William Blair is acting as the exclusive financial advisor to TriTech Software Systems, a portfolio company of Insight Venture Partners, in connection with its pending recapitalization by Bain Capital Private Equity. The transaction is subject to regulatory approval with an anticipated close date in June 2018.
Transaction Highlights
- Deep sector expertise: TriTech Software Systems and Insight Venture Partners were attracted to William Blair's extensive knowledge and experience advising public safety software companies, strong transaction record, and relationships with the most likely strategic and financial acquirers.
- Long-standing relationship and trusted guidance: Having served as TriTech's exclusive financial advisor during the 2014 sale to Insight Venture Partners, William Blair leveraged strong familiarity with the business to generate unique positioning insights. The transaction team delivered an exceptional outcome for the second time, deepening William Blair's relationship with Insight Venture Partners and reaffirming a powerful sense of partnership and trust.
- Process and execution excellence: TriTech's market leadership, strong financial profile, and compelling growth opportunities commanded strong interest from both private equity investors and strategic acquirers. William Blair's deal team was integrally involved throughout the transaction, providing guidance on M&A process strategy and valuation, coordinating due diligence with multiple parties, and negotiating favorable contract terms.
About the Companies
TriTech leads the way as the undisputed industry leader with software that covers every facet within the incident-response workflow, including 9-1-1, computer-aided dispatch, field-based reporting, records management, jail management, analytics and intelligence, patient care reporting, and ambulance billing software. Providing customers with unmatched satisfaction levels and delivering innovative solutions has made TriTech the most trusted partner in public safety software.
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $18 billion and invested in over 300 companies worldwide. Its mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across its people and its portfolio, it encourages a culture around a core belief: growth equals opportunity.
Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity's global team of approximately 220 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media, and telecommunications. Bain Capital has 19 offices on four continents. The firm has made primary or add-on investments in more than 760 companies since its inception. In addition to private equity, Bain Capital invests across asset classes including credit, public equity, and venture capital, managing approximately $95 billion in total and leveraging the firm's shared platform to capture opportunities in strategic areas of focus.