M&A Deal Summary

Aquiline Capital Partners Acquires CoAdvantage

On July 24, 2019, private equity firm Aquiline Capital Partners acquired information technology company CoAdvantage from Morgan Stanley Capital Partners

Acquisition Highlights
  • This is Aquiline Capital Partners’ 10th transaction in the Information Technology sector.
  • This is Aquiline Capital Partners’ 31st transaction in the United States.
  • This is Aquiline Capital Partners’ 1st transaction in Florida.

M&A Deal Summary

Date 2019-07-24
Target CoAdvantage
Sector Information Technology
Buyer(s) Aquiline Capital Partners
Sellers(s) Morgan Stanley Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lazard Middle Market (Financial)

Target

CoAdvantage

Tampa, Florida, United States
CoAdvantage engages in human resource solutions, providing Professional Employer Organization (PEO) services to small and medium-sized businesses nationwide. CoAdvantage specializes in and excels at handling human resources. CoAdvantage are HR experts who work as your outsourcing partner to administer payroll, benefits, workers’ compensation, and core HR functions. CoAdvantage was founded in 1997 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 43 of 72
Sector (Information Technology) 10 of 13
Type (Secondary Buyout) 7 of 17
State (Florida) 1 of 2
Country (United States) 31 of 53
Year (2019) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 Health IQ

Mountain View, California, United States

Health IQ is an insurance technology innovator that uses proprietary data to reward runners, cyclists, swimmers, and other health-minded Americans with more attractively priced term-life insurance. Health IQ was founded in 2014 and is based in Mountain View, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Planet DDS

Irvine, California, United States

Planet DDS is a provider of proprietary dental Software-as-a-Service and Revenue Cycle Management services. Planet DDS, through its flagship product, Denticon, provides cloud-based dental practice management software. Planet DDS has been dedicated to providing individual dentists and multi-location dental groups with the software necessary to increase efficiencies and grow their practices while reducing IT spend and enhancing security. Planet DDS was founded in 2003 and is based in Irvine, California.

Buy -

Seller(S) 1

DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.


DEAL STATS #
Overall 16 of 25
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 4 of 9
State (Florida) 2 of 2
Country (United States) 13 of 21
Year (2019) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 HighQ Solutions

London, United Kingdom

HighQ Solutions Ltd. is a provider of software to law firms, investment banks and corporations. HighQ helps major law firms and corporate legal departments to transform the way they work and deliver legal services. HighQ Solutions Ltd. was founded in 2001 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Emler Swim School

Bedford, Texas, United States

Emler Swim School is a regional operator of swim schools for children 2 months and up. Emler Swim School was founded in 1975 and is based in Bedford, Texas.

Buy -