M&A Deal Summary

PSG and Bridgepoint Acquire Nextlane

On May 1, 2019, growth capital firm PSG and private equity firm Bridgepoint acquired software company Nextlane from Access Capital Partners

Acquisition Highlights
  • This is PSG’s 9th and Bridgepoint’s 5th transaction in the Software sector.
  • This is PSG’s 1st and Bridgepoint’s 31st transaction in France.

M&A Deal Summary

Date 2019-05-01
Target Nextlane
Sector Software
Buyer(s) PSG
Bridgepoint
Sellers(s) Access Capital Partners
Deal Type Secondary Buyout

Target

Nextlane

Paris, France
Nextlane is a provider of CRM solutions to OEMs and automotive dealers. The company is engaged in the development of global customer management solutions for sales, marketing, and aftersales in automotive industry. Nextlane was founded in 2000 and is based in Paris, France.

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Buyer(S) 2

Buyer

PSG

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 27 of 108
Sector (Software) 9 of 33
Type (Secondary Buyout) 4 of 8
Country (France) 1 of 7
Year (2019) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-28 Anju Software

Tempe, Arizona, United States

Anju Software is a provider of comprehensive software solutions to the life sciences industry that provides an integrated platform spanning clinical operations, medical affairs, and commercial divisions, including integrated data intelligence. Anju has combined deep industry and software domain expertise to build a next generation platform for the life sciences sector that can scale to provide solutions that meet customers’ needs from “molecule to retirement.” Anju provides end-to-end software solutions that help customers manage mission-critical pharma processes and turn data into actionable insights. Anju solutions are used by large and small pharmaceutical companies, contract research organizations, full service agencies, and medical device companies. Anju Software is based in Tempe, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 ThreatConnect

Arlington, Virginia, United States

ThreatConnect provides a proactive and efficient approach to security by enabling enhanced detection, shortened response, and reduced risk. Designed by analysts but built for the entire team (security operations, threat intelligence, incident response, and security leadership), ThreatConnect’s intelligence-driven security operations platform is the only solution available today with intelligence, automation, analytics, and workflows in a single platform. ThreatConnect was founded in 2011 and is based in Arlington, Virginia.

Buy -
Buyer

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 131 of 176
Sector (Software) 5 of 8
Type (Secondary Buyout) 51 of 70
Country (France) 31 of 42
Year (2019) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Kyriba

San Diego, California, United States

Kyriba is a provider of cloud treasury and financial management solutions. Kyriba delivers a highly secure, 100% SaaS platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. More than 1,600 companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime, and accelerate growth opportunities through improved decision support. Kyriba was founded in 2000 and is based in San Diego, California.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 A-Katsastus Oy

Vantaai, Finland

A-Katsastus Oy is a provider of vehicle inspection, driver’s examinations, and registration and other license services. A-Katsastus was founded in 1966 and is based in Vantaai, Finland.

Sell -

Seller(S) 1

SELLER

Access Capital Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1998
PE ASSETS 13.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Access Capital Partners is a mega-sized European investment firm that seeks to partner with fund managers spanning a variety of investment strategies. These include funds focused on small buyouts, private debt/mezzanine, infrastructure, and secondary investments. Access Capital primarily invests in funds, however the Firm does select co-investments directly as well. Co-investment opportunities are mostly generated from fund managers in which Access has invested and with whom the team has developed a long-standing relationship. Access Capital Partners was established in 1998 and is headquartered in Paris.


DEAL STATS #
Overall 1 of 3
Sector (Software) 1 of 1
Type (Secondary Buyout) 1 of 3
Country (France) 1 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Climb Up

Lyon, France

Climb Up manages climbing halls including climbing lane, blocks, children's area, and a restaurant. Climb Up is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Nabiax

Madrid, Spain

Nabiax is a connected data centers provides server hosting services. Nabiax was founded in 2019 and is based in Madrid, Spain.

Buy -