkules Capital
target: Puzzel
Puzzel is a leading cloud-based contact center software provider and one of the first pioneers to develop a cloud-based contact center offering. Headquartered in Oslo, Norway, with offices in six European markets including the U.K., the company serves more than 900 customers across 40 countries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/24/2019 via BNC Analysis

Marlin Equity Partners, acquired Skuid

synopsis: Marlin Equity Partners has picked up a majority stake in no-code cloud app development platform Skuid through a recapitalisation deal. With Skuid, hundreds of companies quickly design and deploy enterprise apps that more than 5 million users love to use—all with no code required.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target: Skuid
Skuid is the world’s first and leading no-code cloud platform for rapid digital innovation. With Skuid, hundreds of companies quickly design and deploy enterprise apps that more than 5 million users love to use—all with no code required.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/25/2019 via GlobeNewswire

Marlin Equity Partners, acquired Worksoft

synopsis: Worksoft, Inc., a leading provider of continuous test automation software, and Marlin Equity Partners, a global investment firm, announced Marlin’s majority recapitalization of and growth equity investment in Worksoft.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target: Worksoft
Worksoft is a leading global provider of automation software for high-velocity business process testing and discovery. Enterprises use Worksoft intelligent automation to innovate faster, lower technology risk, reduce costs, improve quality, and understand their real end-to-end business processes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/13/2019 via PR Newswire

Tango Card, acquired GiftCertificates.com Corporation

synopsis: Tango Card, a leading digital rewards and incentives provider, announced that it has acquired GiftCertificates.com, one of the incentive industry's earliest providers of physical and digital incentives for enterprise customers.
buyer: Tango Card
Tango Card is the leader in fulfilling digital rewards and incentives. They bundle simple technology, great rewards, and expert service to help companies get the most out of their rewards programs. "
target parent: Marlin Equity Partners
target: GiftCertificates.com Corporation
GiftCertificates.com™ is a leading e-commerce provider of innovative reward solutions and gift products for both the corporate and consumer markets. GiftCertificates.com is the reward and gift brand of choice in today’s marketplace.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/12/2019 via GlobeNewswire

Logi Analytics, acquired Jinfonet Software, Inc.

synopsis: Logi Analytics has announced the acquisition of Jinfonet Software, the leading provider of data visualization and reporting software for the enterprise. Its cornerstone product, JReport, is a leading Java reporting solution that delivers integrated business intelligence.
buyer parent: Marlin Equity Partners
buyer: Logi Analytics
Logi Analytics empowers companies to embed analytics into the fabric of their organizations and products—enabling anyone to analyze data, share insights, and make informed decisions. With Logi, product teams create analytic applications that are purpose-built to users’ unique roles. "
target: Jinfonet Software, Inc.
Jinfonet Software is the leading provider of data visualization and reporting software for the enterprise. Its cornerstone product, JReport, is a leading Java reporting solution that delivers integrated business intelligence.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/30/2017 via BNC Analysis

Technische Werke Ludwigshafen AG, acquired WEBfactory GmbH

synopsis: Fidura Private Equity Fonds has sold their majority stake in the software company WEBfactory GmbH in Buchen (Odenwald) successfully to Technische Werke Ludwigshafen AG (TWL). WEBFactory provides standard software for the surveillance and control of machines and industrial systems and for the online analysis and assessment of production data.
buyer: Technische Werke Ludwigshafen AG
Technische Werke Ludwigshafen AG (TWL) is a local utility company based in Ludwigshafen am Rhein, Germany. TWL has for over 100 years supplied the city of Ludwigshafen with electricity, gas, refrigeration, water and district heating. "
target parent: Fidura Private Equity Fonds
target: WEBfactory GmbH
WEBfactory GmbH, headquartered in Baden-Württemberg, Buchen, provides standard software for the surveillance and control of machines and industrial systems and for the online analysis and assessment of production data.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/28/2016 via Market Wire

N. Harris Computer Corporation, acquired iMDsoft

synopsis: Constellation Software Inc., announced its wholly-owned subsidiary N. Harris Computer Corporation has acquired all of the shares of I.M.D. Soft Limited a leading international clinical information systems software provider.
buyer parent: Constellation Software, Inc.
buyer: N. Harris Computer Corporation
Harris has focused on providing feature-rich and robust turnkey solutions to Public Sector, Schools, Utility, and Health Care agencies throughout North America. Harris’ focus is on creating long-term relationships with its customers and ensuring that it meets the changing needs of its customers. "
target parent: TPG Capital
target: iMDsoft
iMDsoft is a leading provider of proven clinical information systems worldwide. The Company’s products are designed to enhance quality of care for critically ill patients and improve financial performance for healthcare providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/9/2012 via PR Newswire

