M&A Deal Summary |
|
|---|---|
| Date | 2021-11-03 |
| Target | Investment Metrics |
| Sector | Information Technology |
| Buyer(s) | Confluence |
| Sellers(s) |
HarbourVest Partners
Resurgens Technology Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 500M USD |
| Advisor(s) | Centerview Partners (Financial) DLA Piper (Legal) |
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| Category | Company |
|---|---|
| Founded | 1991 |
| Sector | Internet Software and Services |
Confluence is a financial services data management software platform that offers mission-critical regulatory, investor communications, and performance reporting solutions to the global asset management industry. Confluence is uniquely positioned as the only unified data-driven software platform that enables asset managers and global and regional fund administrators to automate various communications and reporting to shareholders and regulators. Confluence was founded in 1991 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Information Technology) | 1 of 2 |
| Type (Add-on Acquisition) | 2 of 3 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2021) | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-29 |
StatPro Group
London, United Kingdom StatPro Group Plc is a cloud-based platform provides cloud-based portfolio analytics, asset data services, and data management tools for the global asset management industry and asset management service providers. The Group has 10 offices in Europe, North America, South Africa, and Australia, servicing 450+ clients in 37 countries. It is organized into three divisions: Revolution, Source: StatPro and Infovest. StatPro Group was founded in 1994 and is based in London, the United Kingdom. |
Buy | £161M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-09 |
CSS
New York, New York, United States CSS is a provider of technology-enabled regulatory and compliance solutions to the financial services industry. The CSS platform provides a comprehensive technology-enabled offering encompassing regulatory reporting, data management, outsourced compliance management services, compliance workflow tools, shareholding disclosure, trade monitoring, trading analytics, and cybersecurity solutions. CSS was founded in 2017 and is based in New York City. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 115 of 132 |
| Sector (Information Technology) | 18 of 18 |
| Type (Add-on Acquisition) | 47 of 57 |
| State (Connecticut) | 3 of 4 |
| Country (United States) | 73 of 83 |
| Year (2021) | 7 of 9 |
| Size (of disclosed) | 30 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-03 |
Newport
Walnut Creek, California, United States Newport is an independent provider of retirement services in the U.S., with over one million employee participants and more than $160 billion in assets under administration. Newport's services include retirement plan recordkeeping and administration, insurance distribution, and consulting services related to retirement plans. Newport was founded in 1984 and is based in Walnut Creek, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-05 |
Ministry Brands
Lenoir City, Tennessee, United States Ministry Brands is a provider of SaaS platforms for churches, parachurch ministries and other faith-based organizations in the United States and Canada. The company seeks to equip the 21stcentury church with technology that empowers pastors, church executives, technology professionals, and administrators to proactively carry out their Biblical mission with excellence, reverence, and efficiency. Its suite of solutions includes church management, giving, accounting, mobile applications, website development, background checks, content, streaming, and messaging. Ministry Brands was founded in 2012 and is based in Lenoir City, Tennessee. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2016 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Resurgens Technology Partners is a private equity firm focused on acquiring software and technology-enabled service companies. The Firm targets businesses with $5 to $30 million of recurring revenue and will consider opportunities throughout North America. Specific areas of interest include enterprise software, information services, and analytics. Resurgens has a preference for founder-owned companies with potential for market leadership. Resurgens Technology Partners was established in 2016 and is headquartered in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Information Technology) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-07 |
AgencyBloc
Cedar Falls, Iowa, United States AgencyBloc is an agency management software system that helps life and health insurance agencies grow their business with an industry-specific CRM, commissions processing, and integrated business and marketing automation. AgencyBloc was founded in 2008 and is based in Cedar Falls, lowa. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-10 |
Superna
Kanata, Ontario, Canada Superna is a provider of solutions that help corporations protect, manage, and secure their unstructured data. The company supports over 2,700 customers spanning a broad array of industries who depend on its simple and easy-to-use products to protect and secure billions of files stored on scale-out network-attached storage systems. Superna was founded in 2003 and is based in Ottawa, Ontario. |
Buy | - |
