M&A Deal Summary

BGH Capital and Sixth Street Partners Acquire Pushpay

On October 31, 2022, private equity firm BGH Capital and asset manager Sixth Street Partners acquired internet software and services company Pushpay for 898M USD

Acquisition Highlights
  • This is BGH Capital’s 1st and Sixth Street Partners’ 3rd transaction in the Internet Software and Services sector.
  • This is BGH Capital’s 2nd and Sixth Street Partners’ 5th largest (disclosed) transaction.
  • This is BGH Capital’s 1st and Sixth Street Partners’ 16th transaction in the United States.
  • This is BGH Capital’s 1st and Sixth Street Partners’ 1st transaction in Washington.

M&A Deal Summary
Date 2022-10-31
Target Pushpay
Sector Internet Software and Services
Buyer(s) BGH Capital
Sixth Street Partners
Deal Type Going Private
Deal Value 898M USD

Target

Pushpay

Redmond, Washington, United States
Pushpay is a provider of mobile commerce tools that facilitate non-point-of-sale payments between consumers and merchants. It also specialises in non-profit organisations and churches. Pushpa was founded in 2011 and is based in Redmond, Washington.

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Buyer(S) 2

Buyer

BGH Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 2.6B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

BGH Capital is a private equity firm that partners with entrepreneurs and management teams in Australia and New Zealand to build strong, sustainable, market-leading businesses. The Firm pursues mid-market companies and does not have any sector preferences. BGH Capital was formed in 2017 and is headquartered in Melbourne.

DEAL STATS #
Overall 8 of 8
Sector (Internet Software and Services) 1 of 1
Type (Going Private) 4 of 4
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2022) 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Virtus Health

Greenwich, Australia

Virtus Health is a provider of clinical, scientific, diagnostic and day surgery services. Virtus Health was founded in 2008 and is based in Greenwich, Australia.

Buy $515M
Buyer

Sixth Street Partners

Category Asset Manager
Founded 2009
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sixth Street is a global alternative asset manager and lender that offers a wide range of capital solutions to small, medium, and large companies. The Firm maintains a variety of investment vehicles focused on growth companies, infrastructure, insurance, agriculture as well as other strategies. Sixth Street was established in 2009 and is headquartered in San Francisco, California.

DEAL STATS #
Overall 18 of 26
Sector (Internet Software and Services) 3 of 3
Type (Going Private) 2 of 4
State (Washington) 1 of 1
Country (United States) 16 of 23
Year (2022) 5 of 5
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Blueprint Medicines

Cambridge, Massachusetts, United States

Blueprint Medicines is a bio pharmaceutical company focused on improving the lives of patients with genomically defined diseases driven by abnormal kinase activation. Blueprint Medicines was founded in 2008 and is based in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 National Women’s Soccer League

New York City, New York, United States

National Women’s Soccer League is an operator of professional women's soccer league at the top of the United States league system. National Women’s Soccer League was founded 2012 and is based in New York City.

Buy -
Mergr

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