M&A Deal Summary

Leonard Green & Partners Acquires ECI Software Solutions

On November 19, 2020, private equity firm Leonard Green & Partners acquired software company ECI Software Solutions from Apax

Acquisition Highlights
  • This is Leonard Green & Partners’ 2nd transaction in the Software sector.
  • This is Leonard Green & Partners’ 80th transaction in the United States.
  • This is Leonard Green & Partners’ 12th transaction in Texas.

M&A Deal Summary
Date 2020-11-19
Target ECI Software Solutions
Sector Software
Buyer(s) Leonard Green & Partners
Sellers(s) Apax
Deal Type Secondary Buyout
Advisor(s) Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

ECI Software Solutions

Fort Worth, Texas, United States
ECI Software Solutions is a provider of industry-specific business software solutions and services, focusing on cloud-based technologies. ECI has served small to medium-sized manufacturing, wholesale/retail distribution, building and construction, and field service organizations. ECI Software Solutions was founded in 1998 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.

DEAL STATS #
Overall 85 of 102
Sector (Software) 2 of 3
Type (Secondary Buyout) 35 of 47
State (Texas) 12 of 16
Country (United States) 80 of 94
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Service Logic

Charlotte, North Carolina, United States

Service Logic is an independent provider of aftermarket maintenance, repair, and replacement services for commercial HVAC equipment, chilled water systems, and building automation and control systems. Service Logic was formed in 1945 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Mindpath Health

Sacramento, California, United States

Mindpath Health is a behavioral health practice management company supporting over 40 affiliated psychiatrists practicing in San Joaquin and Bay Areas. Mindpath Health was founded in 1995 and is based in Sacramento, California.

Buy -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 145 of 172
Sector (Software) 15 of 15
Type (Secondary Buyout) 52 of 61
State (Texas) 9 of 9
Country (United States) 54 of 64
Year (2020) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Genius Sports

London, United Kingdom

Genius Sports is a provider of sophisticated data-driven software solutions to global sports betting, lottery companies, and sports associations across the world. Its commitment to sport goes beyond delivering profitable and technical solutions for its partners. Genius Sports understands that the protection, integrity, and successful commercialization of official sports data is fundamental to the continued success of the industry. Genius Sports Group was founded in 2001 and is based in London, the United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 Azentio

Singapore, Singapore

Azentio provides core software to BFSI customers and ERP solutions to SMB enterprises primarily across Middle East and Africa, Asia Pacific, and India. The company's flagship products include Premia Astra (Core Insurance Solution), Kastle (Universal Banking Solution), AMLOCK (Financial Crime Detection and Management Solution), MFund Plus (Wealth & Asset Management Solution), and Orion (Enterprise Resource Planning Solution). Azentio was formed in 2020 and is based in Singapore.

Buy Rs10.0B
Mergr

Product

Company

Legal