Investment Summary

JMI Equity, Dragoneer Investment Group and Hellman & Friedman Invest In PointClickCare

On February 28, 2011, private equity firms JMI Equity, Dragoneer Investment Group and Hellman & Friedman invested in internet software and services company PointClickCare

Investment Highlights
  • This is JMI Equity’s 11th, Dragoneer Investment Group’s 1st and Hellman & Friedman’s 4th transaction in the Internet Software and Services sector.
  • This is JMI Equity’s 6th, Dragoneer Investment Group’s 1st and Hellman & Friedman’s 1st transaction in Canada.
  • This is JMI Equity’s 5th, Dragoneer Investment Group’s 1st and Hellman & Friedman’s 1st transaction in Ontario.

Investment Summary

Date 2011-02-28
Target PointClickCare
Sector Internet Software and Services
Investor(s) JMI Equity
Dragoneer Investment Group
Hellman & Friedman
Deal Type Growth Capital
Advisor(s) UBS Investment Bank (Financial)
Goodwin Procter (Legal)

Target

PointClickCare

Mississauga, Ontario, Canada
website
PointClickCare is an electronic health record (EHR) platform for the long-term and post-acute care industry. PointClickCare’s cloud-based platform supports the largest network of senior care providers in the LTPAC market. PointClickCare offers a portfolio of cloud-based software and services designed from the ground up to help providers manage the complex requirements of senior care. PointClickCare was founded in 2000 and is based in Mississauga, Ontario.

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Investor(S) 3

Investor

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 60 of 125
Sector (Internet Software and Services) 11 of 40
Type (Growth Capital) 7 of 49
State (Ontario) 5 of 8
Country (Canada) 6 of 12
Year (2011) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-16 Resource Nation

Carlsbad, California, United States

Resource Nation is a provider of B2B performance marketing services which coonnects businesses actively looking to make a purchase to pre-screened vendors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-04 Activant Solutions

Livermore, California, United States

Activant Solutions Inc. is a technology provider of business management solutions serving mid-market retails and distributors. Activant provides customers with industry-specific software, professional services, content, supply chain connectivity, and analytics. Activant’s systems are designed to help customers increase sales, boost productivity, operate more cost-efficiently, improve inventory turns and enhance trading partner relationships. Activant has operations in California, Texas, Colorado, Illinois, Pennsylvania, South Carolina, Canada, Ireland and the United Kingdom.

Sell -
DESCRIPTION

Dragoneer Investment Group is a growth-oriented investor in public and private companies throughout the US. Dragoneer Investment Group was established in 2012 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 2 of 8
Sector (Internet Software and Services) 1 of 2
Type (Growth Capital) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-22 Spotify

Luxembourg, Luxembourg

Spotify is an internet audio streaming subscription service provider. Spotify was incorporated in 2006 and is headquartered in Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Clearwater Analytics

Boise, Idaho, United States

Clearwater Analytics provides web-based, investment portfolio reporting and analytics for institutional investors, investment managers, custody banks, and electronic trading portals. Clearwater’s daily-aggregated and reconciled solutions deliver the highest level of portfolio transparency available on the market today for clients such as Cisco Systems, Oracle Corporation, Starbucks Corporation and Yahoo!. Clearwater Analytics was founded in 2004 and is based in Boise, Idaho.

Buy -
Investor

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 44 of 87
Sector (Internet Software and Services) 4 of 10
Type (Growth Capital) 3 of 7
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2011) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-25 Nielsen

New York, New York, United States

Nielsen is a global information and measurement company that provides clients with a comprehensive understanding of consumers and consumer behaviour. Nielsen delivers critical media and marketing information, analytics, and industry expertise about what consumers buy and what consumers watch (consumer interaction with television, online and mobile) on a global and local basis. Nielsen was founded in 1923 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-04 Gartmore Group

Grand Cayman, Cayman Islands

Gartmore Investment Management plc is a independent, multi-product asset management firm providing long-only and alternative investment products to retail and institutional investors in the UK, Continental Europe, the U.S., Japan, and Latin America.

Sell £355M