M&A Deal Summary

Great Hill Partners Acquires Vanco

On February 10, 2012, private equity firm Great Hill Partners acquired financial services company Vanco for 80M USD

Acquisition Highlights
  • This is Great Hill Partners’ 3rd transaction in the Financial Services sector.
  • This is Great Hill Partners’ 8th largest (disclosed) transaction.
  • This is Great Hill Partners’ 35th transaction in the United States.
  • This is Great Hill Partners’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2012-02-10
Target Vanco
Sector Financial Services
Buyer(s) Great Hill Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 80M USD
Advisor(s) SunTrust Robinson Humphrey, Inc. (Financial)

Target

Vanco

Bloomington, Minnesota, United States
Vanco is a provider of credit card, debit card and ACH processing solutions primarily to small- and medium-sized businesses. Vanco operates a channel-driven strategy targeting community banks, trade associations and affinity partners. Vanco was founded in 2006 and is based in Bloomington, Minnesota.

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Buyer(S) 1

Buyer

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 41 of 98
Sector (Financial Services) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 18 of 26
State (Minnesota) 2 of 3
Country (United States) 35 of 82
Year (2012) 1 of 5
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-28 SterilMed

Maple Grove, Minnesota, United States

SterilMed, Inc. provides reprocessing, repair, and refurbishment of medical devices, equipment, and instruments. It repairs and sells medical equipment, including flexible endoscope systems, rigid endoscope systems, camera and video tower systems, power equipment, and surgical instrumentation.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-06 Legacy.com

Chicago, Illinois, United States

Legacy.com is a commercial facilitator of online memorials. Legacy powers sympathy e-commerce solutions (e.g., flowers, cards, trees) as well as obituary publishing via its website, funeral home partners and digital news / media channels. Legacy.com was founded in 1998 and is based in Chicago, Illinois.

Buy -
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