M&A Deal Summary

Centerbridge Partners Acquires Vision Solutions

On July 6, 2017, asset manager Centerbridge Partners acquired software company Vision Solutions from Clearlake Capital

Acquisition Highlights
  • This is Centerbridge Partners’ 3rd transaction in the Software sector.
  • This is Centerbridge Partners’ 25th transaction in the United States.
  • This is Centerbridge Partners’ 3rd transaction in California.

M&A Deal Summary

Date 2017-07-06
Target Vision Solutions
Sector Software
Buyer(s) Centerbridge Partners
Sellers(s) Clearlake Capital
Deal Type Secondary Buyout
Advisor(s) Evercore Group
Jefferies (Financial)

Target

Vision Solutions

Irvine, California, United States
Vision Solutions, Inc. is a provider of information availability software and services for Windows, Linux, IBM Power Systems and Cloud Computing markets. Vision Solutions, Inc. was established in 1990 and is headquartered in Irvine, California.

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Buyer(S) 1

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 29 of 47
Sector (Software) 3 of 4
Type (Secondary Buyout) 17 of 27
State (California) 3 of 5
Country (United States) 25 of 39
Year (2017) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Precisely

Burlington, Massachusetts, United States

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 TriMark

South Attleboro, Massachusetts, United States

TriMark is a full service distributor of food service equipment and supplies and a provider of design and engineering services to over 10,000 customers nationwide, including restaurant, healthcare, entertainment, and other food service venues and facilities. TriMark USA, Inc. was established in 1998 and is based in South Attleboro, Massachusetts.

Buy -

Seller(S) 1

SELLER

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 14 of 35
Sector (Software) 5 of 8
Type (Secondary Buyout) 5 of 10
State (California) 4 of 6
Country (United States) 14 of 32
Year (2017) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Precisely

Burlington, Massachusetts, United States

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-10 JetSmarter

Fort Lauderdale, Florida, United States

JetSmarter, Inc. is a technology company known for creating a new class of flying called social aviation, which pairs the practice of purchasing low cost empty legs and underutilized capacity with the sharing economy. Its asset-lite approach allows JetSmarter to substantially reduce costs, making private aviation available to more consumers and businesses. JetSmarter is the world’s largest marketplace for private aviation, with over 670,000 registered app users, 10,000 members, and connectivity to 3,200 aircraft, and has transported over 40,000 unique passengers since inception. The investment will enable JetSmarter to accelerate growth by continuing to launch new products and routes globally and by increasing supply on existing routes.

Buy -