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T2 Systems Has Been Acquired by Thoma Bravo

Thursday, September 29, 2016


William Blair acted as exclusive financial advisor to T2 Systems, a portfolio company of Pamlico Capital, in connection with its acquisition by Thoma Bravo. The transaction closed on September 28, 2016.

Transaction Highlights

  • Deep relationships and industry expertise: T2 Systems and Pamlico were attracted to William Blair’s deep sector knowledge, highly relevant transaction experience, and access to strategic and financial acquirers worldwide.
  • Process and execution excellence: William Blair’s transaction team designed a customized marketing process that included both strategic and financial buyers, resulting in a strong competitive dynamic and accelerated timeline to signing.
  • Continued momentum in software M&A activity: Over the last two years, William Blair has completed more than 25 software M&A transactions, representing over $7 billion in total transaction value. T2 Systems represents the ninth software M&A transaction signed and/or closed year-to-date.

About the Companies

Started in 1994, T2 Systems is a technology-focused parking systems provider with deep roots in the evolving parking industry. This commitment is evident in T2’s quality products and services, thought leadership, and strong customer relationships. The company’s unified parking management and payment solutions provided under the T2 and Digital brands are in use by over 1,100 organizations across the United States and Canada, including universities, cities, towns, hospitals, and parking operators. T2 has offices in Indianapolis and Vancouver, and virtual offices throughout North America.

Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle-market companies in the United States. Pamlico Capital seeks control-oriented growth equity and buyout investments of up to $100 million alongside proven management teams in its target industries: business and technology services, communications, and healthcare. Since inception, the firm, based in Charlotte, North Carolina, has invested over $2.5 billion.

Thoma Bravo is a leading private equity investment firm building on a 30 plus year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives, and make accretive acquisitions. 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 $9 billion of equity commitments.

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