M&A Deal Summary

Warburg Pincus Acquires Qualifacts

On September 20, 2019, private equity firm Warburg Pincus acquired internet software and services company Qualifacts from Great Hill Partners

Acquisition Highlights
  • This is Warburg Pincus’ 31st transaction in the Internet Software and Services sector.
  • This is Warburg Pincus’ 198th transaction in the United States.
  • This is Warburg Pincus’ 4th transaction in Tennessee.

M&A Deal Summary
Date 2019-09-20
Target Qualifacts
Sector Internet Software and Services
Buyer(s) Warburg Pincus
Sellers(s) Great Hill Partners
Deal Type Secondary Buyout
Advisor(s) Aeris Partners LLC (Financial)
Goodwin Procter (Legal)

Target

Qualifacts

Nashville, Tennessee, United States
Qualifacts is a SaaS provider of electronic health record (“EHR“) for the behavioral health market, which includes mental health and substance abuse. Qualifacts was founded in 2000 and is based in Nashville, Tennessee.

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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 408 of 482
Sector (Internet Software and Services) 31 of 37
Type (Secondary Buyout) 52 of 63
State (Tennessee) 4 of 4
Country (United States) 198 of 237
Year (2019) 17 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 ParetoHealth

Philadelphia, Pennsylvania, United States

ParetoHealth forms and manages employee benefit group captives that mitigate the year-to-year volatility and risk inherent in self-insurance, thereby allowing employers to focus on reducing healthcare costs ParetoHealth was founded in 2011 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-28 inexio

Saarlouis, Germany

inexio is a fast-growing provider of fiber optic internet connections for retail and business customers in Germany. In the retail customer segment, growth is driven by rising data volumes and the growing use of video streaming, whilst in the business segment, fiber optic connections for small and medium-sized businesses are the key driver of growth. inexio is based in Saarlouis, Germany.

Sell -

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 47 of 60
Sector (Internet Software and Services) 15 of 20
Type (Secondary Buyout) 7 of 11
State (Tennessee) 3 of 3
Country (United States) 41 of 50
Year (2019) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 Sugarfina

Los Angeles, California, United States

Sugarfina, Inc. is a luxury candy boutique featuring 150+ gourmet sweets from small artisan candy-makers around the world. Sugarfina launched online in the summer of 2012 and has since grown to 24 boutiques and 14 shop-in-shops in North America. The brand focuses on creating the highest-quality confections in partnership with artisan candy makers around the globe. More than three-quarters of Sugarfina candies are exclusive and can’t be found at any other candy store.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Varicent

Toronto, Ontario, Canada

Varicent is a provider of Smart SPM (sales performance management) cloud-enabled software for mid-market and enterprise companies in any industry. Its augmented intelligence-powered platform enables customers to quickly and easily see and address sales trends, problem areas, and opportunities, by predicting outcomes and prescribing actions to optimize revenue. Varicent pioneered incentive compensation and sales performance software helps customers manage highly complex compensation plans, territories and revenue goals. Varicent was founded in 2003 and is based in Toronto, Ontario.

Buy -
Mergr

Product

Company

Legal