M&A Deal Summary

Partners Group AG Acquires Budderfly

On July 11, 2022, asset manager Partners Group AG acquired information technology company Budderfly from Balance Point Capital Partners and Edison Partners

Acquisition Highlights
  • This is Partners Group AG’s 7th transaction in the Information Technology sector.
  • This is Partners Group AG’s 33rd transaction in the United States.
  • This is Partners Group AG’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2022-07-11
Target Budderfly
Sector Information Technology
Buyer(s) Partners Group AG
Sellers(s) Balance Point Capital Partners
Edison Partners
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities
Shasta Partners (Financial)
Dentons (Legal)

Target

Budderfly

Shelton, Connecticut, United States
Budderfly is a provider of guaranteed energy savings with no out-of-pocket costs for business through a unique Energy Efficiency-as-a-Service solution. Budderfly provides all the technology, 100% of the investment in efficiency upgrades, and the expertise to deliver the most energy-efficient, highest savings solution without the project risks or the frustration of competing for financial tradeoffs. Budderfly was founded in 2007 and is based in Shelton, Connecticut.

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Buyer(S) 1

DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 84 of 88
Sector (Information Technology) 7 of 8
Type (Secondary Buyout) 48 of 52
State (Connecticut) 1 of 1
Country (United States) 33 of 33
Year (2022) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Acrisure

Grand Rapids, Michigan, United States

Acrisure is a retail insurance brokerage offering comprehensive risk management and consulting solutions, including property & casualty, employee benefits, human resource outsourcing, loss & claims management, surety bonding and personal lines coverage. Acrisure was founded in 2005 and is based in Grand Rapids, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-11 Cloudflight

Munich, Germany

Cloudflight provides scalable solutions and tailor-made software to help companies digitize their business models, processes, and products. The Company's core expertise is in software development for long-term projects, which typically requires deep expertise within fields such as the Internet of Things, cloud architecture, machine learning, and artificial intelligence. Cloudflight was founded in 2019 and is based in Munich, Germany.

Buy €400M

Seller(S) 2

SELLER

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 13 of 16
Sector (Information Technology) 2 of 3
Type (Secondary Buyout) 6 of 7
State (Connecticut) 3 of 3
Country (United States) 13 of 16
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Apollo Intelligence

Watertown, Massachusetts, United States

Apollo Intelligence is a provider of real-time data and insights to the healthcare and life science industries. The Apollo platform launched with its acquisition of InCrowd, a pioneer of real-time, automated insights for the life science industry, as the founding company. Apollo Intelligence was founded in 2019 and is based in Watertown, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 The Stable

Minneapolis, Minnesota, United States

The Stable is a fully integrated consumer brand agency helping businesses activate across all channels of commerce. The Stable was formed in 2015 and is based in Minneapolis, Minnesota.

Sell -
SELLER

Edison Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION


DEAL STATS #
Overall 18 of 22
Sector (Information Technology) 8 of 9
Type (Secondary Buyout) 3 of 3
State (Connecticut) 1 of 1
Country (United States) 15 of 17
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 ExecVision

Arlington, Virginia, United States

ExecVision is a conversation intelligence platform built on a simple, almost inarguable premise: ExecVision analyzes existing call recordings by leveraging AI to unlock key insights, flag coachable moments, interpret emotion, and compare outcomes. This provides managers with insights into what is and isn’t working on every call, and what differentiates top performers from everyone else. ExecVision was founded in 2012 and is based in Arlington, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 15Five

San Francisco, California, United States

15Five is a human-centered performance management platform that creates effective managers, highly engaged employees, and top-performing organizations. From engagement surveys and 1-on-1 tools to performance reviews and OKRs, 15Five is the most complete solution that combines software, education, and community to develop successful managers and unlock peak employee performance. 15Five was founded in 2011 and is based in San Francisco, California.

Buy -