Investment Summary

Helios Capital and Lewis Hollingsworth Exits BillMatrix

On December 8, 2003, private equity firm Great Hill Partners invested in internet software and services company BillMatrix from Helios Capital and Lewis Hollingsworth

Investment Highlights
  • This is Great Hill Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Great Hill Partners’ 11th transaction in the United States.
  • This is Great Hill Partners’ 1st transaction in Texas.
Investment Fate
  • BillMatrix was sold to a publicly-traded strategic buyer in 2005 for 355M USD.

Investment Summary

Date 2003-12-08
Target BillMatrix
Sector Internet Software and Services
Investor(s) Great Hill Partners
Sellers(s) Helios Capital
Lewis Hollingsworth
Deal Type Secondary Buyout

Target

BillMatrix

Dallas, Texas, United States
BillMatrix Corp. is a provider of outsourced electronic bill payment services. BillMatrix provides comprehensive electronic bill payment solutions and services over the telephone and internet. It provides a business-to-business service, which allows businesses to offer consumers of their products and services the ability to securely and efficiently pay recurring bills, such as monthly cellular, utility, and insurance bills.

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Investor(S) 1

Investor

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 12 of 98
Sector: Internet Software and Services M&A 1 of 32
Type: Secondary Buyout M&A Deals 1 of 15
State: Texas M&A 1 of 5
Country: United States M&A 11 of 82
Year: 2003 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-31 Global Tower Partners

Boca Raton, Florida, United States

Global Tower operates wireless communication towers.Global Tower Management, LLC (d/b/a Global Tower Partners, "GTP") is a leading operator of communications towers and related wireless infrastructure. Including the acquisition of Dobson Communication's tower assets, the company owns approximately 1,125 towers and manages over 3,000 rooftop sites.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-16 Central Security Group

Tulsa, Oklahoma, United States

Central Security Group is a Full service provider of security alarm monitoring services for primarily residential customers. Central Security Group was founded in 1999 and is based in Tulsa, Oklahoma.

Buy -

Seller(S) 2

SELLER

Helios Capital

Dallas, Texas, United States

Investor


Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Helios Capital is a Dallas based private investment firm that targets middle-market company investments with revenues greater than $25 million. Areas of interest include business and financial services, consumer products and services, technology, media, healthcare, and industrial. Helios will invest up to $75 million of equity per transaction in companies valued up to $500 million. Prospective transaction types include management Buyouts, divestitures, operator buy-ins, owner recapitalizations, family successions, growth capital infusions, special situations/turnarounds, and public-to-private transactions. Helios Capital is based in Dallas, Texas.


DEAL STATS #
Overall 6 of 9
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Texas M&A 4 of 5
Country: United States M&A 6 of 9
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Trycos Software

Addison, Texas, United States

Trycos Software: developed and sold integration software products that allowed manufacturing and distribution firms to enable their Enterprise Resource Planning Management Systems (?ERP?) for eCommerce.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-01 Hammerman & Gainer

Lutcher, Louisiana, United States

Hammerman & Gainer (H&G) is a third party administrator (TPA) providing workers? compensation claims administration for insurance companies and self-insured clients. H&G also provides risk management consulting, investigation, and multi-line insurance adjusting.

Buy -
SELLER

Lewis Hollingsworth

Dallas, Texas, United States

Category Private Equity Firm
Founded 1987
Size Small
Type Sector Agnostic
DESCRIPTION

Lewis Hollingsworth is an investment firm that targets traditional private equity investments primarily in growth-oriented manufacturing companies. Typical transaction types include growth capital financings, recapitalizations, industry consolidations, and leveraged buyouts. Lewis Hollingsworth was formed in 1987 and is based in Dallas, Texas. Lewis Hollingsworth L.P. is out of business.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-07 BillMatrix

Dallas, Texas, United States

BillMatrix Corp. is a provider of outsourced electronic bill payment services. BillMatrix provides comprehensive electronic bill payment solutions and services over the telephone and internet. It provides a business-to-business service, which allows businesses to offer consumers of their products and services the ability to securely and efficiently pay recurring bills, such as monthly cellular, utility, and insurance bills.

Buy -