1. Home >
  2. M&A >
  3. Buyout (LBO, MBO, MBI) >
  4. Canada >
  5. Ontario >
  6. JMI Equity Acquires Changepoint

M&A Deal Summary

JMI Equity Acquires Changepoint

On October 18, 1999, private equity firm JMI Equity acquired software company Changepoint

Acquisition Highlights
  • This is JMI Equity’s 8th transaction in the Software sector.
  • This is JMI Equity’s 1st transaction in Canada.
  • This is JMI Equity’s 1st transaction in Ontario.
Investment Fate
  • Changepoint was sold to a publicly-traded strategic buyer in 2004 for 100M USD.
  • Changepoint was divested to a consortium of buyers in 2014.
  • Changepoint was sold to a strategic buyer in 2021.

M&A Deal Summary
Date 1999-10-18
Target Changepoint
Sector Software
Buyer(s) JMI Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Changepoint

Richmond Hill, Ontario, Canada
Changepoint Corp. is a provider of comprehensive Web-based business process automation solutions for corporate IT departments and IT professional services organizations to manage projects, people and budgets effectively. IT services organizations use Changepoint to automate their internal business processes, source and procure valued resources, manage contractors and collaborate with customers and partners. Changepoint was founded in 1992 and is based in Richmond Hill, Ontario.

Search 215,074 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

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 10 of 130
Sector: Software M&A 8 of 55
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 23
State: Ontario M&A 1 of 8
Country: Canada M&A 1 of 12
Year: 1999 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-01 Mitchell

San Diego, California, United States

Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Managed Object Solutions

Waltham, Massachusetts, United States

Managed Object Solutions, Inc. is a developer of the Formula Java-compliant network/systems-integration technology.

Buy -
Mergr

Solution for

Product

Company

Legal