M&A Deal Summary

Bain Capital Private Equity Acquires TriTech Software Systems

On May 31, 2018, private equity firm Bain Capital Private Equity acquired software company TriTech Software Systems from Insight Partners

Acquisition Highlights
  • This is Bain Capital Private Equity’s 10th transaction in the Software sector.
  • This is Bain Capital Private Equity’s 93rd transaction in the United States.
  • This is Bain Capital Private Equity’s 13th transaction in California.
Investment Fate
  • TriTech Software Systems was sold to a strategic buyer in 2018.

M&A Deal Summary

Date 2018-05-31
Target TriTech Software Systems
Sector Software
Buyer(s) Bain Capital Private Equity
Sellers(s) Insight Partners
Deal Type Recapitalization
Advisor(s) William Blair (Financial)
Willkie Farr & Gallagher (Legal)

Target

TriTech Software Systems

San Diego, California, United States
TriTech Software Systems is a provider of enterprise and mobile communication software and services to public safety customers. TriTech’s solutions are used by 911 call centers and police, fire and emergency medical services agencies to respond to, process, dispatch and communicate emergency responses.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 171 of 251
Sector: Software M&A 10 of 18
Type: Recapitalization M&A Deals 7 of 8
State: California M&A 13 of 20
Country: United States M&A 93 of 130
Year: 2018 M&A 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 BMC

Houston, Texas, United States

BMC is a systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments. BMC was established in 1980 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Varsity Brands

Farmers Branch, Texas, United States

Varsity Brands provides goods and services to the school spirit industry. The company designs, markets, and manufactures cheerleading and dance team uniforms and accessories. It elevates the student experience, promotes participation, and celebrates achievement through three unique but interrelated businesses: BSN SPORTS; Varsity Spirit; and Herff Jones. Together, these businesses promote personal, school, and community pride through their customizable products and programs to elementary and middle schools, high schools, colleges and universities, church organizations, professional and collegiate sports teams, and corporations. Varsity Brands is based in Farmers Branch, Texas.

Buy -

Seller(S) 1

SELLER

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 12 of 48
Sector: Software M&A 6 of 19
Type: Recapitalization M&A Deals 1 of 1
State: California M&A 3 of 14
Country: United States M&A 12 of 41
Year: 2018 M&A 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 BMC

Houston, Texas, United States

BMC is a systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments. BMC was established in 1980 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Parachute Health

Princeton, New Jersey, United States

Parachute Health is a healthcare technology platform that is transforming the way patients receive the care they need to properly manage their health and recovery at home. Parachute leverages sophisticated machine learning technology to replace the antiquated process for prescribing orders for Durable Medical Equipment (DME) via fax and paper records. Parachute improves patient care and reduces costs for payors, providers, and suppliers by dramatically reducing order errors, insurance claim denials and time spent ordering equipment. Parachute Health was founded in 2015 and is based in Princeton, New jersey.

Buy -