MetrixLab, acquired MarketTools Inc.

synopsis: MetrixLab, a global provider of online consumer research services, announced that it has acquired MarketTools Research Solutions Inc., a leader in services and software for market research, from TPG Growth. MarketTools is known for pioneering some of the first research technologies on the Internet.
buyer: MetrixLab
MetrixLab is a fast-growing global provider of online consumer research services. Its solutions are employed by over half of the Top 100 Global Brands such as Microsoft, Philips, Google and Heineken. The company is headquartered in Rotterdam, The Netherlands. "
target parent: TPG Capital
target: MarketTools Inc.
MarketTools is the leading provider of services and software for market research. Through the use of advanced respondent engagement techniques and comprehensive analytic tools, MarketTools helps clients innovate, optimize and execute programs that deliver high-value business impact.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/23/2019 via PR Newswire

Dynata, will acquire Reimagine Holdings Group

synopsis: Dynata, a global leader in first-party data and data services, announces it has reached an agreement to acquire Reimagine Holdings Group, a global leader in data creation and technology-enabled business intelligence headquartered in Westport, Connecticut.
buyer parent: Court Square Capital Partners
buyer: Dynata
Dynata is the premier global provider of data solutions and technology for consumer and B2B survey research. Dynata reaches participants in 90+ sample countries via internet, telephone, mobile/wireless and mixed-access offerings. "
target: Reimagine Holdings Group
Reimagine is a global leader in data creation for business intelligence, and has redefined the insights industry by acquiring and investing in growth-oriented, technology-enabled service companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/14/2017 via PR Newswire

The Shipyard, acquired TOMORRO\\\ LLC

synopsis: The Shipyard, an independent marketing firm, today announces the acquisition of TOMORRO\\\, an innovation consultancy led by marketing icon Jon Bond – combining the companies' strategic, creative and data-centric talents to address rising demand from businesses seeking to inoculate themselves against Disruption.
buyer: The Shipyard
The Shipyard is an independent marketing consultancy and the first "marketing engineering" firm. It is creating digital transformation for the world's most significant brands- where high velocity content creation meets big data, where competitive strategy meets creative and disruptive advertising. "
target: TOMORRO\\\ LLC
TOMORRO\\\ LLC is a consultancy designed to accelerate brand value through the adoption of the most forward-thinking marketing approaches and technologies. TOMORRO\\\ is an active investor and advisor in ad technology companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/23/2018 via BNC Analysis

startup300 AG, acquired Pioneers.io

synopsis: startup300, an Austrian angel investor network and business accelerator, has acquired Pioneers.io, an international relationship builder in the tech and startup scene. Pioneers' flagship event, Pioneers Festival, brings together a global community of 2,500 founders, investors, and innovation executives to build partnerships and shape the future.
buyer: startup300 AG
startup300 is an Austrian angel investor network and business accelerator that offers their services to Austrian startups. The group consists of 142 angels and investors that help startups grow their businesses. They focus on startups that have scalable, innovative or disruptive business models. "
target: Pioneers.io
Pioneers.io is an international relationship builder in the tech and startup scene, offering events, consulting, and investment. Their Pioneers Festival event brings together a global community of 2,500 founders, investors, and innovation executives to build partnerships and shape the future.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/31/2017 via BNC Analysis

Capiton AG, will acquire Gemaco N.V.

synopsis: Capiton has entered into an agreement on the acquisition of a majority stake in Gemaco Group with the current majority shareholder Saffelberg Investments. Gemaco Group based with its headquarters in Mechelen, Belgium is a leading provider of full-service merchandising and promotional marketing solutions for global industry.
buyer: Capiton AG
Capiton is an owner-managed financial investor that invests in large SMEs in Germany, Austria and Switzerland by means of MBOs and expansion financing. capiton's roots go back to the late 1970s. "
target parent: Saffelberg Investments
target: Gemaco N.V.
Gemaco Group based with its headquarters in Mechelen, Belgium is a leading provider of full-service merchandising and promotional marketing solutions for global industry and fast-moving consumer goods (FMCG) customers. The Group has 13 locations worldwide.
price ($mm)
rev ($mm)
$96
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/21/2016 via Company Press Release

