M&A Deal Summary

Vista Equity Partners, Clearlake Capital and Morgan Stanley Capital Partners Acquire EagleView Technologies

On June 17, 2015, private equity firms Vista Equity Partners, Clearlake Capital and Morgan Stanley Capital Partners acquired information services company EagleView Technologies

Acquisition Highlights
  • This is Vista Equity Partners’ 3rd, Clearlake Capital’s 1st and Morgan Stanley Capital Partners’ 1st transaction in the Information Services sector.
  • This is Vista Equity Partners’ 49th, Clearlake Capital’s 25th and Morgan Stanley Capital Partners’ 14th transaction in the United States.
  • This is Vista Equity Partners’ 1st, Clearlake Capital’s 2nd and Morgan Stanley Capital Partners’ 1st transaction in Washington.

M&A Deal Summary
Date 2015-06-17
Target EagleView Technologies
Sector Information Services
Buyer(s) Vista Equity Partners
Clearlake Capital
Morgan Stanley Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) William Blair
Atlas Technology Group (Financial)
Kirkland & Ellis (Legal)

Target

EagleView Technologies

Bellevue, Washington, United States
EagleView Technologies is a provider of high-resolution aerial imagery, property data analytics, and structural measurements for government agencies, insurance carriers, roofing contractors, and energy utilities. Using patented image capture techniques, 3D aerial measurement software, and machine learning processes, EagleView Technologies helps customers answer questions related to millions of properties throughout the world. EagleView Technologies was founded in 2008 and is based in Bellevue, washington.

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Buyer(S) 3

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 55 of 149
Sector (Information Services) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 17 of 28
State (Washington) 1 of 4
Country (United States) 49 of 137
Year (2015) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-17 PowerSchool

Folsom, California, United States

PowerSchool is a provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments, and analytics in one unified platform. PowerSchool was founded in 1997 and is based in Folsom, California.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 MRI Software

Solon, Ohio, United States

MRI Software is a provider of real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. MRI develops lasting client relationships based on nearly five decades of expertise and insight. MRI Software was established in 1971 and is based in Solon, Ohio.

Sell -
Buyer

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 27 of 90
Sector (Information Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 12
State (Washington) 2 of 2
Country (United States) 25 of 85
Year (2015) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 PrimeSport

Atlanta, Georgia, United States

PrimeSport, Inc. is a provider of direct access to the biggest sporting events on the planet, offering tickets, travel, hospitality, and VIP experiences for corporations, professional sports teams and fans. PrimeSport was founded in 2010 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-25 CNI Enterprises

Madison Heights, Michigan, United States

CNI Enterprises is a manufacturer of quality interior trim products for the automotive industry. CNI provides customers with various interior trim components specializing in seat backs, cut and sew, and small parts assembly.

Buy -
Buyer

Morgan Stanley Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.

DEAL STATS #
Overall 17 of 50
Sector (Information Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 13
State (Washington) 1 of 1
Country (United States) 14 of 47
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 Creative Circle

Los Angeles, California, United States

Creative Circle LLC is a specialized staffing agency representing advertising, marketing,graphic communication, and interactive professionals. The Company currently lists many of the top advertising agencies, design firms, and corporations as clients.

Sell $570M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 CoAdvantage

Tampa, Florida, United States

CoAdvantage engages in human resource solutions, providing Professional Employer Organization (PEO) services to small and medium-sized businesses nationwide. CoAdvantage specializes in and excels at handling human resources. CoAdvantage are HR experts who work as your outsourcing partner to administer payroll, benefits, workers’ compensation, and core HR functions. CoAdvantage was founded in 1997 and is based in Tampa, Florida.

Buy -
Mergr

Product

Company

Legal