M&A Deal Summary

Flexpoint Ford Acquires Baker Hill

On June 21, 2023, private equity firm Flexpoint Ford acquired software company Baker Hill from The Riverside Company and Triangle Capital

Acquisition Highlights
  • This is Flexpoint Ford’s 3rd transaction in the Software sector.
  • This is Flexpoint Ford’s 45th transaction in the United States.
  • This is Flexpoint Ford’s 1st transaction in Indiana.

M&A Deal Summary
Date 2023-06-21
Target Baker Hill
Sector Software
Buyer(s) Flexpoint Ford
Sellers(s) The Riverside Company
Triangle Capital
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking
Leonis Partners (Financial)
Jones Day (Legal)

Target

Baker Hill

Carmel, Indiana, United States
Baker Hill is a provider of cloud-based, end-to-end loan origination, risk management, and analytics software that supports loan origination and loan portfolio management. Baker Hill was formed in 1983 and is based in Carmel, Indiana.

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Buyer(S) 1

Buyer

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 50 of 54
Sector (Software) 3 of 3
Type (Secondary Buyout) 12 of 13
State (Indiana) 1 of 1
Country (United States) 45 of 48
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 SageSure

Jersey City, New Jersey, United States

SageSure is an independent managing general underwriter focused on providing catastrophe-exposed property insurance. The Company specializes in underwriting coastal residential and commercial property insurance in areas prone to natural disaster through its online quoting and binding platform that uses proprietary risk modeling and scoring technology. SageSure distributes its products through independent agents and blue-chip brokers on behalf of multiple highly rated carriers. The Company was founded in 2006 and is headquartered in Jersey City, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 Parkview Health Services

Buffalo, New York, United States

Parkview Health Services is a pharmacy service provider. The company's products and services to long-term care agencies, which include assisted living facilities, developmentally disabled residences, chemical dependency rehabilitation facilities, group homes, and mental health clinics. Parkview Health Services was founded in 1985 and is based in Buffalo, New York.

Buy -

Seller(S) 2

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 188 of 191
Sector (Software) 12 of 13
Type (Secondary Buyout) 75 of 77
State (Indiana) 4 of 4
Country (United States) 133 of 133
Year (2023) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Modern Hire

Cleveland, Ohio, United States

Modern Hire is an intelligent hiring platform that transforms each step of the process with screening, assessment, interview and workflow automation tools that make hiring more effective, efficient, ethical and engaging. Modern Hire is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Energy Exemplar

Adelaide, Australia

Energy Exemplar is a developer and marketer of the PLEXOS and Aurora suite of energy market simulation and modeling software. PLEXOS is used across every region of the world for a wide range of applications, from short-term analysis to long-term planning studies. Energy Exemplar was formed in 1999 and is based in Adelaide, Australia.

Sell -
SELLER

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 71 of 71
Sector (Software) 2 of 2
Type (Secondary Buyout) 28 of 28
State (Indiana) 1 of 1
Country (United States) 70 of 70
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 PCX Aerostructures

Newington, Connecticut, United States

PCX Aerostructures is a manufacturer of flight-critical and other essential components for rotorcraft and fixed-wing aerospace platforms serving military and commercial markets. PCX Aerostructures is based in Newington, Connecticut.

Sell -
Mergr

Product

Company

Legal