For the past decade, Vector Capital has kept a keen focus on seeking public companies that were under appreciated and taking them private. In 2013, the approach bore fruit when the firm exited four investments and recapitalized two others, making it one of the most active PE sellers in the middle market.
"Since 2002, we have done approximately a dozen acquisitions of public companies as new platforms or add-ons," says Amish Mehta (pictured), managing director. "All of these companies typically had under $300 million in revenue and weren't getting the attention from public markets. At the same time, they had members of management who were willing to embark on a new strategy with us."