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M&A Deal Summary

Warburg Pincus Acquires DocuTAP

On May 4, 2016, private equity firm Warburg Pincus acquired software company DocuTAP from Bluff Point Associates

Acquisition Highlights
  • This is Warburg Pincus’ 16th transaction in the Software sector.
  • This is Warburg Pincus’ 154th transaction in the United States.
  • This is Warburg Pincus’ 1st transaction in South Dakota.
Investment Fate
  • DocuTAP merged with another company in 2019.

M&A Deal Summary
Date 2016-05-04
Target DocuTAP
Sector Software
Buyer(s) Warburg Pincus
Sellers(s) Bluff Point Associates
Deal Type Secondary Buyout

Target

DocuTAP

Sioux Falls, South Dakota, United States
DocuTAP is a provider of software for electronic medical records, practice management software and revenue cycle management for more than 1,300 urgent care and primary care clinics. The Company has grown significantly in the last several years, expanding its workforce, and adding 350 urgent care clinics to its network in the last year alone.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 303 of 492
Sector: Software M&A 16 of 35
Type: Secondary Buyout M&A Deals 36 of 70
State: South Dakota M&A 1 of 1
Country: United States M&A 154 of 241
Year: 2016 M&A 12 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Universal Services of America

Santa Ana, California, United States

Universal Services of America is a facility services companies in the U.S., combining an innovative mix of tradition with cutting edge systems and technology to keep pace with the ever - evolving needs of today’s business environments. Headquartered in Santa Ana, Calif., today, Universal is a $2.5 billion company with more than 80,000 employees on staff. The company is now the second largest manned guarding security company in North America and employs a hands-on, highly experienced management team and continuous training to deliver consistent, high quality security solutions. Universal has four unique divisions: Universal Protection Service, Universal Protection Security Systems, Universal Fire/Life Safety Services and Universal Building Maintenance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-10 UIB

Shanghai, China

UIB is an operator of obstetrics, gynecology and pediatrics hospitals. UIB currently owns the UIB International Postpartum Care Center and the Ruizhitang Women’s Healthcare Center. UIB is based in Shanghai, China.

Buy -

Seller(S) 1

SELLER

Bluff Point Associates

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

Bluff Point Associates is a private equity firm that invests in middle-market information technology companies serving the financial services and healthcare industries. The Firm looks for control positions in growth-oriented companies with $3 to $30 million in revenue. Bluff Point Associates was formed in 2011 and is based in Westport, Connecticut.

DEAL STATS #
Overall 8 of 15
Sector: Software M&A 3 of 4
Type: Secondary Buyout M&A Deals 1 of 2
State: South Dakota M&A 1 of 1
Country: United States M&A 8 of 15
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-01 IrishCentral

New York City, New York, United States

IrishCentral is an Irish American media site, news, history, travel, opinion, or cultural information and community for the global Irish community. IrishCentral was founded in 2009 and is based in New York City, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Netgain Technology

Minneapolis, Minnesota, United States

Netgain Technology provides managed IT services the accounting, Legal, and healthcare industries. Clients rely on our turnkey cloud-enabled solutions and our deep expertise across public cloud, business, and accounting applications to efficiently run their businesses across an increasingly distributed and remote workforce. Netgain Technology was founded in 2000 and is based in Minneapolis, Minnesota.

Buy -
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