William Blair acted as exclusive financial advisor to Trintech, Inc., a portfolio company of Vista Equity Partners and Spectrum Equity, in connection with its sale to Summit Partners. Vista and Trintech management will retain a minority stake in the company. The transaction closed on December 29, 2017, and exemplifies William Blair’s continued market leadership in the software and financial technology sectors.
Transaction Highlights
- Continued momentum and leadership in software M&A: William Blair has completed more than 35 software M&A transactions since 2015, representing more than $17.2 billion in total transaction value. Trintech represents the 17th software M&A transaction signed and/or closed in 2017.
- Deep financial technology expertise: Trintech and Vista recognized William Blair’s extensive knowledge and experience in the financial technology sector with 14 closed transactions in 2017.
- Process and execution excellence: William Blair constructed and managed a highly efficient custom process with a targeted group of potential financial acquirers. William Blair was integrally involved throughout each step of the transaction, including creation of key marketing materials, coordinating due diligence efforts, and providing valuable guidance to Trintech and Vista.
About the Companies
Trintech, Inc. pioneered the development of financial corporate performance management software to optimize the record–to-report process. Trintech’s portfolio of financial solutions, including Cadency®, Trintech Disclosure Management®, ReconNET™, and T-Recs®, help manage all aspects of the financial close process. Over 1,700 clients worldwide, including the majority of the Fortune 100, rely on Trintech’s cloud-based software to increase efficiency, reduce costs, and improve governance and transparency across global financial organizations.
Summit Partners is a global alternative investment firm that is currently managing more than $15 billion in capital dedicated to growth equity, fixed income, and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 460 companies in healthcare, technology, and other growth industries. These companies have completed more than 140 public equity offerings, and more than 180 have been acquired through strategic mergers and sales.
Vista Equity Partners, a U.S.-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland with more than $30 billion in cumulative capital commitments, currently invests in software, data, and technology-enabled organizations led by world-class management teams with long-term perspectives. Vista is a value-added investor, contributing professional expertise and multi-level support toward companies’ realization of their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing.
Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy. For more than 20 years, the firm has partnered with proven entrepreneurs and management teams to build long-term value in market-leading software, information services, and internet companies.
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