ABS Capital Partners explained

ABS Capital Partners
Type:Private
Founder:Donald Hebb
Location:201 International Circle
Hunt Valley, Maryland, United States
Industry:Private equity
Products:Venture capital
Growth capital
Assets:$2.1 billion
Num Employees:20+

ABS Capital Partners is an American private equity firm focused on investments in software and tech-enabled services businesses across a range of industries, including FinTech, Healthcare, EdTech, eCommerce, cybersecurity, and Smart Cities. Founded in 1990, the firm is based in Washington, DC, Baltimore, and San Francisco. The company has raised approximately $2.5 billion since its inception across seven funds.[1] ABS Capital Partners is a member of the National Venture Capital Association.[2]

History

ABS Capital Partners was founded in 1990 and was originally the investment arm of Alex. Brown & Sons (later BT Alex. Brown). The firm's founder, Donald Hebb spent more than 20 years with Alex.[3] Brown where he was CEO from 1986 to 1991, leading the initial public offering in 1986.

In July 1996, ABS purchased a majority stake in the BBN Corporation.[4] In July 1999, ABS invested in Captivate Network.[5] In 2001, ABS invested in Neustar Inc.[6] In May 2002, ABS invested $13 million in Payformance Corp.[7] In February 2006, ABS made an equity investment in Restaurant Technologies Inc.[8]

In 2007, ABS and DCA Capital Partners invested $19.25 million in Superior Vision.[9] In 2012, Nautic Partners LLC bought out both companies to acquire the majority stake in Superior Vision.

External links


Notes and References

  1. News: Savvy issuers, weary investors lead ABS buyback push . Reuters . 21 July 2009 . en.
  2. Web site: NVCA Members. National Venture Capital Association. 2020-05-05.
  3. Web site: Don Hebb, Abs Capital Partners LP: Profile and Biography . Bloomberg.com . en.
  4. News: Company News;bbn to Sell Majority Stake in Software Unit. Reuters. 1996-07-03. The New York Times. 2019-11-21. en-US. 0362-4331.
  5. Web site: Of Mt. Rainier, elevators and assorted venture deals. Crum. Rex. 19 July 1999. www.bizjournals.com. live. https://web.archive.org/web/20021102202157/http://www.bizjournals.com:80/boston/stories/1999/07/19/newscolumn3.html . 2002-11-02 . 2019-11-21.
  6. News: ABS's Fearlessness Pays Off. O'Hara. Terence. 21 November 2005. The Washington Post. live. https://web.archive.org/web/20060618013618/http://www.washingtonpost.com/wp-dyn/content/article/2005/11/20/AR2005112000836.html . 2006-06-18 .
  7. Web site: ABS Capital Partners invests in Payformance. 31 May 2002. www.bizjournals.com. 2019-11-21.
  8. Web site: Restaurant oil supplier strikes gusher: $60M. Reilly. Mark. 19 February 2006. www.bizjournals.com. live. https://web.archive.org/web/20110526103929/http://www.bizjournals.com/twincities/stories/2006/02/20/story1.html . 2011-05-26 . 2019-11-21.
  9. Web site: Superior Vision acquired by private equity firm. Robertson. Kathy. 9 April 2012. www.bizjournals.com. live. https://web.archive.org/web/20120414091857/http://www.bizjournals.com:80/sacramento/news/2012/04/09/superior-vision-acquired-nautic-partners.html . 2012-04-14 . 2019-11-21.