New Hope Communications Inc., acquired Nutrition Capital Network

synopsis: New Hope, a company that helps suppliers, manufacturers & retailers bring healthy, organic & natural products to life, has acquired the assets of Nutrition Capital Network (NCN), a company that holds four annual investor meetings which focus on investment and acquisition opportunities in branded products, ingredients and technology.
buyer parent: Informa plc
buyer: New Hope Communications Inc.
New Hope Network is at the forefront of the healthy lifestyle products industry. With solutions for the complete supply chain from manufacturers, retailers/distributors and service providers, the network offers a robust portfolio of content, events, data, research and consultative services. "
target: Nutrition Capital Network
Nutrition Capital Network holds four annual investor meetings which focus on investment and acquisition opportunities in branded products, ingredients and technology. They facilitate financing for growing companies and introduce investors to the next generation of brands.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/3/2018 via PR Newswire

RMRM Holdings, Sound Point Capital Management, will acquire Relativity Media, LLC

synopsis: Relativity Media has agreed to sell all of its assets to UltraV Holdings LLC, a joint venture among funds managed by Sound Point Capital Management and RMRM Holdings. Relativity Media operates a portfolio of major studio quality film assets with the capabilities and infrastructure to produce and distribute high caliber, original content.
buyer: RMRM Holdings
buyer: Sound Point Capital Management
UltraV Holdings LLC is a joint venture among funds managed by Sound Point Capital Management, a New York-based asset management firm with approximately $17 billion of assets under management, and RMRM Holdings, which is led by David Robbins, Lex Miron and Larry Robbins. "
target: Relativity Media, LLC
Relativity Media operates a portfolio of major studio quality film assets with the capabilities and infrastructure to produce and distribute high caliber, original content. They are engaged in the production and distribution of movies, television, fashion, sports, digital and music.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/4/2018 via PR Newswire

SilverLake, will acquire Weld North Education

synopsis: Silver Lake, the global leader in technology investing, announced that it will acquire a majority stake in Weld North Education (WNE), a leading digital education technology company focused on developing digital curriculum and tools for preK-12th grade, from KKR.
buyer: SilverLake
Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. "
target parent: Kohlberg Kravis Roberts & Co.
target: Weld North Education
Weld North Education operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/14/2017 via BNC Analysis

Boubyan Petrochemical Company, will acquire Educational Holding Group

synopsis: Boubyan Petrochemicals, the first private-sector company in Kuwait that invested in the government-controlled petrochemical sector, is to acquire majority stake in Educational Holding Group, the first private educational investments organization in Kuwait. Boubyan Petrochemicals is looking to buy 32.8% stake and currently hold 21.12% stake.
buyer: Boubyan Petrochemical Company (KWSE:BPCC:$93.42)
Boubyan Petrochemical Company K.S.C., a Kuwaiti shareholding company listed on the Kuwait Stock Exchange, is the first private-sector company in Kuwait that invested in the government-controlled petrochemical sector. The company was established on February 12, 1995 "
target: Educational Holding Group (KWSE:EDU:$38.04)
Founded in 1982, Educational Holding Group was the first private educational investments organization in Kuwait. The group has grown manifold with a portfolio that covers the entire educational life-cycle, ranging from K-12, tertiary education and vocational training and development.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/8/2005 via BusinessWire

eLocalAccess, LLC merged with TradeMaven Group LLC,

synopsis: TradeMaven LLC and eLocal today jointly announced they have merged the two firms to form TradeMaven Group LLC (TMG). The merger is one of the most significant in the online trading industry, combining TradeMaven's leading technology for online trading with eLocal's exceptional retail and institutional execution and brokerage services.
buyer: TradeMaven Group LLC
TradeMaven was founded with the mission of providing high-performance and cost-effective trading software for experienced and new traders. TM is used by Futures, Forex & Bond Traders worldwide. "
target: eLocalAccess, LLC
eLOCAL was established and registered with the NFA and CFTC in July 2000 culminating in the merger of two large independent local clearing firms at the Chicago Board of Trade.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/15/2009 via AP - Associated Press

