Partners Group’s Post

Blackstone, an American alternative investment management company, agreed to acquire Civica, a provider of cloud software solutions, from Partners Group, a private equity firm. Financial terms were not disclosed. "At Civica, our aspiration is to be a 'GovTech' champion, providing software that supports the needs of citizens and those that serve them. In partnership with Partners Group, we have significantly transformed our offering and increased growth momentum across cloud, digital enablement, software innovation, and data analytics. We have also cemented our position as an innovation leader. We now have over two decades of growth to build on and look forward to the next phase of our journey," Lee Perkins, Civica CEO. Civica is advised by Arma Partners, Wyvern Partners and Travers Smith. Blackstone Group (led by Jonathan Murphy) is advised by Barclays and DC Advisory. Partners Group (led by Dave Layton) is advised by Arma Partners and Clifford Chance. #MergersAcquisitionsDivestitures #PrivateEquity #Investing

Nasuni’s success to date includes award-winning technology, top decile customer retention rates, industry leading NPS scores, and a consistent 30% growth rate in a rapidly expanding market. 👏   We can now proudly add a strategic growth investment by global investment firm Vista Equity Partners to that list! 🎉   Learn more about our $1.2 billion valuation, and why our platform is used by over 850 companies spanning 70 countries, in Nasuni’s blog below. #Nasuni #HybridCloud #CompanyGrowth #VistaEquity #IT

🙌 Wow! What an evening we had at the London Private Equity Drinks event! Last night we were joined by c.70 PE/LP professionals from across the industry. 😍 It was so great to see attendees from CVC Capital Partners, Hg, Five Arrows Principal Investments, Terra Firma Capital Partners, Duke Street, MidEuropa, Ontario Teachers' Pension Plan, Synova, Foresight Group, Volpi Capital, Triple Point, Silver Lake, LetterOne, Apax, capital D and many many more. Finally, a HUGE thank you to our incredible partners. Who without them this wouldn't be possible! 1) Marvin Fletcher Rogers from Sage – Sage supports scaling midsize technology companies with its cloud-native platform, Sage Intacct, providing a complete tech stack across subscriptions, global financials, and reporting. This provides relevant real-time consolidated financial and operational (SaaS) metrics to management teams, the board, and investors at every stage of venture growth. 2) Chrissie Jamieson from Gain.pro - Gain.Pro is a B2B SaaS platform that enables everyone who wants to find, understand and track companies that matter to them. Through a unique blend of artificial and human intelligence, we provide deep insight into private companies, their owners and markets. 3) Matt from Bytes Software Services - Bytes is a leading provider of world-class IT solutions. Their growing portfolio of services includes cloud, security, licensing, SAM, storage, virtualisation and managed services. Thanks to their passionate people and close partnerships, we’ve helped hundreds of top brands to transform, grow and adapt to the changing technology landscape. See you next time!

Big potential M&A deal in the #sustainability software market. Report: #PrivateEquity firm Thoma Bravo has hired Goldman Sachs to help potentially sell Cority for about $2B. Target valuation is roughly 20X 12-month #EBITDA, report from Reuters said. Cority, founded in 1985, is based in Toronto, Ontario, Canada. The company develops #EHS and sustainability software. Cority has more than 600 employees, 1,500 customers and 2 million-plus end users across roughly 120 countries, according to the company's website. The business has 888 employees listed on LinkedIn as of August 2024, though we don't know a specific headcount figure. Cority's core SaaS solutions include Health Cloud, Safety Cloud, Sustainability Cloud, Environmental Cloud, Quality Cloud and Analytics Cloud. Key channel partners include Booz Allen Hamilton, ERM and Trinity Consultants, among many others. Under Thoma Bravo's ownership, Cority has acquired multiple sustainability-focused software companies -- such as Greenstone, WeSustain & Reporting21. Read the complete story: https://lnkd.in/ebsEjmDs #SaaS #Cloud #MergersAndAcquisitions #PrivateEquity #Unicorns #ThomaBravo #Cority #GoldmanSachs

