M&A Deal Summary

True Wind Capital and TA Associates Acquire LeadVenture

On June 21, 2017, private equity firms True Wind Capital and TA Associates acquired internet software and services company LeadVenture for 140M USD

Acquisition Highlights
  • This is True Wind Capital’s 1st and TA Associates’ 18th transaction in the Internet Software and Services sector.
  • This is True Wind Capital’s and TA Associates’ 18th largest (disclosed) transaction.
  • This is True Wind Capital’s 2nd and TA Associates’ 210th transaction in the United States.
  • This is True Wind Capital’s 1st and TA Associates’ 2nd transaction in Oregon.

M&A Deal Summary
Date 2017-06-21
Target LeadVenture
Sector Internet Software and Services
Buyer(s) True Wind Capital
TA Associates
Deal Type Going Private
Deal Value 140M USD
Advisor(s) Pacific Crest Securities, Inc.
Houlihan Lokey (Financial)
Godfrey & Kahn S.C. (Legal)

Target

LeadVenture

Lake Oswego, Oregon, United States
website
LeadVenture provides a suite of software tools serving dealers in industries such as powersports, RV, marine, independent automotive, tire and wheel, outdoor power equipment and others. Its solutions include full digital storefront solutions as well as electronic catalogue, dealer management software and data as a service. LeadVenture is based in Lake Oswego, Oregon.

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Buyer(S) 2

Buyer

True Wind Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2015
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

True Wind Capital Management LLC is a private investment firm focused on technology companies. True Wind pursues a variety of transaction types across all company stages, including management buyouts, growth financings, stake purchases, and venture. True Wind Capital Management was formed in 2015 and is based in San Francisco, California.

DEAL STATS #
Overall 2 of 12
Sector (Internet Software and Services) 1 of 1
Type (Going Private) 1 of 1
State (Oregon) 1 of 1
Country (United States) 2 of 11
Year (2017) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 The Switch

Osterville, Massachusetts, United States

The Switch has been connecting viewers around the world to live events by bringing them the content they want across linear TV, on-demand, and streaming platforms – on multiple screens and devices. The company's comprehensive production platform combines mobile and remote services to enable its customers to cost-effectively capture, edit and package compelling, high-quality live coverage. Its delivery network connects production facilities with 800+ of the world's largest content producers, distributors, and sports and event venues, seamlessly linking rights holders, broadcasters, streaming platforms, media outlets, and web services – and turning-on live content across the world. The Switch was formed in 1991 and is based in Osterville, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 Envoy Global

Chicago, Illinois, United States

Envoy Global is an immigration services provider. Envoy combines expert legal representation – for both inbound and outbound immigration – and proprietary technology, making it seamless for companies to hire and operate an international workforce. Envoy Global was founded in 1998 and is based in Chicago, Illinois.

Buy -
Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

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 266 of 360
Sector (Internet Software and Services) 18 of 24
Type (Going Private) 3 of 4
State (Oregon) 2 of 2
Country (United States) 210 of 261
Year (2017) 16 of 23
Size (of disclosed) 18 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-07 Riskonnect

Kennesaw, Georgia, United States

Riskonnect is a provider of integrated risk management software. The Company develops and markets a suite of software solutions on a cloud computing model, helping clients elevate their risk management programs, safety solutions, and programs for the management of risks across the enterprise. It provides the risk management industry with the configurable solutions needed to reduce losses, control risk, and affect shareholder value. Riskonnect was founded in 2007 and is based in Kennesaw, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-13 Senior Whole Health

Cambridge, Massachusetts, United States

Senior Whole Health LLC is a privately-held company offering intensive, integrated case management services for Medicare/Medicaid dual eligibles and Medicare Part D. Senior Whole Health was founded in 2004 and is based in Cambridge, Massachusetts.

Sell -
Mergr

Product

Company

Legal