M&A Deal Summary

Vista Equity Partners and BC Partners Acquire Advanced

On March 19, 2015, private equity firms Vista Equity Partners and BC Partners acquired software company Advanced for 750M GBP

Acquisition Highlights
  • This is Vista Equity Partners’ 23rd and BC Partners’ 2nd transaction in the Software sector.
  • This is Vista Equity Partners’ 18th and BC Partners’ 19th largest (disclosed) transaction.
  • This is Vista Equity Partners’ 2nd and BC Partners’ 14th transaction in the United Kingdom.

M&A Deal Summary

Date 2015-03-19
Target Advanced
Sector Software
Buyer(s) Vista Equity Partners
BC Partners
Deal Type Going Private
Deal Value 750M GBP
Advisor(s) Rothschild Global Advisory (Financial)

Target

Advanced

Birmingham, United Kingdom
Advanced is a provider of software and IT services to the public, private, and not-for-profit sectors which enable organizations to improve efficiency, reduce costs and drive growth. Advanced Computer Software Group is based in Birmingham, United Kingdom.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

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 51 of 149
Sector (Software) 23 of 59
Type (Going Private) 9 of 25
Country (United Kingdom) 2 of 3
Year (2015) 2 of 10
Size (of disclosed) 18 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 SirsiDynix

Lehi, Utah, United States

SirsiDynix is a provider of integrated library systems (ILS) software, which is specialized enterprise resource planning software for libraries used to automate and optimize the entire operation of a library as well as enhance a library’s ability to serve its users and community. SirsiDynix was founded in 1979 and is based in Lehi, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-02 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.

Buy -
Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a large investment group focused on private equity, credit, real estate, and co-investment strategies. The Firm's private equity group looks to make control investments in European and North American businesses valued above €300 million. Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and is based in London, England.


DEAL STATS #
Overall 60 of 96
Sector (Software) 2 of 3
Type (Going Private) 3 of 6
Country (United Kingdom) 14 of 18
Year (2015) 1 of 5
Size (of disclosed) 19 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-31 Phones 4u

Newcastle-under-Lyme, United Kingdom

MobileServ, operating under the Phones 4u brand, is a independent multi-channel mobile phone distributor among the youth market in the UK and the largest provider of mobile phone insurance in the UK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Pharmathen

Amstelveen, Netherlands

Pharmathen is a European pharmaceutical company that focuses on developing, manufacturing, and out-licensing complex generic pharmaceutical products. Pharmathen's differentiated B2B model attracts a blue-chip customer base of more than 215 generic pharmaceutical companies, which it serves from two US/EU-approved manufacturing facilities in Greece. Pharmathen was founded in 1969 and is based in Amstelveen, Netherlands.

Buy -