We are thrilled to be shortlisted for Private Equity International’s 2023 Growth Equity Firm of the Year award! This recognition highlights our continued commitment to partnering with category-leading, profitable growth companies across our sectors of focus. Voting is now open until January 5th – cast your vote today at: https://lnkd.in/gmWDriHu #growthequity #pei #TheSummitPartnersNetwork Summit Partners provided information through Private Equity International’s nomination form. Nominations for Private Equity International’s Growth Equity Firm of the Year award are determined based on the conferring party’s evaluation of the nominee’s activity over the preceding 12 months.  References herein to any nomination for an “award,” “rating,” or “certification” by third-party sources should not be construed or relied upon as an indication of future outcomes for such portfolio companies. Furthermore, the potential receipt of any award by Summit is no assurance that Summit’s investment objectives have been achieved or successful. Further, such nominations are not, and should not be deemed to be, a recommendation or evaluation of Summit’s alternative asset management business. The inclusion of any third-party firm and/or company names, brands, and/or logos does not imply any affiliation with these firms or companies. None of these firms or companies have endorsed Summit, Summit’s employees, Summit’s portfolio companies, or any of their respective affiliates.

Massive software news with Civica being acquired by Blackstone from Partners Group! Transaction Overview: Blackstone's private equity funds are leading the acquisition of Civica. The financial terms of the transaction have not been disclosed. Civica Background: Founded in 2001, Civica has evolved into one of the UK's major software companies. Specializes in providing automated and streamlined technology services to diverse clients, including local and central governments, health and social care providers, and educational institutions. Product Portfolio: Civica offers a comprehensive product portfolio, covering workflow and automation, risk and compliance, workforce management, financial management, and data analytics and insights. Global Presence: Civica serves over 6,000 customers, impacting more than 100 million citizens globally. Operations span across the UK, Ireland, Australia, New Zealand, India, Singapore, the United States, and Canada. Transaction Timeline: The acquisition is projected to conclude in Q2 2024, pending regulatory approvals. Read the article in the comments 👇 #saas #softwareasaservice #technology Camino Search

So true! And the #governance model is well structured for #activeownership and protection for smaller investors - the necessarily building block for a healthy stock market.

Interesting to note the emerging role that best practice advisory structures are playing to support governance ecosystems, not just here in Australia but across the globe. Forward-thinking and risk-alert organisations are tackling the gritty elements of strategy by road-testing and scenario-planning at a safe and tactical level with independent expert advisory boards, BEFORE taking a more informed proposition to their governance Board - you could say that is simply smart business. #advisoryboards #practicaladvice #governanceecosystem

What a year! 2023 has been an incredibly challenging and exciting year. I am now back home in Brazil, looking back at all of what I have overcome and feeling grateful for the opportunities and for the amazing people who crossed my path. I am very proud of having developed our c-suite and boards practice alongside our amazing team at Camino Search. Ever since we have embarked on this adventure, we have achieved so many cool things! 🏆 We have placed exciting c-suite mandates for high performing private equity backed software businesses across Europe and the US ✨ We have hosted a Women in Investment event which brought together incredible investors and finance executives to discuss resilience and how can we make the investment space more inclusive 📽 We have created a series on LinkedIn about the board practice and what to look out for on the search for the perfect NED for your business 🎯 We have met with outstanding senior candidates who successfully grew businesses within the tech space and have built a strong pipeline for our clients 🤝 We have advised our clients and worked alongside them to support building their high performance teams Due to the success of these first months, we have ambitious plans for the new year. Lots more interesting content and projects to be expected. If you are looking for your next game changing CEO or non executive board executive, let's book a coffee on the new year! #csuite #boardofdirectors #privateequity #venturecapital #tech #investment #executivesearch

Great rundown on IPO readiness from Deloitte, with translatable takeaways for private/public-aspiring biotechs: "Getting your house in order" means... * Implement key systems * Streamline the close process * Make sure company forecasts and projections are bulletproof The life science sector's R&D intensity has increased. Investment in clinical trials is highly 3rd party outsourced, financially material, complex and vulnerable to kinetic change. Great point of consideration for private companies to aim for a bulletproof forecast on this large line item! https://lnkd.in/eJyxVTYH