Investment Summary

JMI Equity, Warburg Pincus and Waud Capital Partners Invest In Bloomerang

On September 17, 2020, private equity firms JMI Equity, Warburg Pincus and Waud Capital Partners invested in internet software and services company Bloomerang

Investment Highlights
  • This is JMI Equity’s 36th, Warburg Pincus’ 33rd and Waud Capital Partners’ 3rd transaction in the Internet Software and Services sector.
  • This is JMI Equity’s 95th, Warburg Pincus’ 207th and Waud Capital Partners’ 38th transaction in the United States.
  • This is JMI Equity’s 4th, Warburg Pincus’ 2nd and Waud Capital Partners’ 1st transaction in Indiana.

Investment Summary

Date 2020-09-17
Target Bloomerang
Sector Internet Software and Services
Investor(s) JMI Equity
Warburg Pincus
Waud Capital Partners
Deal Type Growth Capital
Advisor(s) Canaccord Genuity (Financial)

Target

Bloomerang

Indianapolis, Indiana, United States
Bloomerang is a cloud-based donor management software tool designed to help nonprofits reach, engage, and retain the advocates they depend on to achieve their vision for a better world. Bloomerang was formed in 2012 and is based in Indianapolis, Indiana.

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Investor(S) 3

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 $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 109 of 127
Sector (Internet Software and Services) 36 of 41
Type (Growth Capital) 37 of 50
State (Indiana) 4 of 5
Country (United States) 95 of 111
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 CoreHR

Cork, Ireland

CoreHR manages all strategic and transactional HR and Payroll processes with highly intuitive and easy to use solutions that streamline processes, improve operational efficiencies and reduce costs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 ButterflyMX

New York, New York, United States

ButterflyMX is a creator of a smart intercom, and has developed the a secure and convenient building entry platform that tethers cloud-based software to intuitive touchscreen hardware. ButterflyMX's mission is to enable people to open and manage doors from a smartphone.

Buy -
Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 426 of 482
Sector (Internet Software and Services) 33 of 35
Type (Growth Capital) 139 of 158
State (Indiana) 2 of 2
Country (United States) 207 of 237
Year (2020) 11 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Outset Medical

San Jose, California, United States

Outset Medical is a medical technology company pioneering a first-of-its-kind technology to reduce the cost and complexity of dialysis. The Tablo™ Hemodialysis System, FDA cleared for use from the hospital to the home, represents a significant technological advancement that transforms the dialysis experience for patients and operationally simplifies it for providers. Tablo serves as a single enterprise solution that can be utilized across the continuum of care, allowing dialysis to be delivered anytime, anywhere and by anyone. Outset Medical was founded in 2003 and is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-23 GA Foods

St. Petersburg, Florida, United States

GA Foods is a specialized maker of highly specified meals serving the unique needs of healthcare members, seniors, children, the military, and for disaster relief efforts. GA Food's services include meal design, food preparation & packaging, distribution, and integration with payor & provider systems for both home-delivered and congregate customers. These meals often contribute to these populations avoiding costly nursing home stays and hospital readmissions. GA Foods was founded in 1973 and is based in St. Petersburg, Florida.

Buy -
Investor

Waud Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 3.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Waud Capital Partners is a private equity firm that pursues investments in mid-sized manufacturing, distribution and service companies. Waud looks for businesses with proven management, operating in well defined markets, and that demonstrate strong growth potential. The Firm typically invests $75 to $200 million. Specific areas of interest include adhesives, air/water treatment, alarm monitoring, auto components, coatings, consumer products, home healthcare services, hospitals, lighting, litigation support, medical distribution, petroleum distribution, pharmaceuticals, publishing, sealants, specialty hospitals, and tax consultants. Prospective transaction situations include buyouts, recapitalizations and industry consolidations. Waud Capital Partners was established in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 39 of 48
Sector (Internet Software and Services) 3 of 5
Type (Growth Capital) 6 of 7
State (Indiana) 1 of 1
Country (United States) 38 of 47
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Compex

Torrance, California, United States

Compex is a tech-enabled provider of outsourced medical records retrieval and litigation support services nationally. Compex has a track record of providing high-quality service, fast turnaround times and proven scalability to a blue-chip customer base including insurance carriers, third-party administrators, and law firms. Compex was founded in and is based in Torrance, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Career Certified

Greenwood Village, Colorado, United States

Career Certified is a provider of compliance-driven digital education technology and content solutions necessary for career professionals seeking to pursue or advance their employment in regulated job markets. Career Certified was formed in 2005 and is based in Greenwood Village, Colorado.

Buy -