M&A Deal Summary

Thomson Reuters Acquires Capital Confirmation

On June 21, 2019, Thomson Reuters acquired internet software and services company Capital Confirmation from Great Hill Partners

Acquisition Highlights
  • This is Thomson Reuters’ 3rd transaction in the Internet Software and Services sector.
  • This is Thomson Reuters’ 29th transaction in the United States.
  • This is Thomson Reuters’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2019-06-21
Target Capital Confirmation
Sector Internet Software and Services
Buyer(s) Thomson Reuters
Sellers(s) Great Hill Partners
Deal Type Add-on Acquisition

Target

Capital Confirmation

Brentwood, Tennessee, United States
Capital Confirmation, Inc. is a provider of secure online audit confirmations. Capital Confirmation is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

Thomson Reuters

Toronto, Ontario, Canada

Category Company
Founded 1851
Sector Information Services
Employees25,600
Revenue 6.8B USD (2023)
DESCRIPTION
Thomson Reuters' office in Eagan, Minnesota.
Thomson Reuters' office in Eagan, Minnesota.

Thomson Reuters is an information source for businesses and professionals. Thomson Reuters delivers information to decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs people and operates in over 100 countries. Thomson Reuters was originally incorporated in 1851 and is headquartered in Toronto, Ontario.


DEAL STATS #
Overall 48 of 57
Sector (Internet Software and Services) 3 of 5
Type (Add-on Acquisition) 42 of 50
State (Tennessee) 1 of 1
Country (United States) 29 of 33
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 Pangea3

New York, New York, United States

Pangea3 is a legal process outsourcing (LPO) provider serving corporate legal departments and law firms worldwide. By leveraging legal, technical and business-process talent in quality, cost-effective centers, Pangea3 helps clients mitigate legal risks, reduce burdensome costs and provide continuity and scale to budget-strapped legal teams.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 HighQ Solutions

London, United Kingdom

HighQ Solutions Ltd. is a provider of software to law firms, investment banks and corporations. HighQ helps major law firms and corporate legal departments to transform the way they work and deliver legal services. HighQ Solutions Ltd. was founded in 2001 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 43 of 60
Sector (Internet Software and Services) 14 of 20
Type (Add-on Acquisition) 30 of 37
State (Tennessee) 2 of 3
Country (United States) 37 of 50
Year (2019) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 TodayTix

New York, New York, United States

TodayTix is a mobile-first ticketing platform in the performing arts market. Through its mobile-first, design-focused ticketing platform, TodayTix is the place for audiences to discover, explore and engage with the best entertainment their city has to offer. TodayTix was founded in 2013 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-26 Symmetry

Brookfield, Wisconsin, United States

Symmetry Corp. is a SAP® service provider, Symmetry manages complex SAP implementations on a global scale for industries like healthcare, financial services, retail, manufacturing, automotive and more. Symmetry Corp. was founded in 1996 and is based in Brookfield, Wisconsin.

Sell -