M&A Deal Summary

defi SOLUTIONS Acquires Sagent Lending Technologies

On August 6, 2019, defi SOLUTIONS acquired software company Sagent Lending Technologies from Warburg Pincus

Acquisition Highlights
  • This is defi SOLUTIONS’s 2nd transaction in the Software sector.
  • This is defi SOLUTIONS’s 2nd transaction in the United States.
  • This is defi SOLUTIONS’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2019-08-06
Target Sagent Lending Technologies
Sector Software
Buyer(s) defi SOLUTIONS
Sellers(s) Warburg Pincus
Deal Type Merger

Target

Sagent Lending Technologies

King of Prussia, Pennsylvania, United States
Sagent Lending Technologies provides regional banks, credit unions, start-ups, and sub-servicers with the software they need to succeed. Sagent Lending Technologies is based in King of Prussia, Pennsylvania.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

defi SOLUTIONS

Grapevine, Texas, United States

Category Company
Founded 2012
Sector Software
DESCRIPTION

defi SOLUTIONS, Inc. is a provider of leading-edge, browser-based loan origination system (LOS) that is completely configurable by lenders. defi system allows auto lenders to manage the application lifecycle from a single, highly flexible platform. defi SOLUTIONS, Inc. was founded in 2012 and is based in Grapevine, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-15 OpenRule Systems

Grapevine, Texas, United States

OpenRule Systems, Inc. is a provider of business application process management control systems.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 188 of 263
Sector: Software M&A 14 of 23
Type: Merger M&A Deals 8 of 13
State: Pennsylvania M&A 6 of 6
Country: United States M&A 109 of 148
Year: 2019 M&A 16 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 WildFire Energy

Houston, Texas, United States

WildFire Energy is an independent energy company focused on the acquisition, exploitation, and production of oil and natural gas properties in the US through the application of modern technology and production optimization. WildFire Energy was founded in 2019 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Encora

Scottsdale, Arizona, United States

Encora is a global digital engineering services company specializing in software product development services for fast-growing enterprises and digitally native companies whose market position and growth are driven by proprietary software products. Encora is based in Scottsdale, Arizona.

Buy -