Earlier this month we posted a rumor that one of the largest private equity backed AMS companies was about to be recapitalized. Since that rumor was posted, we’ve heard from multiple sources that the recapitalization is more likely to be an outright acquisition.
But there’s more…
Several of our sources believe that a series of investments, mergers, and acquisitions are currently in various stages of negotiation that would ultimately result in an unprecedented consolidation of association technology firms under a single umbrella company.
One of our sources says a few of these deals have already been struck, but the announcements are being delayed in order to coordinate a single announcement covering all of the acquisitions and investments.
AMS platform MemberClicks accepted an undisclosed sum from Five Elms, a growth equity firm based in New York, in February 2017. Click here for the presser.
Read about MemberClicks on Crunchbase.
Online community platform Higher Logic has acquired Kavi (pronounced KUH-vee), an online collaboration platform used primarily by standards developing organizations, many of which are associations.
Read the press release.
This comes just a month after Higher Logic acquired Socious, another leading online community platform in the association market.
Read about Higher Logic and Kavi on Crunchbase.
Yesterday we reported that private equity firm Riverside had sold off YourMembership.
Today, Private Equity Professional reported that Knoxville, TN based Ministry Brands, a portfolio company of Insight Venture Partners, has taken ownership of YourMembership.com. Terms of the deal haven’t been disclosed.
According to Private Equity Professional, Ministry Brands is a provider “of cloud-based services to churches, parachurch ministries and other faith-based organizations with more than 45,000 customers.”
UPDATE: It is rumored that the sales price for YourMembership was somewhere between $250-300 million.
YourMembership has been sold by private equity firm Riverside. Last week, we reported a rumor that one of the largest AMS companies was about to be recapitalized.
Read the press release. Read about YourMembership on Crunchbase.
ASAE has published an article I wrote about investments, mergers, and acquisitions in the association technology market for its Associations Now Plus newsletter. The article was extracted from a longer white paper that I’ve written about the money trail in association technology. To request a copy, please complete this form: