ABS Capital Partners

ABS Capital Partners is an American private equity firm focused on investments in companies across a range of industries, including business and education services, information and communications technology, and healthcare.[1] Founded in 1990, the firm is based in Baltimore. The company has raised approximately $2.5 billion since its inception across seven funds. ABS Capital Partners is a member of the National Venture Capital Association.[2]

ABS Capital Partners
TypePrivate
IndustryPrivate equity
Founded1990 (1990)
FounderDonald Hebb
Headquarters201 International Circle
Hunt Valley, Maryland, United States
ProductsVenture capital
Growth capital
Total assets$2.1 billion
Number of employees
20+
Websitewww.abscapital.com

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. 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.[3] In July 1999, ABS invested in Captivate Network.[4] In 2001, ABS invested NeuStar Inc.[5] In May 2002, ABS invested $13 million in Payformance Corp.[6] In February 2006, ABS made an equity investment in Restaurant Technologies Inc.[7]

In 2007, ABS and DCA Capital Partners invested $19.25 million in Superior Vision.[8] In 2012, Nautic Partners LLC bought out both companies to acquire the majority stake in Superior Vision.[8]

Among the firm's notable investment holdings include Alarm.com, apei, Audacious Inquiry, Avalere Health,[9] Bask,[10] Business.com, Captivate Network,[9] DoubleClick,[11] InPhonic, iZotope,[12] Landstar System, Liquidity Services, Neustar, PowerReviews,[9] and Rosetta Stone.[13]

References
  1. "ABS Capital Partners". Crunchbase. Retrieved 2020-05-05.
  2. "NVCA Members". National Venture Capital Association. Retrieved 2020-05-05.
  3. "Company News;bbn to Sell Majority Stake in Software Unit". The New York Times. Reuters. 1996-07-03. ISSN 0362-4331. Retrieved 2019-11-21.
  4. Crum, Rex (19 July 1999). "Of Mt. Rainier, elevators and assorted venture deals". www.bizjournals.com. Retrieved 2019-11-21.
  5. O'Hara, Terence (21 November 2005). "ABS's Fearlessness Pays Off". The Washington Post.
  6. "ABS Capital Partners invests in Payformance". www.bizjournals.com. 31 May 2002. Retrieved 2019-11-21.
  7. Reilly, Mark (19 February 2006). "Restaurant oil supplier strikes gusher: $60M". www.bizjournals.com. Retrieved 2019-11-21.
  8. Robertson, Kathy (9 April 2012). "Superior Vision acquired by private equity firm". www.bizjournals.com. Retrieved 2019-11-21.
  9. "ABS Capital Partners / Our Companies". www.abscapital.com. Archived from the original on 2019-02-12. Retrieved 2019-02-11.
  10. "iTOK Raises $18M in Series B Equity Financing". Finsmes. 2014-07-24. Retrieved 2016-07-20.
  11. "DoubleClick nabs $40 million in financing". AdAge. Retrieved 2016-07-20.
  12. "ABS Capital Partners - Investments". Crunchbase. Retrieved 2019-03-20.
  13. "Rosetta Stone Completes Initial Public Offering above the Range | Business Wire". Business Wire. Retrieved 2016-07-20.


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