The Capitalization Report v210519
Editor: JD M and Will E
Topic: PE Software Deals
TOP DEALS (PE SOFTWARE)
RealPage: Thoma Bravo acquired and took private RealPage, a Richardson, Tx.-based provider of software and data analytics, for about $10.2 billion. (Disclosure: Our 100% owner, Red Hook Capital, in The Capitalization Report has been advisor to Thoma Bravo) PRESS RELEASE URL: https://www.businesswire.com/news/home/20210422005682/en/Thoma-Bravo-Completes-Acquisition-of-RealPage
Fenergo, an Ireland-based digital enabler of client and regulatory technology for financial services, raised $80 million. DXC led the round and was joined by the venture arm of Dutch bank ABN Amro.
Kajabi, an Irvine, Calif.-based e-commerce platform for entrepreneurs in the knowledge economy, raised $550m in growth equity financing that values the company at over $2 billion
DoubleVerify, launched Initial Public Offering
VALUATION (RealPage)
Upon the completion of the acquisition, RealPage shareholders were entitled to receive $88.75 in cash per share. The price per share represents a 30.8 percent premium to the company’s closing share price of $67.83 on December 18, 2020, and a premium of 36.5 percent over RealPage’s 30-day volume-weighted average share price through December 18, 2020. With the completion of the acquisition, RealPage becomes a privately-held company, and its common stock ceased trading and will no longer be listed on the Nasdaq stock exchange.
LEADERSHIP (CEO RealPage)
Mr. Stephen Winn is the Founder and serves as Chairman of the Board & Chief Executive Officer at RealPage. He has served as RealPage chief executive officer, chairman of the board, and a member of our board of directors since November 1998. Prior to RealPage, Mr. Winn served in various executive positions, including president of Research Institute of America, a provider of information services to the accounting industry and a wholly owned subsidiary of Thomson Reuters Corporation, and president and chief executive officer of Computer Language Research Inc., a publicly traded company focused on tax compliance, tax research and accounting software, which was acquired by Thomson Reuters Corporation. Mr. Winn was one of five people recognized by the National Apartment Association as a leader in the multifamily industry. Accounting Today recognized him as one of the 100 most influential people. In June 2012, Mr. Winn was an Ernst & Young Entrepreneur of the Year 2012 Southwest Area North Award recipient. He is an active member of the National Apartment Association and National Multifamily Housing Council. Mr. Winn received his Bachelor of Science in electrical engineering from the University of Texas at Austin and his Master of Science in management from Stanford University.
OTHER DEALS (PE SOFTWARE DEALS MONEY RAISED TO DATE IN MILLIONS)
| RealPage | 590.13 |
| Fenergo | 181.38 |
| Kajabi | 550 |
| Redwood Software | 379.37 |
| DoubleVerify (NYS: DV) | 582.94 |
| Arrive Logistics | 335.05 |
| Vena Solutions | 476 |
| CivicPlus | 290 |
| Octopus Deploy | 174.5 |
| Axtria | 213.64 |
| Empyrean Solutions | 74 |
| Basis Technologies | 25 |
| ValGenesis | 24 |
| Choozle | 29.81 |
| Innoveo Solutions | 15 |
| TeraGo (TSE: TGO) | 90.85 |
| Buildings IOT | 10 |
| Copysmith Artificial Intelligence | 10 |
| SkyFii (ASX: SKF) | 18.89 |
| PikMyKid | 9.82 |
| Impero (CSE: IMPERO) | 6.38 |
| Cortex Building Intelligence | 11.13 |
| Ndustrial | 7.7 |
| Skynamo | 2.01 |
| Kneat (TSX: KSI) | 11.61 |
| 21 Labs | |
| 9Fold | |
| ABBYY | 100 |
| Aras | 135.33 |
| ARCOS | |
| ArisGlobal | 1.33 |
| Aspect Software (Massachusetts) | |
| Aspira | 180.17 |
| AvSight | |
| Bold360 | |
| Byggnet | |
| Calabrio | 27.56 |
| Cash Calc | |
| Contract Room | 2.52 |
| Deyde | |
| Education Advanced | |
| First Degree Systems | |
| G-Forces | |
| Harver | 35.04 |
| Hello Soda | 7.27 |
| Iprocedures | |
| IXN | |
| Javelin Technologies | |
| JazzHR | 24.63 |
| JoinedUp | |
| Kenect | 1.3 |
| Lizard Brain | |
| M2M In Motion | |
| Machine Discovery | 2.24 |
| MetaPort | |
| Mission Communications | |
| Mitratech Holdings | |
| MobiChord | 6.5 |
| MSite | 3.95 |
| MyLife Digital | |
| Nexant | 55 |
| Noble Systems | 18.5 |
| Onaya | |
| OneLook Systems | |
| Opus 2 International | |
| PM El-Beregning | |
| Posti Messaging Scandinavia | |
| PRICE Systems | |
| Radiant Logic | |
| ReBound Returns | |
| Satuit Technologies | |
| Script (Florida) | 3.65 |
| SeeUnity | |
| Sell & Sign | |
| Skyhost | |
| Software Development Europe | |
| Sovendus | |
| Spotzer | 18.39 |
| Stackify | 10.37 |
| Storm Commerce | 2.4 |
| Time Data Security | |
| Upward.net | |
| Vanilla | 0.66 |
| Viralspace | 1.7 |
| Whiterock AI | |
| Xexec | |
| Xyleme | 23.97 |
| Yourkeys | 5.21 |
