William Blair acted as the exclusive financial advisor to Command Alkon (Command), a portfolio company of Quilvest Private Equity (Quilvest), in connection with its pending sale to Thoma Bravo. The transaction is subject to regulatory approval with an anticipated close date of Q2 2020.
Transaction Highlights
- Deep sector expertise: Command and Quilvest were attracted to William Blair’s extensive knowledge of, and experience in, the construction and supply chain software ecosystems. This expertise allowed the William Blair team to effectively position Command in a way that resonated powerfully with prospective buyers.
- Trusted advisor over the long term: William Blair provided informal advice to Quilvest on Command Alkon for almost a decade leading up to the proposed transaction. This included input on a variety of topics including SaaS KPIs, exit readiness, potential acquirers, M&A market intelligence, and leveraged recapitalizations.
- Process and execution excellence: William Blair constructed and managed a high-touch and competitive process through the ability to take a large volume of potential buyers through final diligence, successfully positioning Command as the leader in the heavy building materials software industry. The team’s tactics ensured a strong competitive dynamic throughout the process, delivering an exceptional result for the Command team and Quilvest.
- Unmatched buyer relationships, access and insights: The team’s highly relevant and recent transaction experience with the most aggressive strategic and financial acquirers enabled William Blair to provide insightful intelligence, skilled M&A process strategy, and a deep understanding of buyer’s priorities even during turbulent market conditions.
About the Companies
Command Alkon is the supplier collaboration platform for construction’s heavy work, and dramatically improves how contractors, bulk material suppliers, logistics providers, jobsite inspectors, project owners, and more interact. Command’s see together, work together, and grow together capabilities deliver increased productivity, real-time visibility, keen business insights, and certainty of outcomes when building the things that matter. For over 40 years, Command’s people, software and technology have empowered customers to achieve greater levels of quality and profitability across their projects and operations.
Quilvest Private Equity offers sophisticated independent, and global private equity and real estate investments to family offices and institutions around the world. During the past decades, Quilvest Private Equity has invested more than $5 billion in over 300 private equity and real estate funds and 150 direct investments and remains dedicated to leveraging the experience, insights, and resources of the Quilvest Group to achieve superior returns.
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $35 billion in capital commitments, Thoma Bravo partners with a company's management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business.
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