365 Retail Markets to Acquire Cantaloupe
Deal News | Jun 20, 2025 | William Blair Capital Partners
365 Retail Markets, LLC, which is a portfolio company of Providence Equity Partners, has announced its agreement to acquire Cantaloupe, Inc., a company listed on NASDAQ under the ticker CTLP. William Blair served as the financial advisor to 365 Retail Markets in this strategic acquisition. The move is indicative of further consolidation in the retail technology sector, underscoring the role of private equity in facilitating such transactions. This acquisition marks a significant step for 365 Retail Markets in expanding its technological offerings and strengthening its market position.
Sectors
- Retail Technology
- Private Equity
Geography
- United States – The target company Cantaloupe, Inc. is listed on NASDAQ, a U.S.-based stock exchange, indicating that the companies involved are likely based in or primarily operate within the United States.
Industry
- Retail Technology – The article discusses the acquisition of Cantaloupe, a company that likely provides technology services or products to the retail sector, by 365 Retail Markets.
- Private Equity – Providence Equity Partners is mentioned as the private equity firm backing 365 Retail Markets, highlighting the role of private equity in the acquisition.
Financials
- Not specified – The article does not provide specific financial terms of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 365 Retail Markets, LLC | Buyer | Company | A company acquiring Cantaloupe, Inc., backed by Providence Equity Partners. |
| Cantaloupe, Inc. | Target | Company | A company being acquired by 365 Retail Markets. |
| Providence Equity Partners L.L.C. | Private Equity Firm | Company | A private equity firm backing 365 Retail Markets in its acquisition of Cantaloupe. |
| William Blair Capital Partners | Financial Advisor | Company | Acted as financial advisor to 365 Retail Markets for the acquisition. |