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M&A Deal Summary

Centerbridge Partners and Bridgeport Partners Acquire CSI

On August 22, 2022, asset manager Centerbridge Partners and private equity firm Bridgeport Partners acquired internet software and services company CSI for 1.6B USD

Acquisition Highlights
  • This is Centerbridge Partners’ 1st and Bridgeport Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Centerbridge Partners’ 2nd and Bridgeport Partners’ largest (disclosed) transaction.
  • This is Centerbridge Partners’ 38th and Bridgeport Partners’ 1st transaction in the United States.
  • This is Centerbridge Partners’ 1st and Bridgeport Partners’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2022-08-22
Target CSI
Sector Internet Software and Services
Buyer(s) Centerbridge Partners
Bridgeport Partners
Deal Type Going Private
Deal Value 1.6B USD

Target

CSI

Paducah, Kentucky, United States
CSI provides core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance, and document delivery solutions to financial institutions and corporate entities across the nation. CSI was founded in 1965 and is based in Paducah, Kentucky.

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Buyer(S) 2

Buyer

Centerbridge Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2005
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 46 of 50
Sector: Internet Software and Services M&A 1 of 1
Type: Going Private M&A Deals 3 of 5
State: Kentucky M&A 1 of 1
Country: United States M&A 38 of 41
Year: 2022 M&A 2 of 3
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Soul Foods Group

Rickmansworth, United Kingdom

Soul Foods Group is a multinational quick service restaurant franchisee, operating a portfolio of nearly 400 restaurants and cafes across the United Kingdom and Canada under the KFC, Taco Bell, Starbucks and Burger King brands. Soul Foods Group was founded in 1985 and is based in Rickmansworth, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-12 MacLean Power Systems

Fort Mill, South Carolina, United States

MacLean Power Systems is a manufacturer of products used by utilities for building transmission and distribution lines and substations. MPS product families include hardware and connection products as well as insulation and protection products. MacLean Power Systems was founded in 1925 and is based in Fort Mill, South Carolina.

Buy -
Buyer

Bridgeport Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Agnostic
DESCRIPTION

Bridgeport Partners is a generalist investment firm focused on investing in companies positioned for growth. The Firm seeks to partner with founders and management teams and looks to invest long-term. Bridgeport Partners was established in 2019 and is headquartered in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Going Private M&A Deals 1 of 1
State: Kentucky M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
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