William Blair acted as financial advisor to Beeline, a portfolio company of GTCR, in connection with its pending sale to New Mountain Capital. The transaction was announced on July 26, 2018, and is expected to close in August 2018, following customary regulatory approvals.
Transaction Highlights
- Deep HR technology industry expertise: Beeline was attracted to William Blair’s extensive experience advising leading HR technology and software companies and strong relationships with–and insight into–the most likely strategic and financial acquirers.
- Premier technology M&A advisor: William Blair has completed more than 150 technology M&A transactions since 2012, representing over $100 billion in total transaction value. Beeline represents the 26th technology M&A transaction signed or closed in 2018.
- Creative, successful positioning: William Blair articulated Beeline’s unique position following the recent merger of Beeline and IQNavigator, creating a powerful platform for growth in the global talent management market.
About the Companies
Beeline, founded in 1999, is the world’s largest independent provider of cloud-based vendor management solutions. Beeline’s enterprise-grade, end-to-end sourcing, workflow, and decision-optimization platform allows employers to effectively manage their extended workforce. Beeline enables procurement, finance, and human resource professionals to optimize costs, manage complex regulatory and compliance risks as well as gain actionable, real-time business intelligence into their non-employee workforce programs. Beeline has offices across North America, Europe, Asia, and the Pacific.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the financial services and technology, healthcare, technology, media and telecommunications, and growth business services industries. The Chicago-based firm pioneered The Leaders Strategy™—finding and partnering with management leaders in core domains to identify, acquire, and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $15 billion in over 200 companies.
New Mountain Capital is a New York-based investment firm that emphasizes business building and non-cyclical growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $20 billion in assets under management. New Mountain seeks out what it believes to be the highest-quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.
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