M&A Deal Summary

Warburg Pincus Acquires WebPT

On August 27, 2019, private equity firm Warburg Pincus acquired information technology company WebPT from Battery Ventures

Acquisition Highlights
  • This is Warburg Pincus’ 32nd transaction in the Information Technology sector.
  • This is Warburg Pincus’ 196th transaction in the United States.
  • This is Warburg Pincus’ 5th transaction in Arizona.

M&A Deal Summary
Date 2019-08-27
Target WebPT
Sector Information Technology
Buyer(s) Warburg Pincus
Sellers(s) Battery Ventures
Deal Type Secondary Buyout
Advisor(s) Aeris Partners LLC (Financial)

Target

WebPT

Phoenix, Arizona, United States
WebPT is an EMR for physical therapists (PTs), occupational therapists (OTs) and speech-language pathologists (SLPs). Offering a simple, affordable solution, WebPT makes it easy for therapists to transition from paper and outdated software to a user-friendly, cloud-based system. With WebPT, therapists, directors and front office staff all have access to their patients’ medical records anywhere, anytime. WebPT was founded in 2006 and is based in Phoenix, Arizona.

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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 406 of 482
Sector (Information Technology) 32 of 43
Type (Secondary Buyout) 51 of 63
State (Arizona) 5 of 5
Country (United States) 196 of 237
Year (2019) 15 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Encora

Scottsdale, Arizona, United States

Encora is a global digital engineering services company specializing in software product development services for fast-growing enterprises and digitally native companies whose market position and growth are driven by proprietary software products. Encora is based in Scottsdale, Arizona.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.

DEAL STATS #
Overall 44 of 63
Sector (Information Technology) 4 of 9
Type (Secondary Buyout) 4 of 9
State (Arizona) 1 of 1
Country (United States) 38 of 51
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Forest2Market

Charlotte, North Carolina, United States

Forest2Market provides pricing data, supply chain expertise, and strategic consulting services to participants in the global wood and fiber supply chain. The Forest2Market's unique databases contain more than 400 million rows of transaction data; they are the foundation for all analytics available in the firm's business intelligence platform, SilvaStat360, as well as client resource studies and consulting engagements. Forest2Market was founded in 2000 and is headquartered in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Craftview

Frankfurt, Germany

Craftview provides business management software and mobile tools for SME craftsmen companies located primarily in Europe. Craftview is based in Frankfurt, Germany.

Buy -
Mergr

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