- Investment DateOctober 2021
- Lead InvestorThoma Bravo
- RegionUnited States
- SectorTechnology/ IT
- Percent of Fair Value2.0%
- Key ThemeLong-Term Secular Growth
- Visit WebsiteAuctane
- Market leader with significant scale
- Growing e-commerce megatrend
- Attractive financial profile
In October 2021, NBPE invested alongside Thoma Bravo, a leading software private equity manager, in the take-private transaction of Auctane, a leading provider of e-commerce shipping software solutions. Auctane was acquired for approximately $6.6 billion with Auctane shareholders receiving $330.00 per share in cash for each share of common stock.
Auctane is the leading provider of e-commerce shipping software solutions to customers including consumers, small businesses, e-commerce shippers, enterprises, and high volume shippers. The company’s multi-carrier solutions enable customers to print approved shipping labels for more than 350 carriers and integrate with more than 300 partners including shopping carts, marketplaces, e-commerce tools and various other software products. Auctane’s solutions also provide customers with access to discounted carrier rates including USPS and UPS. In 2020, Auctane software products enabled ~3.5 billion of shipped packages representing ~5% of worldwide ecommerce, and over 15% of U.S. ecommerce GMV.
The manager believes this was an attractive opportunity to invest in the large and growing e-commerce market. In addition, this was as an opportunity to partner with Thoma Bravo, which brings extensive software and operational expertise, to support the company’s next phase of growth.
View All Case Studies