William Blair acted as the exclusive financial advisor to Guestline, a portfolio company of the Riverside Company, in connection with its acquisition by The Access Group, a portfolio company of Hg Capital, TA Associates, and GIC. The transaction closed on July 7, 2023.
About the Companies
Guestline delivers proprietary hospitality software via the cloud, serving a broad customer base of leading independent hotels, multi-property groups and regional chains across Europe and Asia. The company’s range of products cover all areas of hospitality and hotel management, including property management software, channel management, direct booking management, electronic point-of-sale systems and payment facilitation.
The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 970 investments. The firm's international private equity and structured capital portfolios include more than 150 companies. Riverside Europe is an integral part of the firm’s broad global network and has invested in Europe since 1989. The Riverside Company believes a truly global presence provides exceptional insight into local conditions, culture, and business practices, making team members better investors and business partners.
The Access Group is one of the largest UK-based providers of business management software to small- and mid-sized organizations in the UK, Ireland, and Asia Pacific. It helps more than 75,000 customers across commercial and non-profit sectors become more productive and efficient. Its innovative Access Workspace cloud solutions transform the way business software is used, giving every employee the freedom to do more of what’s important to them. Founded in 1991, The Access Group employs approximately 6,300 people.
Hg Capital is one of the world’s leading software and services investors, with offices in London, Munich, New York, Paris, and San Francisco. Hg’s employees and $65bn in funds under management support a portfolio of more than 45 businesses, worth over $120 billion aggregate enterprise value.
TA Associates is a leading global private equity firm focused on scaling growth in profitable companies. The firm’s dedicated investment team specializes in five target industries – technology, financial services, healthcare, consumer, and business services.
GIC is a global long-term investor established in 1981 to manage Singapore's foreign reserves. GIC is invested in more than 40 countries worldwide across a variety of sectors.
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