Investment Summary

Bain Capital Private Equity Invests In Viewpoint Construction Software

On April 22, 2014, private equity firm Bain Capital Private Equity invested in software company Viewpoint Construction Software from TA Associates and Updata Partners

Investment Highlights
  • This is Bain Capital Private Equity’s 7th transaction in the Software sector.
  • This is Bain Capital Private Equity’s 69th transaction in the United States.
  • This is Bain Capital Private Equity’s 1st transaction in Oregon.
Investment Fate
  • Viewpoint Construction Software was sold to a publicly-traded strategic buyer in 2018 for 1.2B USD.

Investment Summary

Date 2014-04-22
Target Viewpoint Construction Software
Sector Software
Investor(s) Bain Capital Private Equity
Sellers(s) TA Associates
Updata Partners
Deal Type Stake Purchase
Advisor(s) Credit Suisse Investment Banking
Canaccord Genuity (Financial)
Goodwin Procter (Legal)

Target

Viewpoint Construction Software

Portland, Oregon, United States
Viewpoint, Inc. is a provider of software solutions and services to the construction industry, meeting the collaboration and information needs of a variety of professionals including small, medium, large and enterprise contractors. Viewpoint, Inc. was established in 1976 and is based in Portland, Oregon.

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Investor(S) 1

Investor

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 121 of 251
Sector: Software M&A 7 of 18
Type: Stake Purchase M&A Deals 11 of 22
State: Oregon M&A 1 of 1
Country: United States M&A 69 of 130
Year: 2014 M&A 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-24 Nets

Ballerup, Denmark

Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark.

Buy kr.17.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Skillsoft

Nashua, New Hampshire, United States

Skillsoft provides cloud-based learning solutions for its customers worldwide, ranging from global enterprises, government, and education to mid-sized and small businesses. Skillsoft's customer support teams draw on a wealth of in-house experience and a comprehensive learning e-library to develop off-the-shelf and custom learning programs tailored to cost-effectively meet customer needs. Skillsoft was formed in 1998 and is based in Nashua, New Hampshire.

Sell -

Seller(S) 2

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 172 of 260
Sector: Software M&A 38 of 58
Type: Stake Purchase M&A Deals 3 of 6
State: Oregon M&A 1 of 1
Country: United States M&A 156 of 207
Year: 2014 M&A 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-05 Jupiter Fund Management

London, United Kingdom

Jupiter Fund Management is a fund management group, managing investments for both private and institutional investors. Jupiter Fund Management was founded in 1985 and is based in London, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 BeyondTrust

Johns Creek, Georgia, United States

BeyondTrust is a provider of secure access solutions. BeyondTrust enables customers to quickly access and protect endpoints, defend privileged credentials, and support technology end-users to help businesses fight cyber threats while speeding performance. BeyondTrust was founded in 2003 and is based in Johns Creek, Georgia.

Buy -
SELLER

Updata Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Updata Partners is the investment affiliate of Updata Advisors, an East Coast US based investment bank. Updata Partners looks to invest in growth oriented information technology businesses from early-stage to buyout, with revenues up to $50 million. Updata Partners typically invests between $15 and $150 million as a lead or co-lead investor. Within information technology, Updata has specific interest in; infrastructure software, physical and digital security, storage software, educational software, internet and interactive technology, media and wireless infrastructure and services, financial technology software, retail technology, business intelligence, subscription-based and on-demand information services, and business services. Updata Partners was formed in 1998 and is based in Washington DC.


DEAL STATS #
Overall 23 of 46
Sector: Software M&A 12 of 21
Type: Stake Purchase M&A Deals 1 of 1
State: Oregon M&A 1 of 1
Country: United States M&A 23 of 42
Year: 2014 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Mashable

New York, New York, United States

Mashable, Inc., is a digital media and online news company focused on digital innovation, social media, and technology news. Mashable gained popularity as an early example of profitable digital media shortly after its founding in 2005. Its viral blog style spread quickly and easily on social media, making it a hit with advertisers looking for the easy-to-calculate readership metrics that Facebook and Twitter virality provided.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 XebiaLabs

Burlington, Massachusetts, United States

XebiaLabs, Inc. is a provider of automation software for DevOps and Continuous Delivery helping companies accelerate the delivery of new software. XebiaLabs was formed in 2008 and is based in Boston, Massachusetts.

Buy -