Great Hill Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Great Hill Partners has acquired 6 companies. It has also invested in 3 others.

Great Hill Partners’ most common sectors for investment areinternet software and services (32%) and information technology (13%) . The Firm’s most common investment types include growth capital (35%) and buyout (lbo, mbo, mbi) (26%). In total, Great Hill Partners has invested in 20 US states and 7 different countries. Its largest (disclosed) acquisition occurred in 2017 when it acquired Zoom Information for $240M.

In the last 3 years, Great Hill Partners has exited 10 companies. The Firm’s most common exit type is trade sale (62%). Great Hill Partners’ largest (disclosed) exit occurred in 2018 when it sold Ascenty for $1.8B.

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M&A Summary

  • M&A Total Activity157
    • M&A Buy Activity97
    • M&A Sell Activity60
  • Total Sectors Invested 21
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 67
  • M&A Advisors 18

Great Hill Partners

Great Hill Partners, LP

200 Clarendon St., 29th Floor,
Boston, Massachusetts 02116
United States
(617) 790-9400
www.greathillpartners.com
info@greathillpartners.com

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Business Services, Communications, Consumer Products, Consumer Services, Digital Media, E-Commerce, Education, Financial Services, Healthcare Services, Information Technology, Internet Software and Services, Media, Medical Products, Retail, Safety/Security, Software, Staffing, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, PIPE, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Nordic, Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 25 500
Enterprise Value - 1,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.4/yr) # 85 3 8 - - 1 97
vol $1.2B $150M $1.4B
Sell (2.6/yr) # 47 3 4 1 2 3 60
vol $10.7B $2.3B $13.0B
  157

Most Recent M&A

Company Date Value Type
Paytronix Systems, Inc. 2024-11-01 - Trade Sale
Newton, Massachusetts · www.paytronix.com
BigChange Group Ltd. 2024-10-25 - Trade Sale
Leeds, United Kingdom · www.bigchange.com
SME HCI Ltd. 2024-03-15 - Buyout (LBO, MBO, MBI)
Farnham, United Kingdom · www.vivupbenefits.co.uk
eloomi A/S 2024-01-18 - Trade Sale
Copenhagen, Denmark · www.eloomi.com
Vatica Health, Inc. 2023-09-25 - Secondary Sale
Alpharetta, Georgia · www.vaticahealth.com
Examity, Inc. 2023-09-06 - Trade Sale
Newton, Massachusetts · www.examity.com
Educaedu Business SL 2022-01-14 - Secondary Sale
Bilbao, Spain · www.educaedu.com
Prodege LLC 2021-11-15 - Buyout (LBO, MBO, MBI)
El Segundo, California · www.prodege.com
Blue Ridge Global, Inc. 2021-09-21 - Secondary Buyout
Johns Creek, Georgia · www.blueridgeglobal.com
MineralTree, Inc. 2021-09-08 500M USD Trade Sale
Waltham, Massachusetts · www.mineraltree.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Network Merchants LLC 2017-09-07 Sphere Commercial Division 2023-10-12 5
Schaumburg, Illinois · www.nmi.com Nashville, Tennessee
Network Merchants LLC 2017-09-07 Agreement Express, Inc. 2022-12-06 4
Schaumburg, Illinois · www.nmi.com Vancouver, British Columbia · www.agreementexpress.com
VersaPay Corp. 2019-12-13 DadeSystems, Inc. 2022-04-18 1
Miami, Florida · www.versapay.com Miami, Florida · www.dadesystems.com
Vanco Payment Solutions, Inc. 2012-02-10 SmartcareOS LLC 2021-01-13 4
Bloomington, Minnesota · www.vancopayments.com Las Vegas, Nevada · www.smartcare.com
Vanco Payment Solutions, Inc. 2012-02-10 Dorian Business Systems, Inc. 2018-12-01 3
Bloomington, Minnesota · www.vancopayments.com Garland, Texas · www.charmsoffice.com
Vanco Payment Solutions, Inc. 2012-02-10 Connexeo, Inc. 2018-10-17 2
Bloomington, Minnesota · www.vancopayments.com Bloomington, Minnesota · www.connexeo.com
Network Merchants LLC 2017-09-07 CreditCall Ltd. 2018-02-20 3
Schaumburg, Illinois · www.nmi.com Bristol, United Kingdom · www.creditcall.com

