Investment Summary

Spectrum Equity and Bain Capital Private Equity Invest In MedHOK

On January 8, 2014, private equity firms Spectrum Equity and Bain Capital Private Equity invested in internet software and services company MedHOK

Investment Highlights
  • This is Spectrum Equity’s 10th and Bain Capital Private Equity’s 4th transaction in the Internet Software and Services sector.
  • This is Spectrum Equity’s 43rd and Bain Capital Private Equity’s 68th transaction in the United States.
  • This is Spectrum Equity’s 1st and Bain Capital Private Equity’s 3rd transaction in Florida.
Investment Fate
  • MedHOK was sold to a strategic buyer in 2016.

Investment Summary

Date 2014-01-08
Target MedHOK
Sector Internet Software and Services
Investor(s) Spectrum Equity
Bain Capital Private Equity
Deal Type Growth Capital

Target

MedHOK

Tampa, Florida, United States
MedHOK, Inc. is a provider of software-as-a-service (SaaS) solutions for health plans offered by insurance companies, health systems and companies that administer drug benefits.

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Investor(S) 2

Investor

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 8.2B USD
Size Mega
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.


DEAL STATS #
Overall 49 of 103
Sector: Internet Software and Services M&A 10 of 36
Type: Growth Capital M&A Deals 13 of 53
State: Florida M&A 1 of 2
Country: United States M&A 43 of 90
Year: 2014 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-21 Passport Health Communications

Franklin, Tennessee, United States

Passport Health Communications, Inc. (Formerly InterMed LLC) provides a comprehensive suite of administrative, clinical and financial solutions to improve the efficiency and accuracy of the revenue cycle process for more than 5,300 hospitals, physician practices and other healthcare providers.

Sell $850M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-14 Business Monitor International

London, United Kingdom

Business Monitor International is a leading country risk and industry research firm offering comprehensive and timely coverage of 175 countries and 23 industry verticals. BMI content offers clients highly structured, consistent coverage of every country and industry vertical, applying BMI?s proprietary forecasting, risk rating and assessment methodologies.

Sell -
Investor

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 118 of 253
Sector: Internet Software and Services M&A 4 of 9
Type: Growth Capital M&A Deals 9 of 19
State: Florida M&A 3 of 5
Country: United States M&A 68 of 131
Year: 2014 M&A 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 Keystone Automotive Operations

Exeter, Pennsylvania, United States

Keystone Automotive Operations, Inc. is a distributor and marketer of specialty aftermarket equipment and accessories. Keystone markets products to serve the following six category segments: truck and off-road; speed and performance; recreational vehicle; towing; wheels, tires and performance handling; and miscellaneous accessories.

Sell $450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-24 Applied Systems

Chicago, Illinois, United States

Applied Systems is a provider of cloud-based software to the P&C and benefits insurance industries. The company provides agency and brokerage management systems to customers throughout North America and Europe. Applied Systems was founded in 1983 and is based in Chicago, Illinois.

Sell $1.8B