Investment Summary

Hellman & Friedman and JMI Equity Invest In Blackbaud

On January 1, 1999, private equity firms Hellman & Friedman and JMI Equity invested in software company Blackbaud

Investment Highlights
  • This is Hellman & Friedman’s 1st and JMI Equity’s 6th transaction in the Software sector.
  • This is Hellman & Friedman’s 5th and JMI Equity’s 7th transaction in the United States.
  • This is Hellman & Friedman’s 1st and JMI Equity’s 1st transaction in South Carolina.
Investment Fate
  • Blackbaud went public in 2004.

Investment Summary

Date 1999-01-01
Target Blackbaud
Sector Software
Investor(s) Hellman & Friedman
JMI Equity
Deal Type Stake Purchase

Target

Blackbaud

Charleston, South Carolina, United States
Entrance to Blackbaud's corporate headquarters in Charleston, South Carolina.
Entrance to Blackbaud's corporate headquarters in Charleston, South Carolina.
Blackbaud is a provider of nonprofit software and services. Blackbaud offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including: fundraising, eMarketing, advocacy, constituent relationship management (CRM), financial management, payment solutions, analytics, education solutions, and vertical-specific solutions. Blackbaud was incorporated in 1981 and is based in Charleston, South Carolina.

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Investor(S) 2

Investor

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 115.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 6 of 90
Sector: Software M&A 1 of 12
Type: Stake Purchase M&A Deals 3 of 13
State: South Carolina M&A 1 of 1
Country: United States M&A 5 of 62
Year: 1999 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Digitas

Atlanta, Georgia, United States

Digitas provides relationship-marketing services, including customer segmentation, database marketing, management of customer contact interactions, and interactive marketing to such companies as American Express, AT&T, Federal Express, General Motors, Dell Computer and Charles Schwab. Digitas' integrated approach to providing these marketing services has created strong client relationships and provided Digitas with a superior competitive position.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-01 Western Wireless

Issaquah, Washington, United States

Western Wireless Corporation is a cellular network operator that provided mobile telecommunications service to subscribers in 19 western states and seven countries.

Sell -
Investor

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 7 of 130
Sector: Software M&A 6 of 55
Type: Stake Purchase M&A Deals 2 of 4
State: South Carolina M&A 1 of 1
Country: United States M&A 7 of 114
Year: 1999 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Unica

Waltham, Massachusetts, United States

Unica Corp. is a provider of enterprise marketing software that helps users predict consumer behavior and execute effective marketing programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-03 Expert Software

Coral Gables, Florida, United States

Expert Software, Inc. is a publisher of high-quality, value-priced consumer software that addresses a broad range of consumer interests and everyday tasks. Expert Software sells over 50 products in the productivity, lifestyle, small office/home office and entertainment market categories.

Sell -