M&A Deal Summary

Levine Leichtman Capital Partners Acquires BigHand

On August 28, 2020, mezzanine finance firm Levine Leichtman Capital Partners acquired software company BigHand from Bridgepoint

Acquisition Highlights
  • This is Levine Leichtman Capital Partners’ 1st transaction in the Software sector.
  • This is Levine Leichtman Capital Partners’ 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-08-28
Target BigHand
Sector Software
Buyer(s) Levine Leichtman Capital Partners
Sellers(s) Bridgepoint
Deal Type Secondary Buyout

Target

BigHand

London, United Kingdom
BigHand provides the workflow software, including integrated speech recognition technology, that makes the creation, distribution and processing of voice files more efficient and secure. BigHand was founded in 1995 and is based in London, United Kingdom.

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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 69 of 88
Sector (Software) 1 of 1
Type (Secondary Buyout) 24 of 33
Country (United Kingdom) 6 of 9
Year (2020) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 Skill Dynamics

Reading, United Kingdom

Skill Dynamics is a provider of e-learning academies for blue-chip corporations worldwide. Skill Dynamics has changed the way their clients train their procurement, supply chain, and sales professionals by providing role-specific curriculum and the latest e-learning methods, resulting in maximum impact for employees and organizations. Skill Dynamics was founded in 2011 and is based in Reading, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 Tropical Smoothie Cafe

Atlanta, Georgia, United States

Tropical Smoothie Cafe is a franchisor of fast-casual cafes with over 1,400 locations in 44 states. It serves smoothies, wraps, sandwiches, and flatbreads across multiple dayparts. Tropical Smoothie Cafe was founded in 1997 and is headquartered in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 88 of 109
Sector (Software) 2 of 3
Type (Secondary Buyout) 52 of 65
Country (United Kingdom) 42 of 50
Year (2020) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-17 Rovensa

Lisbon, Portugal

Rovensa is involved in the agriculture industry focused on exploiting pyrite mines, which were a key ingredient in producing fertilizers. Throughout the years, it has progressively expanded its production to other agricultural solutions and geographies. Rovensa was formed in 1926 and is based in Lisbon, Portugal.

Sell €1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 Miya

Madrid, Spain

Miya is a global efficiency-oriented water operator with vast experience and a full range offering for water utilities including water efficiency, commercial management, and water treatment. Miya was formed in 2008 and s based in Madrid, Spain.

Sell -