M&A Deal Summary

AffiniPay Acquires MyCase

On June 9, 2022, AffiniPay acquired internet software and services company MyCase from Apax and Monroe Capital

Acquisition Highlights
  • This is AffiniPay’s 2nd transaction in the Internet Software and Services sector.
  • This is AffiniPay’s 2nd transaction in the United States.
  • This is AffiniPay’s 1st transaction in California.

M&A Deal Summary
Date 2022-06-09
Target MyCase
Sector Internet Software and Services
Buyer(s) AffiniPay
Sellers(s) Apax
Monroe Capital
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)
Simpson Thacher & Bartlett (Legal)

Target

MyCase

San Diego, California, United States
MyCase is an all-in-one legal practice management software designed for a modern law firm. The company covers the entire client lifecycle with Lead Management, Case Management, Billing and Invoicing, and Robust Reporting. It includes market-leading features such as integrated MyCase Payments, 2-way text messaging, MyCase Client Portal to centralize client communication, and MyCase Drive. The MyCase family of brands includes the broadest suite of legal practice management software solutions in the industry including MyCase, CASEpeer (Personal Injury), Soluno (Billing & Accounting), DocketWise (Immigration), and Woodpecker (Document Automation). MyCase was founded in 2010 and is based in San Diego, California.

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Buyer(S) 1

Buyer

AffiniPay

Austin, Texas, United States
Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

AffiniPay is a provider of electronic payment solutions to professional services firms. AffiniPay provides proprietary electronic payment tools designed to facilitate simple and secure acceptance of credit cards, debit cards and eChecks for professionals. AffiniPay is based in Austin, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 ClientPay

Saint Paul, Minnesota, United States

ClientPay is a technology solution developed to make life easier for professional services firms through innovations in digital payment processing. ClientPay was founded in 1993 and is based in Saint Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-22 Soluno

Mississauga, Ontario, Canada

Soluno is a cloud-based legal software that specializes in accounting, billing, trust, time/expense entry, and matter management. Soluno is based in Mississauga, Ontario.

Sell -

Seller(S) 2

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 163 of 172
Sector (Internet Software and Services) 14 of 16
Type (Add-on Acquisition) 57 of 60
State (California) 12 of 12
Country (United States) 60 of 64
Year (2022) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 EcoOnline

London, United Kingdom

EcoOnline is a SaaS company developing software creating safer and sustainable workplaces while ensuring compliance and environmental sustainability. EcoOnline was founded in 2000 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-25 Pickles Auctions

Belmore, Australia

Pickles Auctions is Australia’s Auctioneer and Valuer, delivering exceptional service to their vendors and customers daily. Pickles Auctions engages in asset remarketing across industrial, cars, trucks, and salvage. Pickles Auctions was founded in 1964 and is based in Belmore, Australia.

Buy -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 45 of 53
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 22 of 27
State (California) 6 of 8
Country (United States) 45 of 53
Year (2022) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Spectrum Science

Washington, District of Columbia, United States

Spectrum Science is an integrated marketing, communications, and media agency with end-to-end capabilities. The company's team are experts in science focused on strategic engagements with our audiences. It leverage human-centered insights, motivating creative, innovative storytelling and technology to reach audiences where they are with the content they need and want. Spectrum Science was founded in 1996 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 CNS

Torrance, California, United States

CNS is a clinical trial research provider, assisting pharmaceutical companies and contract research organizations with the various phases of drug development. The company provides services that manage various aspects of clinical trials for pharmaceutical companies testing potential compounds and drugs for FDA approval. CNS is based in 2000 and is based in Torrance, California.

Sell -
Mergr

Product

Company

Legal