M&A Deal Summary

Bain Capital Private Equity Acquires PartsSource

On July 20, 2021, private equity firm Bain Capital Private Equity acquired software company PartsSource from Great Hill Partners

Acquisition Highlights
  • This is Bain Capital Private Equity’s 13th transaction in the Software sector.
  • This is Bain Capital Private Equity’s 106th transaction in the United States.
  • This is Bain Capital Private Equity’s 3rd transaction in Ohio.

M&A Deal Summary

Date 2021-07-20
Target PartsSource
Sector Software
Buyer(s) Bain Capital Private Equity
Sellers(s) Great Hill Partners
Deal Type Secondary Buyout
Advisor(s) Baird (Financial)
Goodwin Procter (Legal)

Target

PartsSource

Aurora, Ohio, United States
PartsSource is a provider of proprietary software solutions related to the acquisition and life cycle management of medical repair parts. PartsSource has been recognized by clinical engineers and healthcare executives alike for its unique ePartsFinder application for its ability to increase department efficiencies while reducing costs through its award-winning SmartPrice technology. PartsSource was founded in 2001 and is based in Aurora, Ohio.

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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 203 of 237
Sector (Software) 13 of 16
Type (Secondary Buyout) 52 of 66
State (Ohio) 3 of 3
Country (United States) 106 of 124
Year (2021) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Carson Group

Omaha, Nebraska, United States

Carson Group is a provider of wealth management tools and services to financial advisors and direct clients. Carson’s flagship partner program offers an integrated technology platform for advisors, offering services including asset management, research, marketing, and compliance. Carson Group was founded in 1983 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Berlin Brands Group

Berlin, Germany

Berlin Brands Group is an owner-managed e-commerce company operates product development, brand building and online distribution in 18 European countries. Berlin Brands Group is based in Berlin, Germany.

Buy -

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 53 of 61
Sector (Software) 4 of 5
Type (Secondary Buyout) 9 of 11
State (Ohio) 1 of 1
Country (United States) 46 of 51
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Auvik

Thornhill, Ontario, Canada

Auvik is a cloud-based software that simplifies and automates network monitoring and management for IT managed service providers. Auvik was founded in 2011 and is based in Thornhill, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 RetireeFirst

Mount Laurel, New Jersey, United States

RetireeFirst is a group retiree Medicare benefit manager that serves labor unions, public sector entities, and private corporations. It offers tailored benefit plans, full-service account management, and concierge retiree advocacy for plan sponsors and their retirees, that enhances benefit quality while driving material cost savings. RetireeFirst was formed in 2005 and is based in Mount Laurel, New Jersey.

Buy -