M&A Deal Summary |
|
|---|---|
| Date | 2019-07-02 |
| Target | Hodges-Mace Benefits Group |
| Sector | Internet Software and Services |
| Buyer(s) | Alight Solutions |
| Sellers(s) |
Stone Point Capital
Dowling Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | William Blair (Financial) Shearman & Sterling (Legal) |
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| Category | Company |
|---|---|
| Sector | Information Technology |
| Employees | 18,000 |
| Revenue | 3.1B USD (2023) |
Alight Solutions is a provider of outsourced benefits administration and human capital technology. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities. Alight Solutions is based in Lincolnshire, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 7 |
| Sector (Internet Software and Services) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 4 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 2 of 5 |
| Year (2019) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-27 |
Wipro - Workday and Cornerstone OnDemand Business
Bengaluru, India Wipro Ltd. - Workday and Cornerstone OnDemand Business is a SAAS-based enterprise solutions provider for HR, payroll and financial management. Cornerstone OnDemand Services to help its clients manage talent across their organizations effectively. Wipro’s Workday and Cornerstone OnDemand business has multiple customers across the United States, Europe, Middle East and Africa with a track record of delivering over 500 Workday engagements and around 3,000 Cornerstone OnDemand projects. |
Buy | $110M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-22 |
NGA Human Resources
London, United Kingdom NGA Human Resources is a provider of digital HR and multi-country payroll services. NGA Human Resources was founded in 1969 and is based in London, United Kingdom. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Focused |
Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 41 of 55 |
| Sector (Internet Software and Services) | 3 of 5 |
| Type (Add-on Acquisition) | 20 of 28 |
| State (Georgia) | 3 of 4 |
| Country (United States) | 35 of 49 |
| Year (2019) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-25 |
Kestra Financial
Austin, Texas, United States Kestra Financial is a provider of independent advisor platforms that empowers sophisticated independent financial professionals, including traditional and hybrid RIAs, to prosper, grow and provide superior client service. Kestra Financial was founded in 1997 and is based in Austin, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-16 |
PFSC
Portland, Oregon, United States PFSC is a third-party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize and royalty-based receivables). PFSC provides a comprehensive suite of services including primary servicing, successor servicing and backup servicing. PFSC also provides certain focused services such as document custodianship and verification agent services, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. PFSC was founded in 1992 and is based in Portland, Oregon. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| Size | Middle-Market |
| Type | Sector Focused |
Dowling Capital Partners is a private equity firm focused on investing in insurance and related services and distribution companies. Dowling looks to invest $5 to $20 million in small and mid-sized businesses operating primarily within the US, Bermuda, UK or Western Europe. Dowling was formed in 2011 and is based in Farmington, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-04 |
Agencyport Software
Boston, Massachusetts, United States Agencyport Software lets P&C insurers engage simply and quickly with their product distribution channels and technology partners. Company offer the world's leading web-based distribution technologies and robust business intelligence tools making the complex business of insurance simpler and smarter, increasing efficiency, improving underwriting, and sharpening carriers’ competitive edge. |
Sell | £64M |
