Recapitalization • Internet Software and Services

Francisco Partners Acquires eSolutions

On January 12, 2015, private equity firm Francisco Partners acquired internet software and services company eSolutions from WestView Capital Partners

Acquisition Context
  • This is Francisco Partners’ 5th transaction in the Internet Software and Services sector.
  • This is Francisco Partners’ 55th transaction in the United States.
  • This is Francisco Partners’ 1st transaction in Kansas.
Investment Fate
  • eSolutions was sold to a strategic buyer in 2020.

Explore All 51 Recapitalization Internet Software and Services Deals - Search the Database Free


M&A Deal Summary

Date January 12, 2015
Target eSolutions
Sector Internet Software and Services
Buyer(s) Francisco Partners
Sellers(s) WestView Capital Partners
Deal Type Recapitalization
Advisor(s) Triple Tree (Financial)

Target Company

eSolutions

Olathe, Kansas, United States
eSolutions, Inc. is a provider of revenue cycle management software-as-a-service (“SaaS”). The Company’s products assist healthcare providers in automating and enhancing workflow with regard to claims review, editing, and denials/appeals management, as well as eligibility verification and payor connectivity. The Company’s client base is comprised of over 1,100 hospitals, home health and hospice providers, skilled nursing facilities, and durable medical equipment providers.
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Buyer Overview 1

Buyer

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


Deal Context for Buyer #
Overall 68 of 160
Sector: Internet Software and Services 5 of 31
Type: Recapitalization 2 of 2
State: Kansas 1 of 1
Country: United States 55 of 134
Year: 2015 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 R2net

New York, New York, United States

R2Net is a provider of complete bespoke solutions to transition brick and mortar jewelry stores into thriving e-commerce retailers. From development to inventory , company provide with all the necessary tools to lower costs and increase revenue.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 Specific Media

Irvine, California, United States

Specific Media is the independent online advertising network, using targeting technologies that enable top corporations to reach specific target audiences on the Web.

Sell -

Seller Profile 1

SELLER

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 12 of 35
Sector: Internet Software and Services 2 of 2
Type: Recapitalization 1 of 1
State: Kansas 1 of 1
Country: United States 12 of 35
Year: 2015 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 Mintz Group

New York, New York, United States

Mintz Group provides investigative and fact-gathering services that range from enhanced background checks for senior executive hires, to due diligence on parties in proxy fights, to supporting complex litigation cases. Mintz Group investigators conduct thousands of matters each year, giving their clients the facts they need to make sound business decisions. Founded in 1994 and headquartered in New York City, Mintz Group has 15 offices across eight time zones: New York, San Francisco, Washington, D.C., Chicago, Miami, London, Toronto, Montreal, Sao Paolo, Dubai, Nairobi, Hong Kong, Beijing, Singapore, and Mumbai.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-20 Northwest Plan Services

Seattle, Washington, United States

Northwest Plan Services, Inc. is an independent recordkeeper and administrator of retirement plans. The Company provides a comprehensive suite of services for 401(k), profit sharing, defined contribution plans, defined benefit pension plans, and other plan types. In addition to recordkeeping, administration, compliance and participant services, the Company provides consulting, employee communication and actuarial services to a client base ranging from small to medium-sized companies having 50 to 500 employees to large, S&P 500 clients with tens of thousands of employees. Northwest Plan Services was formed in 1994 and is based in Seattle, Washington.

Buy -