Buyout (LBO, MBO, MBI) • Software

LoneTree Capital Acquires DocuPhase

On June 15, 2020, private equity firm LoneTree Capital acquired software company DocuPhase

Acquisition Context
  • This is LoneTree Capital’s 1st transaction in the Software sector.
  • This is LoneTree Capital’s 2nd transaction in the United States.
  • This is LoneTree Capital’s 1st transaction in Florida.
Investment Fate
  • DocuPhase was sold to a consortium of financial buyers in 2024.

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M&A Deal Summary

Date June 15, 2020
Target DocuPhase
Sector Software
Buyer(s) LoneTree Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Evolve Capital Partners (Financial)

Target Company

DocuPhase

Clearwater, Florida, United States
DocuPhase is a SaaS business that provides market-leading enterprise automation platform solutions that improve the efficiency of enterprise operations. DocuPhase was founded in 2000 and is based in Clearwater, Florida.
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Buyer Overview 1

DESCRIPTION

LoneTree is a growth-focused private capital firm that provides operational and M&A support alongside flexible capital to accelerate revenue growth. The Firm looks to commit $10 to $75 million in business generating $5 to $30 million in revenue. LoneTree Capital's areas of interest include software, digital infrastructure, healthcare IT services, business, and consumer services, and financial technology/specialty finance. LoneTree Capital was founded in 2021 and is based in New York City.


Deal Context for Buyer #
Overall 2 of 10
Sector: Software 1 of 4
Type: Buyout (LBO, MBO, MBI) 2 of 2
State: Florida 1 of 1
Country: United States 2 of 10
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-25 TransACT Communications

Lynnwood, Washington, United States

TransACT Communications is a cloud-based digital information and solutions provider to the K12 education industry. TransACT Communications through its full suite of solutions, provides a comprehensive single source for K12 administrators and organizations to quickly and easily ensure compliance with complex government-mandated rules and regulations. TransACT Communications was founded in 1994 and is based in Lynnwood, Washington.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Education Advanced

Tyler, Texas, United States

Education Advanced is a provider of operations management and workflow solutions for K-12 school districts that enable educators to be more efficient, allowing them to dedicate more of their time and resources to exceeding student needs. EAI’s product offering includes Cardonex, TestHound, and BuildYourOwnCurriculum. Education Advanced was founded in 2007 and is based in Tyler, Texas.

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