Investment Summary

TA Associates, Cove Hill Partners and Insight Partners Invest In Gamma Technologies

On June 1, 2015, private equity firm TA Associates, private equity firm Cove Hill Partners and venture capital firm Insight Partners invested in software company Gamma Technologies

Investment Highlights
  • This is TA Associates’ 46th, Cove Hill Partners’ 1st and Insight Partners’ 15th transaction in the Software sector.
  • This is TA Associates’ 189th, Cove Hill Partners’ 1st and Insight Partners’ 23rd transaction in the United States.
  • This is TA Associates’ 11th, Cove Hill Partners’ 1st and Insight Partners’ 1st transaction in Illinois.

Investment Summary

Date 2015-06-01
Target Gamma Technologies
Sector Software
Investor(s) TA Associates
Cove Hill Partners
Insight Partners
Deal Type Growth Capital
Advisor(s) Goodwin Procter (Legal)

Target

Gamma Technologies

Westmont, Illinois, United States
Gamma Technologies offers a sophisticated computer-aided engineering (CAE) software GT-SUITE that is used by engineers to execute large-scale, integrated simulations of powertrain and vehicle systems. GT-SUITE includes a complete library of physics-based modeling software customized to address the challenges of vehicle and component design, allowing simulation of a variety of vehicle functions and subsystems, including powertrain, transmission, engine, thermal management, hydraulics, lubrication and friction, acoustics, HVAC, after treatment, general multi-body mechanics and control. Gamma Technologies was founded in 1994 and is based in Westmont, Illinois.

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Investor(S) 3

Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 229 of 375
Sector: Software M&A 46 of 90
Type: Growth Capital M&A Deals 85 of 135
State: Illinois M&A 11 of 15
Country: United States M&A 189 of 271
Year: 2015 M&A 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-20 Procare Solutions

Denver, Colorado, United States

Procare Solutions is a provider of child care management software, integrated payment processing, technology and services. The company supports over 30,000 preschools, daycare centers, after-school programs, camps and related facilities with a broad product suite that serves the complex and unique demands of the child care market. With Tuition Express, the company’s integrated payment processing platform, Procare saves schools time and cost, providing seamless bank reconciliations and speedy electronic payment delivery. Procare is the trusted partner to schools and parents across the United States. Procare offers both a desktop solution and cloud hosting, and supports customers of all sizes from single-center operations to complex multinational enterprises. Procare Solutions was founded in 1992 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 DNCA Finance

Paris, France

DNCA Finance is a French asset management firm with €5 billion in funds under management. The company was founded in 2000 and offers clients a number of different fund products investing in France, the wider Eurozone and internationally.

Sell €549M
Investor

Cove Hill Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cove Hill Partners is a private equity firm focused on control (or influential minority) investments in consumer technology companies. The Firm looks to make 1 to 2 platform acquisitions per year and will consider opportunities throughout North America valued up to $800 million. Prospective companies generally exhibit strong management, high barriers to entry, attractive business models, and competitive market positions. Cove Hill Partners was formed in 2017 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 11
Sector: Software M&A 1 of 5
Type: Growth Capital M&A Deals 1 of 6
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 10
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 NetDocuments

Lehi, Utah, United States

NetDocuments is a provider of secure cloud-based document management, email management, and collaboration solutions to law firms and corporate legal and compliance departments. Today, the Company’s innovative end-to-end platform combines robust security, encryption, and compliance features with easy-to-use functionality that addresses the evolving needs of today’s professionals. NetDocuments was founded in 1999 and is based in Lehi, Utah.

Buy -
Investor

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
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 27 of 99
Sector: Software M&A 15 of 42
Type: Growth Capital M&A Deals 9 of 28
State: Illinois M&A 1 of 3
Country: United States M&A 23 of 79
Year: 2015 M&A 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-27 Virgin Pulse

Providence, Rhode Island, United States

Virgin Pulse is a provider of employee-centric solutions that drive wellbeing, culture and productivity across organizations around the world. Virgin Pulse platform is purpose built to deliver a personalized, consumer-grade user experience designed to promote health, productivity, and culture across organizations and employees. Virgin Pulse was founded in 2004 and is based in Providence, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Fourth

Austin, Texas, United States

Fourth is a cloud-based (SaaS) provider of hospitaliy management systems. Fourth was founded in 1999 and is based in Austin, Texas.

Buy -