M&A Deal Summary

Levine Leichtman Capital Partners Acquires Agdata

On October 4, 2022, mezzanine finance firm Levine Leichtman Capital Partners acquired information services company Agdata from Vista Equity Partners

Acquisition Highlights
  • This is Levine Leichtman Capital Partners’ 1st transaction in the Information Services sector.
  • This is Levine Leichtman Capital Partners’ 66th transaction in the United States.
  • This is Levine Leichtman Capital Partners’ 3rd transaction in North Carolina.

M&A Deal Summary
Date 2022-10-04
Target Agdata
Sector Information Services
Buyer(s) Levine Leichtman Capital Partners
Sellers(s) Vista Equity Partners
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
Kirkland & Ellis (Legal)

Target

Agdata

Charlotte, North Carolina, United States
Agdata is a provider of strategic data and analytical solutions to the world’s largest agricultural, crop protection, and animal health manufacturers. Agdata's solutions allow the input manufacturers and trait providers to analyze complex sales data and trends and develop and maintain marketing and seed rebate programs. Agdata was founded in 1985 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 80 of 88
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 27 of 33
State (North Carolina) 3 of 3
Country (United States) 66 of 71
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 Monte Nido

Miami, Florida, United States

Monte Nido is a provider of treatment for eating disorders and exercise addiction to adults and adolescents. Monte Nido Holdings is based in Miami, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 GL Education

Brentford, United Kingdom

GL Education is an educational multimedia company, publishing innovative, curriculum-based resources for the UK and abroad. It currently supplies more than ninety-five per cent of schools in the UK and exports to more than thirty countries internationally, with a catalogue of over 800 software and hardware products. GL Education was founded in 1980 and is based in Brentford, United Kingdom.

Sell -

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 66 of 70
Sector (Information Services) 2 of 2
Type (Secondary Buyout) 16 of 17
State (North Carolina) 1 of 1
Country (United States) 61 of 65
Year (2022) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Citrix

Fort Lauderdale, Florida, United States

Citrix develops and sells products and services that enable the secure and reliable delivery of applications and data over public, private, or hybrid clouds or networks, to virtually any type of device. The Company markets and licenses its products directly to customers, over the Web, and through systems integrators, or SIs, in addition, to indirectly through value-added resellers, or VARs, value-added distributors, or VADs, original equipment manufacturers, or OEMs and service providers. Citrix was established in 1989 and is based in Ft. Lauderdale, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-12 KnowBe4

Clearwater, Florida, United States

KnowBe4 is a provider of security awareness platform that helps organizations address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. KnowBe4 was founded in 2010 and is based in Clearwater, Florida.

Buy $4.6B
Mergr

Product

Company

Legal