M&A Deal Summary |
|
|---|---|
| Date | 2012-09-05 |
| Target | FleetOne |
| Sector | Financial Services |
| Buyer(s) | WEX |
| Sellers(s) |
LLR Partners
FTV Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 369M USD |
| Advisor(s) | Financial Technology Partners (Financial) Troutman Pepper Hamilton Sanders (Legal) |
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| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Information Technology |
| Employees | 5,300 |
| Revenue | 2.5B USD (2023) |
WEX is a global provider of payment processing and information management services. The Company primarily focuses on simplifying the complexities of payment systems across a wide range of sectors, including fleet, travel and healthcare. For the fleet industry, WEX offers fuel cards and vehicle maintenance solutions to help companies manage their fleets more efficiently. In the travel sector, WEX provides virtual payment solutions that enable travel agencies, corporate travel departments, and online travel providers to automate and manage payments to suppliers. For healthcare, WEX offers healthcare payment products and services that facilitate payments and transactions between patients, providers, and payers. WEX was formed in 1983 and is based in Portland, Maine.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 19 |
| Sector (Financial Services) | 2 of 3 |
| Type (Add-on Acquisition) | 6 of 14 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 4 of 12 |
| Year (2012) | 3 of 3 |
| Size (of disclosed) | 4 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-30 |
Unik S/A
Sao Paulo,, Brazil UNIK is a platform of benefits and financial services with complete and flexible solutions to meet the specific needs of each client. Today, the Company offers payroll cards, prepaid benefits cards, gift cards and cards for awards and social programs. Through UNIK Cards, users can access a wide range of services in a single card: shopping at supermarkets, drugstores and gas stations; bill payments; applying for insurance; emergency withdrawals from an ATM Network and signing up for medical and dental services, among others. |
Buy | $22M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-08 |
Exxon Mobil - Esso Card Program
United Kingdom Esso Card Program offers a commercial fleet fuel card program that includes operations, funding, pricing and sales and marketing services. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 76 |
| Sector (Financial Services) | 4 of 7 |
| Type (Add-on Acquisition) | 14 of 47 |
| State (Tennessee) | 1 of 3 |
| Country (United States) | 23 of 75 |
| Year (2012) | 3 of 3 |
| Size (of disclosed) | 3 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-09-04 |
Orbis Education Services
Carmel, Indiana, United States Orbis Education Services LLC is a healthcare education services provider striving to alleviate nursing workforce shortages through programs focused on academic quality and student preparedness. The company marries online education with onsite clinical application to create collaborative, customized solutions that help colleges, universities and healthcare systems expand their nursing programs. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-31 |
Alsbridge
Dallas, Texas, United States Alsbridge, Inc. is a consulting firm that provides data-driven benchmarking, outsourcing consulting and network advisory services for CIOs. It helps companies procure the most cost effective and value added sources globally for IT infrastructure services, network carrier services, hardware and software, application support and development, business processes and cloud services. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 6.2B USD |
| Size | Large |
| Type | Sector Agnostic |
FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 61 |
| Sector (Financial Services) | 4 of 12 |
| Type (Add-on Acquisition) | 14 of 39 |
| State (Tennessee) | 2 of 2 |
| Country (United States) | 21 of 54 |
| Year (2012) | 2 of 4 |
| Size (of disclosed) | 3 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-06-07 |
Shoutlet
Madison, Wisconsin, United States Shoutlet, Inc. is a cloud-based social marketing platform that empowers brands to build meaningful customer relationships that drive real value. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-16 |
Sensage
Redwood City, California, United States Sensage, Inc. is a provider of event data warehouse software and appliances for security, compliance and risk management, enabling sophisticated analytics at a massive scale and reduced cost. |
Sell | $15M |
