M&A Deal Summary

DH Acquires Filogix

On June 15, 2006, DH Corp. acquired financial services company Filogix Ltd. from McKenna Gale Capital, Inc. and Monitor Clipper Partners LLC for 213M USD

Acquisition Highlights
  • This is DH’s 1st transaction in the Financial Services sector.
  • This is DH’s 3rd largest (disclosed) transaction.
  • This is DH’s 1st transaction in Canada.
  • This is DH’s 1st transaction in Ontario.

M&A Deal Summary

Date 2006-06-15
Target Filogix Ltd.
Sector Financial Services
Buyer(s) DH Corp.
Sellers(s) McKenna Gale Capital, Inc.
Monitor Clipper Partners LLC
Deal Type Add-on Acquisition
Deal Value 213M USD

Target

Filogix Ltd.

Toronto, Ontario, Canada
website
Filogix, a Toronto-based provider of business solutions to Canada's real estate and mortgage-related industries. Filogix' core products connect mortgage lenders with independent mortgage brokers, lenders' in-house salesforces, and other data providers that participate in the mortgage process. Brokers and salespeople enter mortgage application data into a Filogix system, which then transmits the application to lenders for underwriting. The Company also provides workflow management products designed to increase the efficiency of both originators and lenders.

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Buyer(S) 1

Buyer

DH Corp.

Toronto, Ontario, Canada

website


Category Company
Founded 1875
SectorInformation Technology
Employees5,500
Revenue 1.7B CAD (2016)
DESCRIPTION

DH Corp. is a financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Company global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada.


DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-18 ASSET Inc.

Toronto, Ontario, Canada

ASSET Inc. is a provider of technology based asset recovery and insolvency management solutions to the Canadian financial services industry.

Buy -

Seller(S) 2

SELLER

McKenna Gale Capital, Inc.

Toronto, Ontario, Canada

website


Category Private Equity Firm
Founded 1995
PE ASSETS 600M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

McKenna Gale Capital is a Canadian independent provider of mid-market mezzanine debt and common equity financing. McKenna looks for companies with a total enterprise value in excess of $25 million, and seeks to commit to $7 million to $75 million per transaction. The firm invests in a wide range of industries excluding real estate development, primary mining and primary oil and gas. Investments include management buyouts, acquisitions, expansion and growth capital, and go-private transactions. McKenna Gale Capital was founded in 1995 and is based in Toronto, Ontario.


DEAL STATS #
Overall 3 of 7
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 3 of 3
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Winters Bros. Waste Systems, Inc.

Danbury, Connecticut, United States

Winters Bros. Waste Systems, Inc. provides waste removal, garbage collection, and container services. Its services include commercial rubbish and recycling, residential services, construction demolition, and transfer stations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 CPI Card Group, Inc.

Littleton, Colorado, United States

CPI Card is a provider of comprehensive financial payment card solutions in North America. CPI produces financial payment cards, provides integrated card services to card-issuing banks, and personalizes financial payment cards as well. CPI's customers are primarily national and regional banks, independent community banks, credit unions, managers of prepaid debit programs, group service providers, and card processors. CPI Card was established in 2007 and is based in Littleton, Colorado.

Buy -
SELLER

Monitor Clipper Partners LLC

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 2.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Monitor Clipper Partners (MCP) is a private equity group formed by consulting firm The Monitor Group and private equity firm The Clipper Group. MCP targets private equity investments in middle-market companies in North America and Western Europe and looks to commit $10 to $70 million of equity per transaction. MCP does not focus on any particular sector but current portfolio companies suggest an interest in business services, natural/organic foods, specialty retail, health care services, gaming, logistics, mortgage technology, marketing services, financial services and metals. The Firm will consider both control and minority positions. Monitor Clipper Partners was formed in 1998 and is based in Cambridge, Massachusetts with additional offices in Zurich, Switzerland, Toronto, Canada, Luxembourg and London, United Kingdom.


DEAL STATS #
Overall 11 of 31
Sector (Financial Services) 3 of 4
Type (Add-on Acquisition) 6 of 13
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2006) 2 of 3
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Codere SA

Alcobendas, Spain

Codere is a Spanish multinational company in the private gaming sector in Europe and Latin America. Codere was founded in 1980 and is based in Alcobendas, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-03 Earth Fare, Inc.

Fletcher, North Carolina, United States

Earth Fare, Inc., a supermarket operator providing all-natural, organic, premium and specialty foods and products in the southeastern United States. The Company's stores average 25,000 square feet and target smaller geographies with an affluent and educated customer base. Capitalizing on organic food sector growth of approximately 20% annually, the Company is well-positioned to benefit from consumers' shifting preference for better and healthier food and consumer product options. While its most compelling competitors are clearly focused on larger markets, the Company has demonstrated an ability to open profitable new stores in smaller, underserved markets, relying on strong store-level economics to create value throughout the chain.

Buy -