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 11 (34%) 361M (82%) 31 (32%) 688M (50%)
Information Technology 6 (19%) - 12 (12%) -
Software 4 (13%) - 9 (9%) -
Business Services 3 (9%) - 8 (8%) -
E-Commerce 3 (9%) - 7 (7%) -
Financial Services 1 (3%) 80M (18%) 4 (4%) 80M (6%)
Media - - 4 (4%) 75M (5%)
Communications - - 4 (4%) 23M (2%)
Healthcare Services 1 (3%) - 3 (3%) 232M (17%)
Digital Media 2 (6%) - 3 (3%) -
Education - - 2 (2%) -
Information Services - - 1 (1%) 240M (17%)
Consumer Services - - 1 (1%) 45M (3%)
Apparel/Textiles 1 (3%) - 1 (1%) -
Consumer Products - - 1 (1%) -
Marketing - - 1 (1%) -
Medical Products - - 1 (1%) -
Retail - - 1 (1%) -
Safety/Security - - 1 (1%) -
Staffing - - 1 (1%) -
Transportation - - 1 (1%) -
Total 32 $441M 97 $1.4B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 26 (81%) 441M (100%) 81 (84%) 1.2B (84%)
  California 4 (13%) 150M (34%) 13 (13%) 195M (14%)
  Massachusetts 2 (6%) 115M (26%) 10 (10%) 355M (26%)
  Florida 3 (9%) 96M (22%) 9 (9%) 96M (7%)
  Pennsylvania 3 (9%) - 6 (6%) -
  Georgia 2 (6%) - 6 (6%) -
  New York 3 (9%) - 5 (5%) 75M (5%)
  Illinois 2 (6%) - 5 (5%) 23M (2%)
  Texas - - 4 (4%) 112M (8%)
  Minnesota 1 (3%) 80M (18%) 3 (3%) 80M (6%)
  New Jersey 1 (3%) - 3 (3%) -
  Arizona - - 3 (3%) -
  Alabama 2 (6%) - 2 (2%) -
  Virginia 2 (6%) - 2 (2%) -
  Ohio 1 (3%) - 2 (2%) -
  Tennessee - - 2 (2%) 232M (17%)
  Utah - - 2 (2%) -
  Colorado - - 1 (1%) -
  Wisconsin - - 1 (1%) -
  Oklahoma - - 1 (1%) -
  Missouri - - 1 (1%) -
United Kingdom 3 (9%) - 6 (6%) 216M (16%)
Canada 2 (6%) - 3 (3%) -
  Ontario 2 (6%) - 2 (2%) -
  British Columbia - - 1 (1%) -
Brazil - - 3 (3%) -
Germany 1 (3%) - 2 (2%) -
Spain - - 1 (1%) -
Denmark - - 1 (1%) -
Domestic 26 (81%) 441M (100%) 81 (84%) 1.2B (84%)
Cross-border 6 (19%) - 16 (16%) 216M (16%)
Total 32 $441M 97 $1.4B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 9 (28%) - 33 (34%) -
Buyout (LBO, MBO, MBI) 4 (13%) 176M (40%) 25 (26%) 536M (39%)
Recapitalization 8 (25%) - 15 (15%) -
Secondary Buyout 8 (25%) 265M (60%) 14 (14%) 825M (60%)
Venture 1 (3%) - 4 (4%) -
Stake Purchase - - 3 (3%) 23M (2%)
Divestiture 2 (6%) - 2 (2%) -
Going Private - - 1 (1%) -
Total 32 $441M 97 $1.4B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 24 (40%) 8.8B (72%)
Trade Sale 14 (23%) 500M (4%)
Secondary Sale 11 (18%) 2.0B (16%)
IPO 4 (7%) -
Merger 3 (5%) 1.0B (8%)
Bankruptcy 3 (5%) -
Stake Sale 1 (2%) -
Total 60 $12.3B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
 2
LUMA Partners
 1
Arma Partners LLP
 1
Legal Deals
Goodwin Procter
 9
Sidley
 4
Choate Hall & Stewart
 3

Deal Values

buy # Total
$100M to $1B 6 $1.1B
< $100M 5 $319M
TOTAL $1.4B
Largest Zoom Information, Inc.
$240M (2017-08-14)
sell # Total
> $1B 3 $4.6B
$100M to $1B 20 $8.4B
TOTAL $13.0B
Largest Ascenty Ltda.
$1.8B (2018-09-24)

M&A Connections

Deals
Acquired from
Investor(s)
18%
17 (18%)
Strategic(s)
2%
2 (2%)
Exited to
Investor(s)
20%
12 (20%)
Strategic(s)
67%
40 (67%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

12.0B USD

Established

1998

Specialist/Generalist

Generalist

Leadership

Andrew Gorrin

Growth Partner

Erin Peterson

Head of Talent

Christopher Busby

Managing Director

Christopher Gaffney

Managing Director

Dave Roberts

Managing Director

FAQ

When was Great Hill Partners founded?

Great Hill Partners was founded in 1998.

What type of investor is Great Hill Partners?

Great Hill Partners is a private equity firm.

Where is Great Hill Partners headquartered?

Great Hill Partners is headquartered in Boston, Massachusetts.

How much capital does Great Hill Partners have under management?

Great Hill Partners has 12.0B USD under management.

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