M&A Deal Summary

BC Partners Acquires NAVEX

On July 17, 2018, private equity firm BC Partners acquired software company NAVEX from Vista Equity Partners

Acquisition Highlights
  • This is BC Partners’ 3rd transaction in the Software sector.
  • This is BC Partners’ 14th transaction in the United States.
  • This is BC Partners’ 1st transaction in Oregon.

M&A Deal Summary

Date 2018-07-17
Target NAVEX
Sector Software
Buyer(s) BC Partners
Sellers(s) Vista Equity Partners
Deal Type Recapitalization
Advisor(s) Morgan Stanley (Financial)
Kirkland & Ellis (Legal)

Target

NAVEX

Lake Oswego, Oregon, United States
NAVEX is a provider of ethics and compliance software, content and services helps organizations protect their people, reputation and bottom line. NAVEX was founded in 2012 and is based in Lake Oswego, Oregon.

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Buyer(S) 1

Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a large investment group focused on private equity, credit, real estate, and co-investment strategies. The Firm's private equity group looks to make control investments in European and North American businesses valued above €300 million. Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and is based in London, England.


DEAL STATS #
Overall 80 of 96
Sector (Software) 3 of 3
Type (Recapitalization) 2 of 3
State (Oregon) 1 of 1
Country (United States) 14 of 18
Year (2018) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 Forno d Asolo

Maser, Italy

Forno d’Asolo, which makes frozen pastry and bakery products, is expected to report core profits of 25 million euros for this year.

Buy €300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 VetPartners

Villanova, Pennsylvania, United States

VetPartners is a nonprofit association of veterinary business specialists dedicated to serving the veterinary profession. VetPartners was founded in 2015 and is based in Villanova, Pennsylvania.

Buy £700M

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 36 of 70
Sector (Software) 15 of 28
Type (Recapitalization) 3 of 3
State (Oregon) 3 of 4
Country (United States) 33 of 65
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 IAS

New York, New York, United States

IAS is a technology company specializing in measuring media quality to verify and optimize the placement of digital advertisements. IAS' capabilities include fraud detection, viewability assessment, brand safety assurance, and optimization services. IAS aims to help advertisers and publishers ensure that every digital ad impression is both effective and accurately analyzed for its impact on consumer actions. IAS was founded in 2009 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Alegeus

Waltham, Massachusetts, United States

Alegeus is a provider of benefits administration software, debit cards, and transaction processing solutions for consumer directed healthcare accounts, including flexible spending accounts, health reimbursement arrangements, and health savings accounts. Alegeus was formed in 2012 and is based in Waltham, Massachusetts.

Buy -