M&A Deal Summary |
|
|---|---|
| Date | 2018-01-10 |
| Target | Perforce |
| Sector | Software |
| Buyer(s) |
Clearlake Capital
Francisco Partners |
| Sellers(s) | Summit Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Shea & Company Credit Suisse Investment Banking Deutsche Bank Corporate & Investment Banking William Blair (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 72.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 42 of 90 |
| Sector (Software) | 11 of 19 |
| Type (Secondary Buyout) | 10 of 39 |
| State (Minnesota) | 2 of 3 |
| Country (United States) | 40 of 85 |
| Year (2018) | 1 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-01 |
IronGate Energy Services
Houston, Texas, United States IronGate Energy Services is a provider of rental and tubular services to the oil and natural gas exploration and production operators in North America. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-11 |
ProVation Medical
Minneapolis, Minnesota, United States ProVation Medical is a provider of healthcare software and SaaS solutions for clinical productivity, care coordination, quality reporting, and billing. ProVation Medical solutions are proven to improve clinical workflows, staff satisfaction, and the patient experience. ProVation Medical was founded in 1994 and is based in Minneapolis, Minnesota. |
Buy | €150M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Focused |
Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 94 of 157 |
| Sector (Software) | 36 of 54 |
| Type (Secondary Buyout) | 11 of 27 |
| State (Minnesota) | 3 of 3 |
| Country (United States) | 78 of 132 |
| Year (2018) | 2 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-04 |
Connecture
Brookfield, Wisconsin, United States Connecture is a web-based consumer shopping, enrollment and retention platform for health insurance distribution. Connecture offers a personalized health insurance shopping experience that recommends the best fit insurance plan based on an individual’s preferences, health status, preferred providers, medications and expected out-of-pocket costs. Connecture’s customers are health insurance marketplace operators such as health plans, brokers and exchange operators, who must distribute health insurance in a cost-effective manner to a growing number of insured consumers. Connecture’s solutions automate key functions in the health insurance distribution process, allowing its customers to price and present plan options accurately to consumers and efficiently enroll, renew and manage plan members. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-26 |
Discovery Education
Charlotte, North Carolina, United States Discovery Education with its state-of-the-art digital platform supports learning wherever it takes place. Through its multimedia content, instructional supports, and innovative classroom tools, the company helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. It serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in nearly 100 countries and territories. Discovery Education is based in Charlotte, North Carolina. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 221 of 286 |
| Sector (Software) | 39 of 52 |
| Type (Secondary Buyout) | 38 of 60 |
| State (Minnesota) | 7 of 9 |
| Country (United States) | 199 of 246 |
| Year (2018) | 1 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-03 |
Trintech
Plano, Texas, United States Trintech is a provider of integrated software solutions for the Last Mile of Finance. From the time a transaction occurs to the time financial statements are issued, Trintech's innovative Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing. Trintech was founded in 1993 and is based in Plano, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-22 |
Advance Medical
Westwood, Massachusetts, United States Advance Medical, Inc. is a physician-based telemedicine provider offering employers and insurers the ability to provide top-quality, concierge-level medical advice and support to patients around the globe via offices in the U.S., Europe, Asia, and South America. |
Buy | - |
