M&A Deal Summary

Insight Partners and Level Equity Management Acquire CivicPlus

On May 13, 2021, venture capital firm Insight Partners and private equity firm Level Equity Management acquired information technology company CivicPlus from BV Investment Partners

Acquisition Highlights
  • This is Insight Partners’ 18th and Level Equity Management’s 3rd transaction in the Information Technology sector.
  • This is Insight Partners’ 63rd and Level Equity Management’s 32nd transaction in the United States.
  • This is Insight Partners’ 2nd and Level Equity Management’s 1st transaction in Kansas.

M&A Deal Summary
Date 2021-05-13
Target CivicPlus
Sector Information Technology
Buyer(s) Insight Partners
Level Equity Management
Sellers(s) BV Investment Partners
Deal Type Secondary Buyout

Target

CivicPlus

Manhattan, Kansas, United States
website
CivicPlus delivers technology solutions that enable local governments to optimize the experience they deliver when interacting with citizens. Over 4,000 local governments use its solutions when serving their 250 million citizens. The company delivers a Civic Experience Platform that enables local governments to drive more revenue, operate more efficiently, and generate positive recognition for the many services they provide every day. CivicPlus was founded in 2000 and is based in Manhattan, Kansas.

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Buyer(S) 2

Buyer

Insight Partners

Investor Investor Investor Investor Investor

website

Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 79 of 86
Sector (Information Technology) 18 of 21
Type (Secondary Buyout) 18 of 19
State (Kansas) 2 of 2
Country (United States) 63 of 69
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Precisely

Burlington, Massachusetts, United States

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Fenergo

Dublin, Ireland

Fenergo is a provider of Client Lifecycle Management software solutions for investment banks, capital market firms, and private banks. Fenergo was founded in 2008 and is based in Dublin, Ireland.

Sell -
Buyer

Level Equity Management

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2009
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Level Equity Management LLC is a private investment firm focused on providing equity and structured capital to growth businesses. Sectors of interest include e-commerce, healthcare services, IT, internet software, and media. Level Equity Management was formed in 2009 and is based in New York City.

DEAL STATS #
Overall 37 of 59
Sector (Information Technology) 3 of 6
Type (Secondary Buyout) 4 of 9
State (Kansas) 1 of 1
Country (United States) 32 of 49
Year (2021) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 RelayHub

Newport, Rhode Island, United States

RelayHub provides medical claims software solutions for K-12 school districts across the United States. RelayHub offers a suite of cloud-based SaaS Medicaid and health insurance solutions that streamline operations, maximize revenue, and provide audit-ready program support while mitigating risk of non-compliance. RelayHub was founded in 1993 and is based in Newport, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 SightCall

San Francisco, California, United States

SightCall provides WebRTC Platform as a Service video calling services. SightCall was founded in 2007 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

BV Investment Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1983
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BV Investment Partners is a private equity firm partner with entrepreneurs and families to invest in sound businesses and provide them with significant strategic, operating, and analytical assistance to accelerate the growth of the company through organic initiatives and acquisitions. BV was formed in 1983 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 20 of 27
Sector (Information Technology) 6 of 10
Type (Secondary Buyout) 5 of 9
State (Kansas) 1 of 1
Country (United States) 19 of 26
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 Resource Innovations

Half Moon Bay, California, United States

Resource Innovations is a provider of demand-side management, energy efficiency, and energy consulting services to utilities and governments. Resource Innovations was founded in 2000 and is based in Half Moon Bay, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Apps Associates

Acton, Massachusetts, United States

Apps Associates is a global IT and business services organization that provides solutions for Cloud, Analytics, and Integration. Apps Associates is a rapidly growing, IT services business that specializes in implementing, optimizing, and maintaining complex ERP, business intelligence, and cloud applications. Apps Associates was founded in 2002 and is based in Acton, Massachusetts.

Sell -
Mergr

Product

Company

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