M&A Deal Summary

Motive Partners and Clearlake Capital Acquire InvestCloud

On February 2, 2021, private equity firms Motive Partners and Clearlake Capital acquired internet software and services company InvestCloud from FTV Capital and Kern Whelan Capital

Acquisition Highlights
  • This is Motive Partners’ 1st and Clearlake Capital’s 11th transaction in the Internet Software and Services sector.
  • This is Motive Partners’ 4th and Clearlake Capital’s 64th transaction in the United States.
  • This is Motive Partners’ 2nd and Clearlake Capital’s 10th transaction in California.

M&A Deal Summary
Date 2021-02-02
Target InvestCloud
Sector Internet Software and Services
Buyer(s) Motive Partners
Clearlake Capital
Sellers(s) FTV Capital
Kern Whelan Capital
Deal Type Secondary Buyout

Target

InvestCloud

West Hollywood, California, United States
InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. The company offers on-demand client experiences and intuitive operations solutions using an ever-expanding library of modular apps, resulting in powerful products. InvestCloud has over 20 global offices including New York, London, Geneva, Singapore, and Sydney, supporting trillions in assets across hundreds of diverse clients – from the largest banks in the world to wealth managers, asset managers, and asset services companies. InvestCloud was founded in 2010 and is based in West Hollywood, California.

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Buyer(S) 2

Buyer

Motive Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Focused
DESCRIPTION

Motive Partners is an investment firm focused on financial technology businesses. Prospective transaction types include management buyouts, growth financings, and venture. Motive Partners was formed in 2016 and is based in New York City.

DEAL STATS #
Overall 7 of 12
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 1 of 3
State (California) 2 of 2
Country (United States) 4 of 8
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Tegra118

Brookfield, Wisconsin, United States

Tegra118 is a technology provider for key segments of the wealth and asset management industry. The company's scalable, integrated platform delivers mission-critical, end-to-end software solutions for the front, middle, and back-office. Tegra118 is based in Brookfield, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Lmrkts

New York, New York, United States

Lmrkts is a financial and operational risk mitigation service provider that uses mathematical optimization to reduce counterparty, market, and settlement exposures. Lmrkts was founded in 2011 and is based in New York City.

Sell -
Buyer

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 67 of 88
Sector (Internet Software and Services) 11 of 14
Type (Secondary Buyout) 27 of 38
State (California) 10 of 16
Country (United States) 64 of 83
Year (2021) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Dimora Brands

Somerville, New Jersey, United States

Dimora Brands is a designer, distributor, and manufacturer of decorative hardware, functional hardware, and other products for the kitchen and bath industries. Dimora Brands was founded in 1994 and is headquartered in Somerville, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 Constant Contact

Waltham, Massachusetts, United States

Constant Contact is a provider of online marketing tools to generate repeat business and referrals through email marketing, social media marketing, event marketing, local deals, and online surveys. Constant Contact was founded in 1995 and is based in Waltham, Massachusetts.

Buy -

Seller(S) 2

SELLER

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.

DEAL STATS #
Overall 48 of 61
Sector (Internet Software and Services) 10 of 12
Type (Secondary Buyout) 4 of 7
State (California) 13 of 17
Country (United States) 45 of 54
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-30 Sunlight Financial

New York, New York, United States

Sunlight Financial provides long-term loans to finance the installation of residential rooftop solar systems. Sunlight offers its financing products to market-leading installers and large equipment distribution companies. The company partners with solar and battery installers, equipment distributors and sales organizations nationwide to help homeowners save money. Sunlight Financial was founded in 2014 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Vórtx

Sao Paulo, Brazil

Vórtx is a tech-enabled corporate and trust service provider for fund managers and corporate issuers in Brazil. Vórtx was founded in 2015 and is based in Sao Paulo, Brazil.

Buy -
SELLER

Kern Whelan Capital

Larkspur, California, United States

Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Kern Whelan Capital is an independent investment firm focused on companies at all stages of development. Kern Whelan will consider funding new ventures as well as investing in established/profitable businesses. The Firm is a generalist investor, with no industry preferences and generally targets capital efficient businesses with strong management and the potential to generate operating profits of 15% or better. Kern Whelan Capital is based in San Francisco.

DEAL STATS #
Overall 6 of 7
Sector (Internet Software and Services) 2 of 3
Type (Secondary Buyout) 1 of 1
State (California) 4 of 5
Country (United States) 6 of 7
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 Quri

San Francisco, California, United States

Quri Inc. is a provider of Web application that optimizes retail execution for brands by providing instant, store-level visibility of products, promotions, and the shoppers who interact with them. Quri Inc. was established in 2009 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 UserTesting

San Francisco, California, United States

UserTesting is a video-based human insight that taps into a client's global network of real people and generates video-based recorded experiences, so anyone in an organization can directly ask questions, hear what users say, see what they mean, and understand what it’s actually like to be a customer. The company reduces guesswork and brings customer experience data to life with human insight. It has more than 2,500 customers, including more than half of the world’s top 100 most valuable brands according to Forbes. UserTesting was founded in 2007 and is based in San Francisco, California.

Sell -
Mergr

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