Banneker Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Banneker Partners has invested in 1 company.

Banneker Partners’ most common sectors for investment aresoftware (59%) and internet software and services (17%) . The Firm’s most common investment types include divestiture (34%) and growth capital (34%). In total, Banneker Partners has invested in 6 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Ancestry.com for $2.6B.

The Firm’s most common exit type is trade sale (75%). Banneker Partners’ largest (disclosed) exit occurred in 2020 when it sold Ancestry.com for $4.7B.

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M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity12
    • M&A Sell Activity4
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8

Banneker Partners LLC

480 Pacific Avenue, Suite 200,
San Francisco, California 94133
United States
(415) 758-4177
www.bannekerpartners.com
khufford@bannekerpartners.com

Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco.


Investment Criteria

Sectors of Interest: Business Services, Information Technology, Internet Software and Services, Software

Target Transaction Types: Buyout (LBO, MBO, MBI)

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.4/yr) # 10 1 1 - - - 12
vol $4.0B $4.0B
Sell (0.0/yr) # 4 - - - - - 4
vol $6.8B $6.8B
  16

Most Recent M&A

Company Date Value Type
Surgimate 2022-09-20 - Stake Purchase
New York, New York · www.surgimate.com
Fluence Technologies 2021-05-04 - Growth Capital
Toronto, Ontario · www.fluencetech.com
Versaterm, Inc. 2020-12-08 - Growth Capital
Ottawa, Ontario · www.versaterm.com
Ancestry.com, Inc. 2020-08-05 4.7B USD Secondary Buyout
Provo, Utah · www.ancestry.com
Pepperjam LLC 2020-07-29 - Add-on Acquisition
Wilkes-Barre, Pennsylvania · www.pepperjam.com
Dairy.com 2019-08-29 - Buyout (LBO, MBO, MBI)
Frisco, Texas · www.dairy.com
IQMS.com 2018-12-11 425M USD Add-on Acquisition
Paso Robles, California · www.iqms.com
Routeware, Inc. 2018-09-01 - Buyout (LBO, MBO, MBI)
Portland, Oregon · www.routeware.com
Magento, Inc. 2018-05-21 1.7B USD Add-on Acquisition
Campbell, California · www.magento.com
Ancestry.com, Inc. 2016-04-01 2.6B USD Secondary Buyout
Provo, Utah · www.ancestry.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Genesys Telecommunications Laboratories, Inc. 2012-02-01 Pointillist, Inc. 2021-10-07 17
Daly City, California · www.genesys.com Boston, Massachusetts · www.pointillist.com
Genesys Telecommunications Laboratories, Inc. 2012-02-01 Bold360 2021-03-16 16
Daly City, California · www.genesys.com Boston, Massachusetts · www.bold360.com
Genesys Telecommunications Laboratories, Inc. 2012-02-01 Angel.com Incorporated 2013-02-26 15
Daly City, California · www.genesys.com Vienna, Virginia · www.angel.com

M&A by Sector

Sector Current # Value All-time # Value
Software 6 (75%) 1.4B (100%) 7 (58%) 1.4B (35%)
Internet Software and Services 1 (13%) - 2 (17%) -
Information Services - - 1 (8%) 2.6B (65%)
Information Technology 1 (13%) - 1 (8%) -
Marketing - - 1 (8%) -
Total 8 $1.4B 12 $4.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 6 (75%) 1.4B (100%) 10 (83%) 4.0B (100%)
  California 2 (25%) 1.4B (100%) 4 (33%) 1.4B (35%)
  Oregon 2 (25%) - 2 (17%) -
  Texas 1 (13%) - 1 (8%) -
  New York 1 (13%) - 1 (8%) -
  Utah - - 1 (8%) 2.6B (65%)
  Pennsylvania - - 1 (8%) -
Canada 2 (25%) - 2 (17%) -
  Ontario 2 (25%) - 2 (17%) -
Domestic 6 (75%) 1.4B (100%) 10 (83%) 4.0B (100%)
Cross-border 2 (25%) - 2 (17%) -
Total 8 $1.4B 12 $4.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 2 (25%) 1.4B (100%) 4 (33%) 1.4B (35%)
Growth Capital 3 (38%) - 4 (33%) -
Buyout (LBO, MBO, MBI) 2 (25%) - 2 (17%) -
Secondary Buyout - - 1 (8%) 2.6B (65%)
Stake Purchase 1 (13%) - 1 (8%) -
Total 8 $1.4B 12 $4.0B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (50%) 2.1B (31%)
Secondary Sale 1 (25%) 4.7B (69%)
Trade Sale 1 (25%) -
Total 4 $6.8B

Deal Values

buy # Total
> $1B 2 $4.0B
TOTAL $4.0B
Largest Ancestry.com, Inc.
$2.6B (2016-04-01)
sell # Total
> $1B 2 $6.4B
$100M to $1B 1 $425M
TOTAL $6.8B
Largest Ancestry.com, Inc.
$4.7B (2020-08-05)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
33%
4 (33%)
Exited to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2010

Specialist/Generalist

Specialist

Leadership

Stephen Davis

Founder & Managing Partner

Mark Shang

CFO

Kenneth Frank

Partner

Matt McDonald

Partner

Lama Jamo

Operating Director

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