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William Blair Advises PowerPlan on its Sale to Thoma Bravo

Tuesday, February 24, 2015

PowerPlan, Inc.

William Blair & Company acted as the exclusive financial advisor to PowerPlan, Inc., a portfolio company of JMI Equity and TPG Growth, in connection with its sale to Thoma Bravo. The transaction closed on February 23, 2015.

Transaction Highlights

  • Strong interest in market leaders:  William Blair positioned PowerPlan as the only enterprise software vendor capable of helping asset-centric businesses (e.g., utilities and oil and gas pipelines) optimize financial performance of fixed assets. As the undisputed leader in a market with high barriers to entry and a strong growth profile, PowerPlan commanded strong interest from both private equity investors and strategic acquirers.
  • Execution excellence:  William Blair leveraged the high level of interest to coordinate an extremely competitive and efficient process. William Blair drove the process from launch in late November to signing in late January, resulting in a highly successful outcome for JMI and TPG in just over two months.
  • Trusted guidance:  William Blair’s senior deal team was integrally involved in each step of the transaction process and provided valuable guidance to PowerPlan’s board of directors.

About the Companies

PowerPlan, Inc. is an enterprise software company devoted to helping asset-centric businesses in the utilities, oil and gas, transportation, telecommunications, and mining industries optimize their financial performance. PowerPlan combines purpose-built software for asset-centric accounting, tax, and budgeting/analytics with domain expertise to help executives generate cash, mitigate compliance risk, and enable a culture of cost management. The world’s most demanding asset-intensive companies trust PowerPlan to manage more than $2.3 trillion in assets today.

JMI is a growth equity firm focused on investing in leading software and technology-enabled services companies. The firm has invested in over 110 companies, helping many of these businesses become industry leaders. JMI partners with entrepreneurs to build market-leading businesses, providing advice, guidance, and connections to the JMI network. More than 65 of its portfolio companies have achieved successful outcomes, including sales to strategic acquirers or initial public offerings.

TPG Growth invests in a broad range of industries including consumer, retail, technology, Internet, healthcare, energy, cleantech and renewables, transportation, industrials, and business services. TPG Growth uses a broad range of investment structures including leverage buyouts, growth equity, and private investment in public equities (PIPEs). TPG Growth has raised $4 billion of committed capital.

Thoma Bravo is a leading private equity investment firm building on a 30-year-plus history of providing equity and strategic support to experienced management teams and growing companies. Thoma Bravo invests with a particular focus on application and infrastructure software and technology-enabled services. The firm currently manages a series of private equity funds representing more than $7.5 billion of equity commitments.

William Blair’s Momentum in the Software Sector Continues in 2015

After completing 14 enterprise software M&A transactions representing $3.6 billion in total transaction value in 2014, William Blair’s momentum has continued in early 2015 with 3 transactions signed and/or closed year-to-date as of February 23, 2015. During the past 18 months, William Blair served as financial advisor to numerous highly recognized market leaders in enterprise software as evidenced by the transactions below.

Selected Transactions

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