M&A Deal Summary

Welsh Carson Anderson & Stowe Acquires LINQ

On January 12, 2022, private equity firm Welsh Carson Anderson & Stowe acquired software company LINQ

Acquisition Highlights
  • This is Welsh Carson Anderson & Stowe’s 5th transaction in the Software sector.
  • This is Welsh Carson Anderson & Stowe’s 93rd transaction in the United States.
  • This is Welsh Carson Anderson & Stowe’s 7th transaction in North Carolina.

M&A Deal Summary
Date 2022-01-12
Target LINQ
Sector Software
Buyer(s) Welsh Carson Anderson & Stowe
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) William Blair (Financial)
Orrick (Legal)

Target

LINQ

Wilmington, North Carolina, United States
LINQ delivers a full suite of integrated solutions to help the K-12 community improve operational efficiency, optimize financial performance, maintain state regulations, and increase participation in nutritional programs. It offers solutions for finance, human resources, nutrition management, digital payments, school and district websites, custom forms including student registration, and document management. LINQ was formed in 1989 and is based in Wilmington, North Carolina.

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Buyer(S) 1

Buyer

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.

DEAL STATS #
Overall 98 of 103
Sector (Software) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 40 of 42
State (North Carolina) 7 of 7
Country (United States) 93 of 98
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Intoxalock

Des Moines, Iowa, United States

Intoxalock is a provider of ignition interlock devices, which are breathalyzers installed in vehicles to prevent ignition by intoxicated drivers. Intoxalock pioneered the development of fuel cell technology in IIDs, and continues to combat drunk driving with the most innovative solutions in the market. Intoxalock was founded in 1992 and is based in Des Moines, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 LIBERTY Dental Plan

Irvine, California, United States

LIBERTY Dental Plan is a dental benefits administrator currently administers dental benefits in all 50 states, including on behalf of 5.8 million Medicaid, Medicare Advantage, commercial, and exchange members. LIBERTY Dental Plan was founded in 2001 and is based in Irvine, California.

Buy -
Mergr

Product

Company

Legal