M&A Deal Summary

Thomas H. Lee Partners Acquires Hexure

On September 14, 2020, private equity firm Thomas H. Lee Partners acquired software company Hexure from NexPhase Capital

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 8th transaction in the Software sector.
  • This is Thomas H. Lee Partners’ 62nd transaction in the United States.
  • This is Thomas H. Lee Partners’ 3rd transaction in Colorado.

M&A Deal Summary

Date 2020-09-14
Target Hexure
Sector Software
Buyer(s) Thomas H. Lee Partners
Sellers(s) NexPhase Capital
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
Lowenstein Sandler (Legal)

Target

Hexure

Colorado Springs, Colorado, United States
Hexure provides innovative sales and regulatory automation solutions to the insurance and financial services industries. The company’s core product, ForeSight, is an established, industry-leading point-of-sale illustration product for multiple lines of business including life and annuities. The company also offers a fast-growing, feature-rich SaaS e-application product, FireLight, which expedites the application data collection process with an intuitive user interface. Both products serve to automate and improve the sales process and increase the revenue of retirement and insurance products offered by some of the most established financial institutions in the country. Hexure was formed in 1995 and is based in Colorado Springs, Colorado

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Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 73 of 90
Sector (Software) 8 of 12
Type (Secondary Buyout) 24 of 32
State (Colorado) 3 of 3
Country (United States) 62 of 77
Year (2020) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 Alfresco Software

Wellesley, Massachusetts, United States

Alfresco Software, Inc. is an enterprise open-source software company focused on making business flow quickly, seamlessly, and intelligently, by driving the convergence of enterprise content management and business process management. Alfresco Software was founded in 2005 and is based in Wellesley, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Adare Pharma Solutions

Lawrenceville, New Jersey, United States

Adare Pharma Solutions provides enhanced medicines, creating new possibilities for improved patient health. Adare Pharma Solutions has solved complex formulation, manufacturing, and commercialization challenges, resulting in transformational medicines that deliver value to all its stakeholders. The company has a global presence with R&D, manufacturing, and commercial operations in the Unites States, Europe, and Canada. Adare Pharma Solutions was founded in 2015 and is based in Lawrenceville, New Jersey.

Buy -

Seller(S) 1

SELLER

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Moelis Capital Partners (MCP) is the private equity investment arm of investment bank Moelis & Company. MCP targets growth equity and control buyouts requiring equity investments of $25 to $75 million. Moelis has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. Moelis Capital Partners was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 17 of 22
Sector (Software) 3 of 3
Type (Secondary Buyout) 7 of 10
State (Colorado) 1 of 1
Country (United States) 16 of 21
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-27 KnowFully Learning Group

Wayne, Pennsylvania, United States

KnowFully Learning Group is a provider of continuing professional education and exam preparation courses to the healthcare, accounting and finance sectors. KnowFully Learning Group was founded in 1985 and is based in Wayne, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Oliver Winery

Bloomington, Indiana, United States

Oliver Winery is a manufacturer of wines. Oliver Winery was founded in 1972 and is based in Bloomington, Indiana.

Buy -