M&A Deal Summary

Aquiline Capital Partners Acquires SurePoint Technologies

On June 2, 2021, private equity firm Aquiline Capital Partners acquired software company SurePoint Technologies from ParkerGale Capital

Acquisition Highlights
  • This is Aquiline Capital Partners’ 9th transaction in the Software sector.
  • This is Aquiline Capital Partners’ 42nd transaction in the United States.
  • This is Aquiline Capital Partners’ 2nd transaction in Ohio.

M&A Deal Summary
Date 2021-06-02
Target SurePoint Technologies
Sector Software
Buyer(s) Aquiline Capital Partners
Sellers(s) ParkerGale Capital
Deal Type Secondary Buyout

Target

SurePoint Technologies

Cincinnati, Ohio, United States
SurePoint Technologies is a provider of financial and practice management software for law firms. SurePoint Technologies provides their clients with a fully integrated solution for revenue and expense management, timekeeping, practice management, and analytical reporting tools to successfully and profitably manage law firms. SurePoint Technologies was founded in 1982 and is based in Cincinnati, Ohio.

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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 57 of 72
Sector (Software) 9 of 13
Type (Secondary Buyout) 12 of 17
State (Ohio) 2 of 2
Country (United States) 42 of 53
Year (2021) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Wealth at Work

Liverpool, United Kingdom

Wealth at Work provides services that allow employees to maximize the value of their benefits by providing financial education tailored to the needs of individual employers and of different employee groups within these companies. Wealth at Work was formed in 2004 and is based in Liverpool, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 Aon - U.S. Retirement Business

United States

Aon’s U.S. Retirement Business provides U.S. core retirement consulting and U.S. pension administration services to clients.

Buy -

Seller(S) 1

SELLER

ParkerGale Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

ParkerGale Capital is a private equity firm focused on small buyouts of technology companies. The Firm will consider opportunities throughout North America and seeks businesses with predictable, recurring business models and at least $2 million profits. ParkerGale has a preference for founder owned companies. ParkerGale Capital was formed in 2015 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 5
Sector (Software) 1 of 4
Type (Secondary Buyout) 1 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 5
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 SMA Technologies

Houston, Texas, United States

SMA Technologies is a provider of workload automation software for clients, automating essential processes across core software systems and applications including ERP, transaction processing, IT service management, and human resource management. The need for workload automation continues to increase as IT environments become more complex with heterogeneity. SMA Technologies was founded in 1980 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Source Intelligence

Carlsbad, California, United States

Source Intelligence is a global network of businesses linked together to expedite the exchange and validation of compliance information. SI's cloud-based SaaS platform helps customers make informed decisions about business partners to offer products that meet legal, ethical, and environmental standards. Source Intelligence was founded in 2008 and is based in Carlsbad, California.

Buy -
Mergr

Product

Company

Legal