M&A Deal Summary

Stone Point Capital Acquires Lone Wolf

On October 23, 2020, private equity firm Stone Point Capital acquired internet software and services company Lone Wolf from Vista Equity Partners

Acquisition Highlights
  • This is Stone Point Capital’s 9th transaction in the Internet Software and Services sector.
  • This is Stone Point Capital’s 2nd transaction in Canada.
  • This is Stone Point Capital’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2020-10-23
Target Lone Wolf
Sector Internet Software and Services
Buyer(s) Stone Point Capital
Sellers(s) Vista Equity Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
Kirkland & Ellis (Legal)

Target

Lone Wolf

Cambridge, Ontario, Canada
Lone Wolf is a SaaS provider of back- and front-office solutions for residential real estate brokers and agents in North America. Lone Wolf offers software solutions used by more than 1.5 million agents, 9,000 brokerages, and hundreds of multiple listing services and associations throughout North America. Lone Wolf was founded in 1989 and is based in Cambridge, Canada.

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Buyer(S) 1

Buyer

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 94 of 114
Sector (Internet Software and Services) 9 of 11
Type (Secondary Buyout) 20 of 26
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 Broadstone Net Lease

Victor, New York, United States

Broadstone Net Lease is an internally-managed real estate investment trust (“REIT”) focused on single-tenant commercial real estate properties in the United States. BNL’s diversified portfolio consists of properties in the U.S. and Canada across the industrial, healthcare, restaurant, retail and office property types. Broadstone Net Lease was founded in 2007 and is based in Victor, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 Homepoint

Ann Arbor, Michigan, United States

Homepoint is a mortgage banking business that is focused on residential mortgage origination, servicing, and asset management. Homepoint was founded in 2014 and is based in Ann Arbor, Michigan.

Sell -

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 45 of 70
Sector (Internet Software and Services) 9 of 20
Type (Secondary Buyout) 13 of 17
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2020) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Datto

Norwalk, Connecticut, United States

Datto is a vendor of backup, disaster recovery (BDR), and intelligent business continuity (IBC) solutions, providing technology and support to its 5,000+ channel Partners throughout North America and Europe. Datto is the only hybrid-cloud BDR/IBC vendor that provides instant on- and off-site virtualization and screenshot backup verification, achieved through its Inverse Chain Technology. The Datto product line addresses the specific needs of small to medium-sized businesses (SMBs) and serves a wide range of vertical markets including healthcare, financial, education, banking, legal, manufacturing, retail, and municipal. Datto is a channel-only provider. Solutions are resold through Managed Service Providers (MSPs), Value Added Resellers (VARs), and IT Service Providers to end-user businesses. Datto was founded in 2007 and is based in Norwalk, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 Pipedrive

New York, New York, United States

Pipedrive is a CRM platform developed from the salesperson's point of view. Pipedrive is used by sales teams at more than 95,000 companies worldwide. Pipedrive is headquartered in New York and has offices across Europe and in the US. Pipedrive was formed in 2010 and is based in New York City.

Buy -
Mergr

Product

Company

Legal