M&A Deal Summary

Flexpoint Ford Acquires YPrime

On February 5, 2019, private equity firm Flexpoint Ford acquired software company YPrime from Topmark Partners, Pleasant Bay Capital Partners and Ballast Point Ventures

Acquisition Highlights
  • This is Flexpoint Ford’s 2nd transaction in the Software sector.
  • This is Flexpoint Ford’s 35th transaction in the United States.
  • This is Flexpoint Ford’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2019-02-05
Target YPrime
Sector Software
Buyer(s) Flexpoint Ford
Sellers(s) Topmark Partners
Pleasant Bay Capital Partners
Ballast Point Ventures
Deal Type Secondary Buyout
Advisor(s) Hill Ward Henderson (Legal)

Target

YPrime

Malvern, Pennsylvania, United States
YPrime provides software solutions and consulting services that enable efficient and collaborative clinical trial data collection and information management for biopharmaceutical companies and contract research organizations. YPrime's eClinical suite includes electronic clinical outcome assessments (eCOA), interactive response technology (IRT), and eClinical consulting and integration services. YPrime’s eCOA and IRT solutions are fully supported by experienced project management teams and combine configurability with customizable functionality to meet global clinical trial requirements. YPrime was founded in 2006 and is based in Malvern, Pennsylvania.

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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 37 of 54
Sector (Software) 2 of 3
Type (Secondary Buyout) 8 of 13
State (Pennsylvania) 4 of 5
Country (United States) 35 of 48
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Lime Light CRM

San Francisco, California, United States

Lime Light CRM, Inc. operates an electronic transaction gateway (i.e., data interchange) for transacting customer payments made to merchants via cards (credit cards, debit cards, prepaid cards, PayPal transactions, ACH, etc.). The Company focuses specifically on e-commerce payments made via mobile devices. Lime Light CRM was formed in 2008 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-04 MGA Homecare

Scottsdale, Arizona, United States

MGA Homecare is a provider of home healthcare and other Home and Community-Based Services (HCBS) with operations in Arizona, Colorado and Texas. The Company provides a vast array of home nursing services, including skilled care, rehabilitation (physical therapy, speech therapy, and occupational therapy) and home health aide services. MGA Homecare was formed in 1992 and is based in Scottsdale, Arizona.

Buy -

Seller(S) 3

SELLER

Topmark Partners

Investor Investor Investor

Category Growth Capital Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Topmark Partners (formerly Stonehenge Growth Equity Partners) is a growth capital investment firm focused on investing in technology-enabled service businesses in the Southeast US. The Firm looks to commit $1 to $5 million in profitable companies with at least $3 million of revenue. Topmark Partners is headquartered in Tampa, Florida.

DEAL STATS #
Overall 13 of 13
Sector (Software) 2 of 2
Type (Secondary Buyout) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 13 of 13
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Alinean

Winter Park, Florida, United States

Alinean, Inc. is a provider of a cloud based on-demand sales tools and related services for B2B vendors. Alinean was founded in 2001 and is based in Winter Park, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 CEIPAL

Rochester, New York, United States

CEIPAL is an AI-powered SaaS platform that provides full-lifecycle management of the talent acquisition process. CEIPAL was founded in 2015 and is based in Rochester, New York.

Buy -
SELLER

Pleasant Bay Capital Partners

Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Pleasant Bay Capital Partners is a merchant bank focused on investments in profitable, lower middle-market companies in the healthcare, technology, business services, consumer, and industrial products/services sectors. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, shareholder liquidity needs, and buyouts. Pleasant Bay Capital Partners was established in 2012 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 6 of 9
Sector (Software) 2 of 2
Type (Secondary Buyout) 3 of 4
State (Pennsylvania) 2 of 2
Country (United States) 6 of 9
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Damac Products

La Mirada, California, United States

Damac Products, Inc. is a manufacturer of custom data center infrastructure equipment. Damac's data center infrastructure products include server cabinets, wall mount racks, seismic and thermal management products, power distribution equipment, and cable runway systems. Damac product line includes more than 2,500 items engineered to the most exacting specifications. Damac Products was founded in 1984 and is based in La Mirada, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Memorial MRI and Diagnostic

Houston, Texas, United States

Memorial MRI & Diagnostic is a provider of outpatient diagnostic imaging services in the Houston market. It is a provider of diagnostic imaging services including MRI, CT or CAT scan, nuclear medicine, ultrasound, digital X-ray, digital mammography, dual energy X-ray or DEXA, pain management and other radiology services. Memorial MRI and Diagnostic is based in Houston, Texas.

Sell -
SELLER

Ballast Point Ventures

Tampa, Florida, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ballast Point Ventures is a private investment firm that targets growth businesses located in the South US. Ballast Point looks to commit $1 to $5 million of equity capital per transaction and looks for businesses in markets with annual revenues of at least $100 million. Sectors of interest include healthcare, information technology (IT), financial services, communications, business services, and consumer products/services. Ballast Point Ventures was formed in 2001 and is based in St. Petersburg, Florida.

DEAL STATS #
Overall 29 of 32
Sector (Software) 2 of 3
Type (Secondary Buyout) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 29 of 32
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-25 PowerDMS

Orlando, Florida, United States

PowerDMS, Inc. is a cloud-based policy management software company. The application provides practical tools to organize and manage critical content and industry standards, train, and test employees, and uphold proof of compliance, thereby helping organizations reduce risk and liability. The company simplifies document management through powerful collaboration, process, and automation. PowerDMS was formed in 2001 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 MolecularMD

Portland, Oregon, United States

MolecularMD company specializing in clinical development and commercialization of state-of-the-art assays to measure patient response and resistance to targeted cancer therapies. The company serves pharmaceutical and biotech drug developers. MolecularMD was founded in 2005 and is based in Portland, Oregon.

Sell -
Mergr

Product

Company

Legal