M&A Deal Summary

insightsoftware Acquires Global Software

On June 14, 2018, insightsoftware acquired software company Global Software from Thompson Street Capital Partners and Apogem Capital

Acquisition Highlights
  • This is insightsoftware’s 2nd transaction in the Software sector.
  • This is insightsoftware’s 1st transaction in the United States.
  • This is insightsoftware’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2018-06-14
Target Global Software
Sector Software
Buyer(s) insightsoftware
Sellers(s) Thompson Street Capital Partners
Apogem Capital
Deal Type Add-on Acquisition

Target

Global Software

Raleigh, North Carolina, United States
Global Software, Inc. is a provider of Microsoft Excel-based automation and reporting software solutions, including its flagship product Spreadsheet Server. Spreadsheet Server enables users to access operational and financial data across multiple platforms from within an Excel spreadsheet in order to produce dynamic reports with powerful drill-down capabilities. The Company’s core software offerings integrate with more than 60 leading enterprise resource planning platforms and automate data analytic processes for business and financial professionals. Global Software supports more than 2,500 customers and 50,000 users across more than 50 countries in enterprises ranging from small businesses to Fortune 500 firms.

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Buyer(S) 1

Buyer

insightsoftware

Raleigh, North Carolina, United States
Category Company
Founded 1993
Sector Software
DESCRIPTION

insightsoftware is a provider of financial reporting and enterprise performance management (EPM) software, enabling the ‘Office of the CFO’ to connect to and make sense of enterprise data in real time so they can proactively drive greater financial intelligence. The company helps companies turn their financial & operational data into better business outcomes that drive growth and ROI through their innovative, turn-key reporting and performance management solutions. insightsoftware was founded in 1993 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 2 of 21
Sector (Software) 2 of 16
Type (Add-on Acquisition) 2 of 21
State (North Carolina) 1 of 2
Country (United States) 1 of 9
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Antivia Group

Leeds, United Kingdom

Antivia Group Ltd. is a business intelligence (BI) software company and developer of the fast dashboard and information application creation solution, DecisionPoint™.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Excel4apps FZ

Dubai, United Arab Emirates

Excel4apps FZ LLC is a provider of Microsoft Excel-based reporting and data-loading software for use with SAP, Oracle, PeopleSoft, and FinancialForce. Excel4apps FZ LLC was founded in 2005 and is based in Dubai, United Arab Emirates.

Buy -

Seller(S) 2

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 25 of 47
Sector (Software) 3 of 8
Type (Add-on Acquisition) 12 of 24
State (North Carolina) 1 of 1
Country (United States) 25 of 47
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 TransnetYX

Cordova, Tennessee, United States

TransnetYX is a fully automated genotyping system for detecting transgenic, knockout, knockin, SNP and CRISPR mutations in animal research models. TransnetYX was founded in 2000 and is based in Cordova, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Firma Clinical Research

Chicago, Illinois, United States

Firma Clinical Research is a contract research organization (CRO), providing outsourced product development services to pharmaceutical, biotechnology, and medical device companies. Firma Clinical Research provides outsourced services including preclinical assessment, clinical development, clinical pharmacology, translational medicine, medical writing, and regulatory submission and lifecycle management in support of global pharmaceutical, biotechnology, and medical device companies. Firma Clinical Research was founded in 2013 and is based in Chicago, Illinois.

Sell -
SELLER

Apogem Capital

Chicago, Illinois, United States
Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.

DEAL STATS #
Overall 31 of 52
Sector (Software) 3 of 4
Type (Add-on Acquisition) 13 of 21
State (North Carolina) 1 of 2
Country (United States) 31 of 52
Year (2018) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-11 FTJ FundChoice

Hebron, Kentucky, United States

FTJ FundChoice is an SEC Registered Investment Advisor, provides advisors access to independent asset allocation strategies and model trading functionality. FTJ FundChoice assists advisors in simplifying their business by absorbing back office tasks, such as trade reconciliation, account administration, fee billing, and performance reporting, allowing the advisor to spend more time on client relationship-building activities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-30 National Auto Care

Westerville, Ohio, United States

National Auto Care is a provider of F&I products, administration, consulting services, training and marketing support to independent agents, insurance companies, financial institutions, third-party administrators, and credit unions. National Auto Care focuses on increasing agent and dealer profitability by providing unique F&I products in protected markets. National Auto Care was recently named a Top Workplace in Central Ohio for the third year running and was honored with a 2018 Dealer’s Choice Platinum Award for F&I Products. NAC was founded in 1984 and is based in Westerville, Ohio.

Buy -
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