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New Deal


Announced

Battery Ventures-backed Clubessential and Silver Lake to acquire The Assistant Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Friendly

Pending

software solutions

Austria

Software

Private

Acquisition

Majority

Single Bidder

Synopsis

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Battery Ventures-backed Clubessential, a full suite provider of membership and club management solutions to country, golf, city, yacht and other private clubs, and Silver Lake, a private equity firm, agreed to acquire The Assistant Company, a spa and activity software. Financial terms were not disclosed. "We've been impressed with the quality of the team, software platform and customer relationships that Thomas Roessler, and his team, have built over their two decades uniquely focused on the Spa and Leisure markets. We're looking forward to our collaboration to expand their powerful spa and activity management software capabilities to the global leisure market," Randy Eckels, Clubessential CEO.

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