Nordnet Bank AB, will acquire eQ Corporation

synopsis: Nordnet Bank AB has signed an agreement to acquire 100% of the shares in the Finnish company eQ, from Straumur Burdaras Investment Bank hf. eQ, the largest online-broker in Finland, has about 57 000 customer and the group specializes in investment services through three business areas; Securities Brokerage, Asset Management and Corporate Finance.
buyer: Nordnet Bank AB
The Nordnet Group provides user-friendly and cost efficient services to private investors and companies within share trading, mutual fund investments and pension savings plans. The holding company, Nordnet AB (plc), is listed on the Stockholm Stock Exchange. "
target parent: Straumur Burdaras Investment Bank, hf.
target: eQ Corporation
eQ, the largest online-broker in Finland, has about 57,000 customers and the group specializes in investment services through three business areas; Securities Brokerage, Asset Management and Corporate Finance.
price ($mm)
$51
rev ($mm)
$34
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 4/21/2020 via BNC Analysis

SoFi, acquired 8 Securities Limited

synopsis: Consumer financial services platform SoFi has acquired 8 Securities, a Hong Kong-based investing app. Targeted to personal investors, 8 Securities will rebrand to SoFi Hong Kong and will begin launching services in other markets in addition to Hong Kong. 8 Securities was the first mobile-only investment service and robo-advisor to launch in Asia.
buyer: SoFi
SoFi is a values-driven company on a mission to help members get their money right. They create modern financial products and services that help people borrow, save, spend, invest, and protect their money better, so that they can achieve financial independence and realize their ambitions. "
target: 8 Securities Limited
Hong Kong-based 8 Securities is a cloud-based brokerage platform that provides simple, transparent, and affordable mobile investing solutions. The company allows users to trade over 15,000 US and Hong Kong stocks and exchange traded funds as much as they like free of commission.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/30/2020 via GlobeNewswire

Guardian Capital Group, will acquire ModernAdvisor

synopsis: Guardian Capital Group Limited, a Canadian diversified financial services company, will acquire Modern Advisor Canada Inc., a leading Canadian digital advisor platform. ModernAdvisor is a fintech start-up that helps investors to reach their investment goals through transparent, unbiased, and cost-effective investment management services.
buyer: Guardian Capital Group (TSX:GCG.A:$136.06)
Guardian Capital is a Canadian diversified financial services company operating in Asset Management and Financial Advisory. Guardian provides investment management services, financial advisory services, retail distribution of mutual funds, insurance, and general corporate services. "
target: ModernAdvisor
Vancouver-based ModernAdvisor is a digital investment management company. ModernAdvisor uses technology to help advisors bring Canadians intelligent investing options, allowing them to reach their investment goals through transparent, unbiased, and cost-effective investment management services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/2/2015 via BNC Analysis

Wealthsimple, will acquire ShareOwner

synopsis: Wealthsimple Financial Inc., Canada's leading online investing service, announced it has acquired Canadian ShareOwner Investments Inc., the country's first automated investment manager.
buyer: Wealthsimple
Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. "
target: ShareOwner
ShareOwner (Canadian ShareOwner Investments) has been providing independent investment education and low-cost investing services to retail investors since 1987.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/3/2014 via BusinessWire

Evercore Partners Inc., acquired ISI Group, Inc.

synopsis: Evercore announced that it has acquired the operating businesses of ISI International Strategy & Investment (“ISI”). ISI is a leading independent research-driven equity sales and agency trading firm. ISI is a full service broker-dealer offering macro and fundamental research, sales and trading.
buyer: Evercore Partners Inc. (EVR:$1,004.73)
Evercore Partners is a leading independent investment banking advisory firm. Evercore’s Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions. "
target: ISI Group, Inc.
ISI is a leading independent research-driven equity sales and agency trading firm. ISI strives to be the Street’s best investment research resource for their clients' money management performance. ISI is a full service broker-dealer offering macro and fundamental research, sales and trading.
price ($mm)
$132
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/21/2009 via BusinessWire

PFGBEST, will acquire Alaron Futures & Options

synopsis: PFGBEST announced that it is purchasing the customer assets of Alaron. It will be formed into a new division called ATD, a division of PFGBEST. Both companies have been leaders in the futures industry for 20 years, through the evolution of online trading that helped level the playing field for retail futures market participants.
buyer: PFGBEST
PFGBEST is the second-largest non-clearing U.S. Futures Commission Merchant, with customers, affiliates and brokerage offices in more than 80 countries. It offers a range of trading and investor products and services for retail investors as well as for commercial and institutional clients. "
target: Alaron Futures & Options
Alaron, founded in 1989 in Chicago, provides electronic and pit-based futures trading and asset management services to institutions and retail clients on five continents. Alaron built upon its core business by integrating global trading systems and analysis techniques used by professional traders.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/15/2008 via PR Newswire

Lightspeed Professional Trading, LLC, acquired Integrity Trading Inc.

