William Blair acted as the exclusive financial advisor to MDSL, a portfolio company of Sumeru Equity Partners (SEP), in connection with its pending sale to Oak Hill Capital Partners and planned merger with Calero Software. The transaction is subject to regulatory approval with an anticipated close date late Q4 2019 or early Q1 2020.
Transaction Highlights
- Trusted guidance: William Blair's transaction team was involved throughout each step of the process, including close collaboration with management and SEP in developing marketing materials, coordinating due diligence, and navigating M&A dynamics.
- Process and execution excellence: William Blair constructed and managed a high-touch and accelerated process with a focused group of potential strategic and financial acquirers, successfully positioning MDSL as a leader in recurring spend management with the superior product platform. The team produced a strong competitive dynamic and a strong outcome for MDSL's shareholders.
- Unmatched buyer relationships, access and insights: The team's highly relevant and recent transaction experience, with the most aggressive strategic and financial acquirers enabled William Blair to provide insightful intelligence, skilled M&A process strategy, and a deep understanding of buyer priorities.
About the Companies
MDSL is a provider of technology expense management solutions, market data management, and partners with enterprises to provide clarity, control, compliance, and cost savings across its global technology estates. MDSL provides a unified expense management platform encompassing categories such as telecoms, cloud services, the internet of things, and financial market data management.
Sumeru Equity Partners is a technology-focused private equity firm that invests in middle market companies across software, technology-enabled services and hardware. The firm employs a growth-oriented partnership model with technology companies and typically invests $25-200 million per transaction. The firm was founded in 2014 by an experienced team from Silver Lake Sumeru, a private equity fund started in 2007 within Silver Lake.
Oak Hill Capital is a private equity firm managing funds with approximately $15 billion of initial capital commitments and co-investments since inception. Over the past 33 years, Oak Hill Capital and its predecessors have invested in over 90 private equity transactions across broad segments of the U.S. and global economies. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Consumer, Retail & Distribution; Industrials; Media & Communications; and Services.
Calero Software is a provider of communications and cloud lifecycle management (CLM) solutions designed to turn communication data into actionable insight by simplifying the management of voice, mobile and other unified communications services and assets. Calero's CLM approach enables organizations to support the full communications lifecycle, from procurement to payment, including software and services that aid telecom expense management (TEM), managed mobility services (MMS) and usage management.