Divestiture • Information Technology

Vista Equity Partners and Bain Capital Private Equity Acquire CentralSquare

On December 7, 2016, private equity firms Vista Equity Partners and Bain Capital Private Equity acquired information technology company CentralSquare from SunGard Data Systems

Acquisition Context
  • This is Vista Equity Partners’ 10th and Bain Capital Private Equity’s 6th transaction in the Information Technology sector.
  • This is Vista Equity Partners’ 66th and Bain Capital Private Equity’s 80th transaction in the United States.
  • This is Vista Equity Partners’ 5th and Bain Capital Private Equity’s 4th transaction in Florida.

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M&A Deal Summary

Date December 7, 2016
Target CentralSquare
Sector Information Technology
Buyer(s) Vista Equity Partners
Bain Capital Private Equity
Sellers(s) SunGard Data Systems
Deal Type Divestiture

Target Company

CentralSquare

Lake Mary, Florida, United States
CentralSquare is a provider of technology platform solutions for public safety, including 911, computer-aided dispatch, records management, mobile, citations, evidence management, and corrections. For public administration agencies, CentralSquare provides software for finance, human capital management, payroll, utility billing, citizen engagement, asset management, regulatory compliance, and community development. CentralSquare is based in Lake Mary, Florida.
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Buyers Overview 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 Context for Buyer #
Overall 72 of 158
Sector: Information Technology 10 of 21
Type: Divestiture 11 of 12
State: Florida 5 of 10
Country: United States 66 of 144
Year: 2016 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Lanyon

Irving, Texas, United States

Lanyon is a provider of content and spend management solutions to the travel, transportation and hospitality industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Numerator

Chicago, Illinois, United States

Numerator is a market intelligence firm that brings together omnichannel marketing, merchandising and sales data to make pursuing new possibilities simple for brand, retail and agency clients. Numerator is the only company in the marketplace to connect omnichannel purchase data and comprehensive path data to deliver an unmatched view of the consumer shopping and purchase experience. Numerator was formed in 1990 and is based in Chicago, Illinois.

Buy -
Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


Deal Context for Buyer #
Overall 144 of 253
Sector: Information Technology 6 of 17
Type: Divestiture 26 of 38
State: Florida 4 of 5
Country: United States 80 of 131
Year: 2016 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 SquareTrade

San Francisco, California, United States

SquareTrade, Inc. is a developer of software products to protects mobile devices, laptops and tablets, and other consumer electronics and appliances from malfunctions, accidental damage and life’s frequent mishaps.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Camp Australia

Malvern East, Australia

Camp Australia delivers high quality and affordable After School Care that nurtures and supports children's development. Providing time for homework, time to relax, educational activities and a healthy snack. Camp Australia was founded in 1987 and is based in Malvern East, Australia.

Buy -

Seller Profile 1

SELLER

SunGard Data Systems

Wayne, Pennsylvania, United States

Category Company
Founded 1982
Sector Software
Employees17,000
Revenue 4.5B USD (2013)
DESCRIPTION
Sungard campus in Downers Grove, Illinois.
Sungard campus in Downers Grove, Illinois.

SunGard Data Systems, Inc. is a provider of software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.


Deal Context for Seller #
Overall 2 of 2
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
State: Florida 1 of 1
Country: United States 2 of 2
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-12 CRW Systems

Carlsbad, California, United States

CRW is a developer of solutions that help local government agencies manage community development.

Buy -