Investment Summary

WestView Capital Partners and TA Associates Invest In Alpha II

On November 29, 2016, private equity firms WestView Capital Partners and TA Associates invested in internet software and services company Alpha II

Investment Highlights
  • This is WestView Capital Partners’ 3rd and TA Associates’ 16th transaction in the Internet Software and Services sector.
  • This is WestView Capital Partners’ 31st and TA Associates’ 200th transaction in the United States.
  • This is WestView Capital Partners’ 2nd and TA Associates’ 13th transaction in Florida.

Investment Summary
Date 2016-11-29
Target Alpha II
Sector Internet Software and Services
Investor(s) WestView Capital Partners
TA Associates
Deal Type Growth Capital

Target

Alpha II

Tallahassee, Florida, United States
Alpha II is a provider of revenue cycle management software-as-a-service solutions focused on pre-submission claims editing/scrubbing, coding and billing accuracy, and quality reporting for both physicians and acute care providers. Alpha II is based in Tallahassee, Florida.

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Investor(S) 2

Investor

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 31 of 56
Sector (Internet Software and Services) 3 of 6
Type (Growth Capital) 13 of 29
State (Florida) 2 of 2
Country (United States) 31 of 56
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 Collaborative Solutions

Reston, Virginia, United States

Collaborative Solutions LLC is a global Finance and HR Transformation consultancy that leverages cloud solutions to help deliver successful outcomes for its customers. Collaborative Solutions has executed over 275 Workday Financial Management, HCM, and Payroll deployments for global Fortune 500 companies, medium-sized businesses, and education and government institutions. Collaborative Solutions was founded in 2003 and is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-27 Snow Companies

Williamsburg, Virginia, United States

Snow Companies LLC offers a full suite of healthcare marketing capabilities, focused on working directly with the patient community. Through its Patient Ambassador® programs, Snow was the first in the industry to bring its clients a dedicated, strategic, regulatory-compliant channel to have patients share their stories. The Company also offers industry award-winning video production as well as patient-centric call center services. The Company works with a wide variety of clients, including top pharmaceutical companies, cutting edge biotech companies and disease advocacy organizations.

Buy -
Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 250 of 364
Sector (Internet Software and Services) 16 of 26
Type (Growth Capital) 93 of 133
State (Florida) 13 of 17
Country (United States) 200 of 263
Year (2016) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-08 Prometheus Group

Raleigh, North Carolina, United States

Prometheus Group is a global provider of comprehensive and intuitive enterprise asset management software solutions specializing in improving the efficiency and effectiveness of maintenance planning, scheduling, and execution. Developed jointly with end users, Prometheus software enhances the customer experience with intuitive functionality, graphical visualization, and simple processes, enabling the company’s customers to increase productivity, reduce costs and improve reporting. Prometheus Group is based in Raleigh, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Fintech

Tampa, Florida, United States

Fintech is a provider of data, payment, and software solutions to the beverage alcohol industry. Fintech’s flagship product, OneSource, provides the beverage alcohol industry. OneSource connects alcohol distributors with retailers and replaces cash, check, and money orders, reducing errors and saving customers time and money. Fintech was founded in 1991 and is based in Tampa, Florida.

Buy -
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