M&A Deal Summary

BV Investment Partners and TA Associates Acquire Solarity

On November 5, 2019, private equity firms BV Investment Partners and TA Associates acquired internet software and services company Solarity

Acquisition Highlights
  • This is BV Investment Partners’ 3rd and TA Associates’ 21st transaction in the Internet Software and Services sector.
  • This is BV Investment Partners’ 40th and TA Associates’ 228th transaction in the United States.
  • This is BV Investment Partners’ 1st and TA Associates’ 3rd transaction in Missouri.

M&A Deal Summary
Date 2019-11-05
Target Solarity
Sector Internet Software and Services
Buyer(s) BV Investment Partners
TA Associates
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) CIBC Cleary Gull (Financial)
Horwood Marcus & Berk (Legal)

Target

Solarity

St Louis, Missouri, United States
Solarity is a provider of automated unstructured data indexing solutions for healthcare providers. The Company’s Solarity software, through its natural language processing capabilities and patented recognition engine, enables the automated transformation of unstructured data into clinically relevant patient information for electronic health record (“EHR”) systems. Solarity is based in St Louis, Missouri.

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Buyer(S) 2

Buyer

BV Investment Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BV Investment Partners is a private equity firm partner with entrepreneurs and families to invest in sound businesses and provide them with significant strategic, operating, and analytical assistance to accelerate the growth of the company through organic initiatives and acquisitions. BV was formed in 1983 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 43 of 60
Sector (Internet Software and Services) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 16 of 18
State (Missouri) 1 of 1
Country (United States) 40 of 56
Year (2019) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-15 Plasco ID

Miami, Florida, United States

Plasco, Inc. is an online lead generation and distribution business serving the identification and access control industry. Plasco sells identification products through its direct sales force, value-added distribution partners, and award-winning websites. Plasco, Inc. was founded in 1983 and is based in Miami, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-26 Topbloc

Chicago, Illinois, United States

Topbloc provides initial and phased Workday implementations, help desk technical and functional support, and managed payroll services across a wide range of industries, including technology, financial services, business services, and other sectors. Topbloc was founded in 2016 and is based in Chicago, Illinois.

Buy -
Buyer

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 298 of 364
Sector (Internet Software and Services) 21 of 26
Type (Buyout (LBO, MBO, MBI)) 69 of 72
State (Missouri) 3 of 3
Country (United States) 228 of 263
Year (2019) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 Radixx International

Orlando, Florida, United States

Radixx International, Inc. is a provider of travel distribution and passenger service system software for airline reservations, distribution and merchandising. Radixx offers a cloud-based SaaS Passenger Service System (PSS) designed to help airlines increase profitability and maximize productivity through expanded distribution of products and services. Radixx International, Inc. was founded in 1993 and is based in Orlando, Florida.

Sell $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 Kiwoko

Madrid, Spain

Kiwoko is an integrated pet care specialist in Spain and Portugal with a growing network of over 125 specialized pet stores, 75 veterinary clinics, and eight veterinary hospitals.

Sell -
Mergr

Product

Company

Legal