M&A Deal Summary

WestView Capital Partners and Yukon Partners Acquire RSi

On October 4, 2019, private equity firm WestView Capital Partners and mezzanine finance firm Yukon Partners acquired information technology company RSi

Acquisition Highlights
  • This is WestView Capital Partners’ 11th and Yukon Partners’ 2nd transaction in the Information Technology sector.
  • This is WestView Capital Partners’ 42nd and Yukon Partners’ 41st transaction in the United States.
  • This is WestView Capital Partners’ 3rd and Yukon Partners’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2019-10-04
Target RSi
Sector Information Technology
Buyer(s) WestView Capital Partners
Yukon Partners
Deal Type Recapitalization
Advisor(s) Bowstring Advisors (Financial)
Nelson Mullins Riley & Scarborough (Legal)

Target

RSi

Columbia, South Carolina, United States
RSi is a provider of revenue cycle management services to hospitals and health systems. Through its client-focused culture, RSi delivers accounts receivable management and revenue cycle outsourcing services to accelerate provider cash flow, improve operating efficiencies and enhance profitability without sacrificing patient experience. RSi solutions span the full RCM continuum, providing both point solutions to address specific client challenges and full end-to-end RCM outsourcing. RSi was founded in 1999 and is headquartered in Columbia, South Carolina.

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Buyer(S) 2

Buyer

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 42 of 56
Sector (Information Technology) 11 of 15
Type (Recapitalization) 11 of 15
State (South Carolina) 3 of 3
Country (United States) 42 of 56
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 Veriato

Vero Beach, Florida, United States

Veriato develops, markets and supports PC and Internet monitoring and surveillance products for business, education, government, and home users, including Spector Pro, eBlaster, Spector for Mac, Spector CNE Investigator and Spector 360. Veriato was formed in 1998 and is based in Vero Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 Unified Patents

Chevy Chase, Maryland, United States

Unified Patents is an international membership organization that seeks to improve patent quality and deter unsubstantiated or invalid patent assertions in defined technology sectors through its activities. Its actions are focused broadly in technology areas or “zones” with substantial assertions by standard essential patent holders and/or non-practicing entities. These actions may include analytics, prior art, invalidity contests, patentability analysis, administrative patent review (PTAB), amicus briefs, economic surveys, and essentiality studies. Unified Patents works independently of its members to achieve its deterrence goals. Unified Patents was founded in 2012 and is based in Chevy Chase, Maryland.

Buy -
Buyer

Yukon Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2008
PE ASSETS 640M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 42 of 54
Sector (Information Technology) 2 of 2
Type (Recapitalization) 6 of 6
State (South Carolina) 1 of 1
Country (United States) 41 of 53
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 GCM Holding

Union, California, United States

GCM Holding is a manufacturer of low-to-medium volume, mission-critical precision machined components and assemblies. Based near Chicago’s O’Hare airport, the Company serves large, market customers in the energy, medical equipment, scientific laboratory, and industrial end markets. GCM Holding was founded in 1978 and is based in Union, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 Spring Dental

Tulsa, Oklahoma, United States

Spring Dental is a dental service organization (“DSO”) that provides general and specialty dental services through its network of 30 clinics in Oklahoma, Arkansas, and Missouri. Spring Dental is based in Tulsa, Oklahoma.

Buy -
Mergr

Product

Company

Legal