M&A Deal Summary

Clearlake Capital and Aurora Capital Partners Acquire Zywave

On November 17, 2020, private equity firms Clearlake Capital and Aurora Capital Partners acquired internet software and services company Zywave from Aurora Capital Partners

Acquisition Highlights
  • This is Clearlake Capital’s 9th and Aurora Capital Partners’ 3rd transaction in the Internet Software and Services sector.
  • This is Clearlake Capital’s 60th and Aurora Capital Partners’ 29th transaction in the United States.
  • This is Clearlake Capital’s 1st and Aurora Capital Partners’ 3rd transaction in Wisconsin.

M&A Deal Summary
Date 2020-11-17
Target Zywave
Sector Internet Software and Services
Buyer(s) Clearlake Capital
Aurora Capital Partners
Sellers(s) Aurora Capital Partners
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)

Target

Zywave

Milwaukee, Wisconsin, United States
Zywave is a provider of SaaS solutions that drive improved performance in sales, marketing and customer retention for commercial insurance and benefits brokerages. The company’s products deliver more initial prospect meetings, better close rates, shorter selling cycles and higher customer retention in the intensely competitive brokerage market. Zywave serves the vast majority of the leading brokerages in the U.S. including both large and small- to medium-sized brokers in all 50 states. Zywave is based in Milwaukee, Wisconsin.

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Buyer(S) 2

Buyer

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 63 of 88
Sector (Internet Software and Services) 9 of 14
Type (Secondary Buyout) 24 of 38
State (Wisconsin) 1 of 1
Country (United States) 60 of 83
Year (2020) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-13 PrimeSource

Irving, Texas, United States

PrimeSource is a provider of construction fastening solutions and specialty branded hardware. The Company’s product offering spans more than 52,000 SKUs, including construction fasteners, cabinet knobs & pulls, functional hardware, insulation, roofing products, drawers, and organizers, among others. PrimeSource was formed in 1990 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Wellness Pet

Tewksbury, Massachusetts, United States

Wellness Pet is a pioneer in the natural pet food movement by offering nutritional recipes with the highest quality ingredients for dogs and cats. Wellness Pet was established in 1926 and is headquartered in Tewksbury, Massachusetts.

Buy -
Buyer

Aurora Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Aurora Capital Partners is a private investment firm that manages private equity funds as well as investment vehicles focused on debt/equity securities. Targeted businesses are generally industry leaders that operate in defensible markets with sustainable margins. Sectors of interest include aerospace, industrial products, and services, packaging, plastics, distribution, manufacturing, media, retail, and chemicals. Aurora will only consider majority/control positions. Aurora's investment horizon is typically three to seven years. Aurora Capital Partners was formed in 1991 and is based in Los Angeles, California.

DEAL STATS #
Overall 30 of 40
Sector (Internet Software and Services) 3 of 4
Type (Secondary Buyout) 16 of 21
State (Wisconsin) 3 of 3
Country (United States) 29 of 39
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-21 FMG Suite

San Diego, California, United States

FMG Suite is a SaaS provider of cloud-based marketing software and services for financial services professionals and insurance agencies. FMG delivers the leading advisor marketing platform backed by an award-winning, FINRA-reviewed, and compliance-ready content library. FMG Suite was founded in 2011 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Premier Roofing

Denver, Colorado, United States

Premier Roofing is a roofing service providers and vendor managed networks in U.S. Premier Roofing re-roofs properties primarily damaged by hail or wind. Premier serves as the homeowner's end-to-end service guide throughout the insurance and construction process, and the Company is focused on serving geographies with strong and recurring storm activity. Premier Roofing was founded in 2005 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Aurora Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Aurora Capital Partners is a private investment firm that manages private equity funds as well as investment vehicles focused on debt/equity securities. Targeted businesses are generally industry leaders that operate in defensible markets with sustainable margins. Sectors of interest include aerospace, industrial products, and services, packaging, plastics, distribution, manufacturing, media, retail, and chemicals. Aurora will only consider majority/control positions. Aurora's investment horizon is typically three to seven years. Aurora Capital Partners was formed in 1991 and is based in Los Angeles, California.

DEAL STATS #
Overall 19 of 23
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 10 of 11
State (Wisconsin) 2 of 2
Country (United States) 18 of 22
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-21 FMG Suite

San Diego, California, United States

FMG Suite is a SaaS provider of cloud-based marketing software and services for financial services professionals and insurance agencies. FMG delivers the leading advisor marketing platform backed by an award-winning, FINRA-reviewed, and compliance-ready content library. FMG Suite was founded in 2011 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Premier Roofing

Denver, Colorado, United States

Premier Roofing is a roofing service providers and vendor managed networks in U.S. Premier Roofing re-roofs properties primarily damaged by hail or wind. Premier serves as the homeowner's end-to-end service guide throughout the insurance and construction process, and the Company is focused on serving geographies with strong and recurring storm activity. Premier Roofing was founded in 2005 and is based in Denver, Colorado.

Buy -
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