ABS Capital Partners

Last updated
ABS Capital Partners
Company type Private
Industry Private equity
Founded1990;34 years ago (1990)
FounderDonald Hebb
Headquarters201 International Circle
Hunt Valley, Maryland, United States
Products Venture capital
Growth capital
Total assets $2.1 billion
Number of employees
20+
Website abscapital.com

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] [ unreliable source? ]

Contents

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. [9]

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References

  1. "Savvy issuers, weary investors lead ABS buyback push". Reuters. 21 July 2009.
  2. "NVCA Members". National Venture Capital Association. Retrieved 2020-05-05.
  3. "Don Hebb, Abs Capital Partners LP: Profile and Biography". Bloomberg.com.
  4. "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.
  5. Crum, Rex (19 July 1999). "Of Mt. Rainier, elevators and assorted venture deals". www.bizjournals.com. Archived from the original on 2002-11-02. Retrieved 2019-11-21.
  6. O'Hara, Terence (21 November 2005). "ABS's Fearlessness Pays Off". The Washington Post . Archived from the original on 2006-06-18.
  7. "ABS Capital Partners invests in Payformance". www.bizjournals.com. 31 May 2002. Retrieved 2019-11-21.
  8. Reilly, Mark (19 February 2006). "Restaurant oil supplier strikes gusher: $60M". www.bizjournals.com. Archived from the original on 2011-05-26. Retrieved 2019-11-21.
  9. 1 2 Robertson, Kathy (9 April 2012). "Superior Vision acquired by private equity firm". www.bizjournals.com. Archived from the original on 2012-04-14. Retrieved 2019-11-21.