M&A Deal Summary

New Mountain Capital Acquires Finvi

On August 22, 2019, private equity firm New Mountain Capital acquired software company Finvi from Arlington Capital Partners

Acquisition Highlights
  • This is New Mountain Capital’s 7th transaction in the Software sector.
  • This is New Mountain Capital’s 55th transaction in the United States.
  • This is New Mountain Capital’s 2nd transaction in Indiana.
Investment Fate
  • Finvi was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2019-08-22
Target Finvi
Sector Software
Buyer(s) New Mountain Capital
Sellers(s) Arlington Capital Partners
Deal Type Secondary Buyout

Target

Finvi

Muncie, Indiana, United States
website
Finvi is a provider of enterprise software that automates complex workflows and accelerates revenue recovery for clients in the healthcare, accounts receivable management (ARM), and government markets. Finvi was founded in 1980 and is based in Muncie, Indiana.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 59 of 91
Sector (Software) 7 of 8
Type (Secondary Buyout) 21 of 35
State (Indiana) 2 of 2
Country (United States) 55 of 87
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 Remedy Partners

Norwalk, Connecticut, United States

Remedy Partners is a technology, data, analytics, and services provider for the healthcare “bundled payments” sector, with offerings that both reduce healthcare costs and improve patient outcomes. Bundled payments link payments for the multiple services beneficiaries receive during an episode of care, enabling organizations to enter into payment arrangements that include financial and performance accountability for episodes of care. Remedy uses a proprietary database and advanced data and analytics to collaborate with health systems, at-risk providers, and employers in order to improve coordination of post-acute care.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Convey

Fort Lauderdale, Florida, United States

Convey is a specialized healthcare technology and business process outsourcing firm that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics. Convey was founded in 2003 and is based in Fort Lauderdale, Florida.

Sell -

Seller(S) 1

SELLER

Arlington Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Arlington Capital Partners is a middle-market private equity firm focused on buyouts and recapitalizations in targeted growth industries. Arlington targets US based companies valued between $50 and $500 million with strong potential for organic growth and possible consolidation opportunities. Sectors of interest include business services and outsourcing, aerospace/defense, federal and commercial IT, media, education and training, healthcare services, and manufacturing. Arlington Capital was formed in 1999 and is headquartered in Washington DC.


DEAL STATS #
Overall 29 of 37
Sector (Software) 4 of 4
Type (Secondary Buyout) 11 of 11
State (Indiana) 1 of 1
Country (United States) 28 of 35
Year (2019) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Riverpoint Medical

Portland, Oregon, United States

Riverpoint Medical is a developer, designer, and manufacturer of medical devices focused on advanced bio-medical textile technologies. Riverpoint Medical is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 BlueHalo

Arlington, Virginia, United States

BlueHalo is a provider of advanced engineering solutions for a variety of space superiority, directed energy, missile defense, specialized training and simulation, C4ISR, and analytics programs. BlueHalo is based in Arlington, Virginia.

Buy -