M&A Deal Summary

The Riverside Company and Triangle Capital Acquire Baker Hill

On September 23, 2015, private equity firms The Riverside Company and Triangle Capital acquired software company Baker Hill from Experian for 100M USD

Acquisition Highlights
  • This is The Riverside Company’s 9th and Triangle Capital’s 3rd transaction in the Software sector.
  • This is The Riverside Company’s 3rd and Triangle Capital’s largest (disclosed) transaction.
  • This is The Riverside Company’s 144th and Triangle Capital’s 105th transaction in the United States.
  • This is The Riverside Company’s 4th and Triangle Capital’s 1st transaction in Indiana.
Investment Fate
  • Baker Hill was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2015-09-23
Target Baker Hill
Sector Software
Buyer(s) The Riverside Company
Triangle Capital
Sellers(s) Experian
Deal Type Divestiture
Deal Value 100M USD

Target

Baker Hill

Carmel, Indiana, United States
Baker Hill is a provider of cloud-based, end-to-end loan origination, risk management, and analytics software that supports loan origination and loan portfolio management. Baker Hill was formed in 1983 and is based in Carmel, Indiana.

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Buyer(S) 2

Buyer

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 202 of 284
Sector (Software) 9 of 23
Type (Divestiture) 6 of 9
State (Indiana) 4 of 5
Country (United States) 144 of 196
Year (2015) 13 of 16
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 Database Marketing Agency

Beaverton, Oregon, United States

DMA acts as a strategic partner for its customers, delivering a suite of offerings that allows financial services providers to access and understand data from across their organizations, gaining visibility into the profitability of each branch, product and customer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-24 Orliman S.L.

Valencia, Spain

Orliman, S.L. is a medical device company. Company makes and distributes devices that support patients’ lower limbs and torsos. Orliman undertakes the development and series production of orthopedic products, spearheading future recovery of mobility and rehabilitation, preventive healthcare and functional improvement.

Sell -
Buyer

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 106 of 114
Sector (Software) 3 of 3
Type (Divestiture) 5 of 5
State (Indiana) 1 of 1
Country (United States) 105 of 112
Year (2015) 9 of 13
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Arrow Building Center

Stillwater, Minnesota, United States

Arrow Building Center is a full service building materials retailer serving Minnesota and Western Wisconsin. Arrow Building Center’s 16 full-service lumberyards, specialty divisions, and new state-of-the-art components manufacturing plant are ready to offer the best quality building products at an affordable price with the personalized, professional service customers have come to expect from Arrow since 1903.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Pomeroy IT Solutions

Hebron, Kentucky, United States

Pomeroy IT Solutions, Inc. is a provider of high quality IT infrastructure services from its locations throughout North America, Latin America, Europe, and Asia. Pomeroy’s portfolio of infrastructure managed services includes Workplace Services, Network Services, Data Center Services, and Cloud Services along with staffing services and the full range of procurement and logistics services. The industry’s foremost expert in Optimized Workplace Services, Pomeroy is industry recognized for Managed Workspace Services.

Sell -

Seller(S) 1

SELLER

Experian

Dublin, Ireland
Category Company
Founded 1826
Sector Information Services
Employees22,500
Revenue 7.1B GBP (2024)
DESCRIPTION

Experian is a global information services group with operations in 40 countries. Experian was founded in 1826 and is based in Dublin, Ireland.

DEAL STATS #
Overall 5 of 10
Sector (Software) 2 of 2
Type (Divestiture) 3 of 7
State (Indiana) 1 of 1
Country (United States) 3 of 7
Year (2015) 2 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-22 Experian FootFall

Solihull, United Kingdom

FootFall Ltd. is a provider of retail intelligence services to retailers and shopping centers in the United Kingdom and internationally.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 Hitwise Pty.

Melbourne, Australia

Hitwise Pty. Ltd. is an online Internet marketing intelligence company, which helps clients monitor the performance of their websites and target their online advertising spend more effectively.

Sell -
Mergr

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