synopsis: Lightspeed Financial, LLC, announced that it has completed the acquisition of Integrity Trading Inc., a Direct Market Access broker/dealer that provides execution and clearing services to retail and institutional customers. Terms of the transaction were not disclosed.
buyer: Lightspeed Professional Trading, LLC
Lightspeed Professional Trading, LLC is a Direct Market Access trading and trading technology development business. Formerly E*TRADE Professional Trading, LLC, the firm was acquired by the current management team in a management buyout from E*TRADE Financial in 2006. "
target: Integrity Trading Inc.
Integrity Trading International is a broker dealer registered in the United States offering clearing and execution to U.S. and foreign banks, broker dealers and individuals interested in accessing the U.S. market and reselling our services in foreign countries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2010 via BNC Analysis

FXCM Inc., acquired ODL Securities

synopsis: ODL Group Limited (“ODL”), a leading, independent forex, derivatives, equities and commodities broker, has been acquired by US-based FXCM Holdings LLC (“FXCM”), a leading global forex broker that caters to both retail and institutional markets.
buyer: FXCM Inc. (GLBR:$417.32)
FXCM Inc. is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. "
target: ODL Securities
ODL Securities Limited (ODLS) commenced trading early in 1995. Initially it specialised in derivatives and equities but recently has seen significant growth in foreign exchange, equity CFDs, Corporate and Government bond trading and other over-the-counter (OTC) products.
price ($mm)
$55
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Beyond Commerce, Inc.
Beyond Commerce, Inc.
Beyond Commerce is focused on business combinations of “big data” companies in the global B2B internet marketing analytics, technologies and related services space. The Company’s objective is to develop and deploy disruptive strategic software technology that will build on organic growth potential.
year
2019
rev ($mm)
$0.46
EBITDA ($mm)
EBIT ($mm)
($1.38)
Net Income ($mm)
Employees
1
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Ticker: OB:CXENSE
 
 
 
 
 
 
 
 
Cxense
Cxense
Cxense helps businesses succeed in a digital world. Using audience data and advanced real-time analytics, Cxense creates hyper-relevant content recommendations, targeted advertising and predictive search that help increase digital revenue for publishers and e-commerce businesses.
year
2019
rev ($mm)
$19.56
EBITDA ($mm)
($6.29)
EBIT ($mm)
($7.28)
Net Income ($mm)
Employees
104
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Ticker: SLC
 
 
 
 
 
 
 
 
Slyce
Slyce
Slyce is a visual search technology company based in Toronto, Ontario and is engaged in the business of providing advanced visual search software that allows consumers to purchase products at the moment they discover them - in the real world and online.
year
2015
rev ($mm)
$0.83
EBITDA ($mm)
($9.35)
EBIT ($mm)
($9.48)
Net Income ($mm)
Employees
70
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Ticker: KKR
 
 
 
 
 
 
 
 
Kohlberg Kravis Roberts & Co.
Kohlberg Kravis Roberts & Co.
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies, and hedge funds. With offices around the world, KKR manages assets through a variety of investment funds.
year
2019
rev ($mm)
$4,733.31
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$1,096.97
Employees
0
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Ticker: NYSE:APO
 
 
 
 
 
 
 
 
Apollo Global Management
Apollo Global Management
Apollo Global Management, LLC and its subsidiaries is a leading global alternative investment manager. They are contrarian, value-oriented investors in private equity, credit and real estate, with significant distressed expertise.
year
2019
rev ($mm)
$2,833.48
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$843.19
Employees
0
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Ticker: RTOBF
 
 
 
 
 
 
 
 
Ratos AB
Ratos AB
Ratos is a private equity company that invests in Nordic companies where their core expertise as a professional, active and responsible owner over time creates good value growth. Added value is created in connection with acquisition, development and divestment of these primarily unlisted companies.
year
2019
rev ($mm)
$2,530.41
EBITDA ($mm)
$141.89
EBIT ($mm)
$80.55
Net Income ($mm)
Employees
0
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Ticker: SIVB
 
 
 
 
 
 
 
 
Silicon Valley Bank
Silicon Valley Bank helps innovative companies and their investors move bold ideas forward, fast. They provide a full range of financial services to companies of all sizes in innovation centers around the world.
year
2018
rev ($mm)
$2,387.31
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$824.79
Employees
2836
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Ticker: BX
 
 
 
 
 
 
 
