M&A Deal Summary

Clearlake Capital Acquires Bamboo Health

On April 9, 2019, private equity firm Clearlake Capital acquired information technology company Bamboo Health from Insight Partners

Acquisition Highlights
  • This is Clearlake Capital’s 5th transaction in the Information Technology sector.
  • This is Clearlake Capital’s 51st transaction in the United States.
  • This is Clearlake Capital’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2019-04-09
Target Bamboo Health
Sector Information Technology
Buyer(s) Clearlake Capital
Sellers(s) Insight Partners
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)

Target

Bamboo Health

Louisville, Kentucky, United States
Bamboo Health is a healthcare technology solutions company, focused on fostering care collaboration and providing information and actionable insights to facilitate physical and behavioral health across the entire continuum of care. Bamboo Health is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 54 of 88
Sector (Information Technology) 5 of 9
Type (Secondary Buyout) 17 of 38
State (Kentucky) 1 of 1
Country (United States) 51 of 83
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Appriss

Irvine, California, United States

Appriss is a provider of real-time decisioning solutions to help omnichannel retailers minimize fraud, mitigate risks, and drive improved shopper experiences to maximize profitability across online and offline channels. Appriss was founded in 1994 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-10 JetSmarter

Fort Lauderdale, Florida, United States

JetSmarter, Inc. is a technology company known for creating a new class of flying called social aviation, which pairs the practice of purchasing low cost empty legs and underutilized capacity with the sharing economy. Its asset-lite approach allows JetSmarter to substantially reduce costs, making private aviation available to more consumers and businesses. JetSmarter is the world’s largest marketplace for private aviation, with over 670,000 registered app users, 10,000 members, and connectivity to 3,200 aircraft, and has transported over 40,000 unique passengers since inception. The investment will enable JetSmarter to accelerate growth by continuing to launch new products and routes globally and by increasing supply on existing routes.

Sell -

Seller(S) 1

SELLER

Insight Partners

Investor Investor Investor Investor Investor


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 19 of 36
Sector (Information Technology) 3 of 6
Type (Secondary Buyout) 7 of 17
State (Kentucky) 1 of 1
Country (United States) 19 of 29
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Appriss

Irvine, California, United States

Appriss is a provider of real-time decisioning solutions to help omnichannel retailers minimize fraud, mitigate risks, and drive improved shopper experiences to maximize profitability across online and offline channels. Appriss was founded in 1994 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Checkout.com

London, United Kingdom

Checkout.com helps companies accept more payments around the world through one integration. Checkout.com’s unified global payment processing platform features in-country acquiring, relevant payment methods, feature parity across geographies, fraud filters and reporting features, all via one API. It helps businesses in Europe, the US, APAC, and the Middle East to achieve faster, more reliable processing in more than 150 currencies, with direct access to Visa, Mastercard, American Express, etc. Checkout.com was founded in 2012 and is based in London, United Kingdom.

Buy -