M&A Deal Summary

TA Associates, Genstar Capital and HgCapital Acquire insightsoftware

On June 14, 2018, private equity firms TA Associates, Genstar Capital and HgCapital acquired software company insightsoftware

Acquisition Highlights
  • This is TA Associates’ 58th, Genstar Capital’s 7th and HgCapital’s 26th transaction in the Software sector.
  • This is TA Associates’ 216th, Genstar Capital’s 66th and HgCapital’s 5th transaction in the United States.
  • This is TA Associates’ 5th, Genstar Capital’s 5th and HgCapital’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2018-06-14
Target insightsoftware
Sector Software
Buyer(s) TA Associates
Genstar Capital
HgCapital
Deal Type Buyout (LBO, MBO, MBI)

Target

insightsoftware

Raleigh, North Carolina, United States
insightsoftware is a provider of financial reporting and enterprise performance management (EPM) software, enabling the ‘Office of the CFO’ to connect to and make sense of enterprise data in real time so they can proactively drive greater financial intelligence. The company helps companies turn their financial & operational data into better business outcomes that drive growth and ROI through their innovative, turn-key reporting and performance management solutions. insightsoftware was founded in 1993 and is based in Raleigh, North Carolina.

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Buyer(S) 3

Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 278 of 364
Sector (Software) 58 of 86
Type (Buyout (LBO, MBO, MBI)) 68 of 72
State (North Carolina) 5 of 6
Country (United States) 216 of 263
Year (2018) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-06 Maintenance Connection

Davis, California, United States

Maintenance Connection, Inc. is a provider of computerized maintenance management system (CMMS) software. Maintenance Connection’s web-based CMMS platform is designed to manage all aspects of an organization’s asset maintenance operation, with the goal of optimizing asset life and lowering the overall cost of maintenance. Primary features of the software suite include work order tracking, asset management, preventative maintenance, service requests, inventory control and reporting. The software can be deployed on-premises, via a software as a service (SaaS) model, or in a hybrid configuration.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Cyncly

Borgenhaugen, Norway

Cyncly is a global provider of specialized visualization, sales, manufacturing and content software and solutions for key retail, design and manufacturing industries. The Company’s connected platform includes Configure, Price, Quote software, online space planning, computer-aided design applications, business process management, manufacturing execution systems and enterprise resource planning. Cyncly was founded in 1989 and is based in Borgenhaugen, Norway.

Buy -
Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 72 of 109
Sector (Software) 7 of 12
Type (Buyout (LBO, MBO, MBI)) 24 of 26
State (North Carolina) 5 of 7
Country (United States) 66 of 101
Year (2018) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Altegris Companies

La Jolla, California, United States

Altegris Companies, Inc. is a provider of alternative investment solutions designed for financial professionals and individuals seeking to improve portfolio diversification.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Enverus

Austin, Texas, United States

Enverus is a data, software, and insights company focused on the energy industry. Through its SaaS platform, Enverus provides innovative technologies and predictive/prescriptive analytics, empowering customers to navigate the future. Enverus’ solutions deliver value across upstream, midstream and downstream sectors, enabling the industry to be more collaborative, efficient and competitive. Enverus was founded in 1999 and is based in Austin, Texas.

Buy -
Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.

DEAL STATS #
Overall 102 of 151
Sector (Software) 26 of 47
Type (Buyout (LBO, MBO, MBI)) 28 of 36
State (North Carolina) 1 of 1
Country (United States) 5 of 19
Year (2018) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 itm8

Herning, Denmark

itm8 is a provider of IT outsourcing focused at smaller businesses. itm8 provides services which allow SMEs to move their IT infrastructure and operations into the cloud, as well as providing end user support and consulting as part of a full-service IT offering. itm8 was founded in 2003 and is based in Herning, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Rhapsody & Population Health Businesses

Auckland, New Zealand

Rhapsody & Population Health Businesses business comprising Orion Health’s Rhapsody and Symphonia software products designed to integrate systems through the acquisition and exchange of data. Rhapsody & Population Health Businesses is based in Auckland, New Zealand.

Buy $255M
Mergr

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