 
Blackstone Group LP
Blackstone Group LP
Blackstone is one of the world’s leading investment firms. They seek to create positive economic impact and long-term value for their investors, the companies they invest in, and the communities in which they work. They use extraordinary people and flexible capital to help companies solve problems.
year
2020
rev ($mm)
$1,913.85
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$501.89
Employees
0
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Ticker: CG
 
 
 
 
 
 
 
 
Carlyle Group
Carlyle Group
The Carlyle Group is a global alternative asset manager with $193 billion of assets under management across 128 funds and 159 fund of funds vehicles as of June 30, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions.
year
2020
rev ($mm)
$1,544.30
EBITDA ($mm)
$357.20
EBIT ($mm)
$293.80
Net Income ($mm)
Employees
0
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Ticker:
 
 
 
 
 
 
 
 
Oaktree Capital Management, LLC
Oaktree Capital Management, LLC
Oaktree is a leader among global investment managers specializing in alternative investments. They emphasize an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt, control investing, convertible securities, real estate and listed equities.
year
2019
rev ($mm)
$1,315.17
EBITDA ($mm)
$357.51
EBIT ($mm)
$331.49
Net Income ($mm)
$224.77
Employees
0
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Ticker: TSX:ONEX
 
 
 
 
 
 
 
 
Onex Corporation
Onex Corporation
Founded in 1984, Onex is one of the oldest and most successful private equity firms. They acquire and build high-quality businesses in partnership with talented management teams. They also invest in non-investment grade debt through credit funds and collateralized loan obligations.
year
2019
rev ($mm)
$1,081.00
EBITDA ($mm)
$857.00
EBIT ($mm)
$822.00
Net Income ($mm)
$4,277.00
Employees
0
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Ticker: COWN
 
 
 
 
 
 
 
 
Cowen Group, Inc.
Cowen Group, Inc.
Cowen Inc. is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. Cowen Inc. focuses on delivering value-added capabilities to their clients in order to help them outperform.
year
2019
rev ($mm)
$865.94
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$36.16
Employees
0
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Ticker: EQT
 
 
 
 
 
 
 
 
EQT AB
EQT AB
EQT is a leading Swedish investment firm with more than EUR 61B in raised capital across 29 funds and around EUR 40B in assets under management. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19B and approximately 110,000 employees.
year
2019
rev ($mm)
$670.81
EBITDA ($mm)
$215.55
EBIT ($mm)
$199.55
Net Income ($mm)
$178.52
Employees
0
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Ticker: PSEC
 
 
 
 
 
 
 
 
Prospect Capital Corporation
Prospect Capital Corporation is a business development company that operates as a closed-end, non-diversified investment company that lends to and invests in energy-related businesses.
year
2013
rev ($mm)
$625.80
EBITDA ($mm)
EBIT ($mm)
$433.31
Net Income ($mm)
$292.38
Employees
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Ticker: TGOPF
 
 
 
 
 
 
 
 
3i Group Plc
3i Group Plc
3i Group plc is a multinational private equity and venture capital company headquartered in London, United Kingdom. It has offices in 13 countries across the Americas, Asia and Europe and had total assets under management of £10.5 billion as at 31 March 2012.
year
2020
rev ($mm)
$403.39
EBITDA ($mm)
$256.93
EBIT ($mm)
$253.21
Net Income ($mm)
$265.62
Employees
0
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Ticker: ENXTPA:FIM
 
 
 
 
 
 
 
 
Fimalac SA
Fimalac SA
Fimalac is a diversified holding company, listed on the Paris Stock Exchange, founded and managed by Marc Ladreit de Lacharrière. Fimalac Group is engaged in private equity, digital media, live shows and hotels and recreation.
year
2016
rev ($mm)
$392.72
EBITDA ($mm)
($13.56)
EBIT ($mm)
($54.12)
Net Income ($mm)
$68.47
Employees
2911
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Ticker: GIMB
 
 
 
 
 
 
 
 
Gimv
Gimv
Gimv is a European investment company with over three decades of experience in private equity and venture capital. Gimv currently manages around EUR 1.8 billion (including co-investment partnerships) of investments in about 50 portfolio companies.
year
2018
rev ($mm)
$244.30
EBITDA ($mm)
$205.78
EBIT ($mm)
$204.62
Net Income ($mm)
$119.37
Employees
0
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Ticker: MAIN
 
 
 
 
 
 
 
 
Main Street Capital Corporation
Main Street Capital Corporation
Main Street Capital Corporation is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies.
year
2020
rev ($mm)
$238.16
EBITDA ($mm)
EBIT ($mm)
$205.20
Net Income ($mm)
Employees
0
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