Deal Details

CarltonOne Is Acquired by Goldman Sachs

Technology & Services

CarltonOne, a portfolio company of H.I.G. Growth, sale to Goldman Sachs

Summary

CarltonOne Engagement (“CarltonOne” or the “Company”), a portfolio company of H.I.G. Growth Partners (“H.I.G. Growth”), has been acquired by Goldman Sachs Capital Partners (“Goldman Sachs”). Terms of the transaction were not disclosed.

Baird served as financial advisor to CarltonOne on this transaction.

About

CarltonOne is a leading global provider of cloud-based solutions powering engagement, incentives, loyalty and rewards programs. Through an expansive managed global vendor rewards network and modular e-commerce engine, the Company powers robust annual spend including merchandise, gift cards, prepaid and travel. The Company’s highly configurable engagement platform enables clients to inspire desired behaviors from employees, sales teams, partners and end customers. Its solution is unique in the breadth of use cases enabled in single platform allowing clients to greatly simplify and centralize their program management. CarltonOne’s offerings include a Global Reward Solutions (“GRS”) platform that provides end-to-end global rewards management as well as a SaaS front-end engagement management platform Power2Motivate (“P2M”). CarltonOne is headquartered in Markham, Canada.

H.I.G. Growth is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with $62 billion of equity capital under management. H.I.G. Growth seeks to make both majority and minority investments in strong, growth-oriented businesses located throughout North America, Europe, and Latin America. H.I.G. Growth considers investments across all industries but focuses on certain high-growth sectors where it has extensive in-house expertise, such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. H.I.G. Growth strives to work closely with its management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting and financial management services from a vast in-house team and a substantial network of third-party relationships. H.I.G. Growth is headquartered in Miami, Florida.

Goldman Sachs is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm maintains offices in all major financial centers around the world and is headquartered in New York, New York.

Technology & Services

CarltonOne, a portfolio company of H.I.G. Growth, sale to Goldman Sachs