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Confirmation Has Agreed to be Acquired by Thomson Reuters

Friday, June 21, 2019

Confirmation, a portfolio company of Great Hill Partners, has agreed to be acquired by Thomson Reuters

William Blair acted as exclusive financial advisor to Confirmation, a portfolio company of Great Hill Partners, in connection with its pending sale to Thomson Reuters.

Transaction Highlights

  • Unmatched industry knowledge and buyer relationships: Confirmation and Great Hill recognized William Blair's extensive domain expertise, buyer relationships, and track record of advising industry-leading companies, including highly relevant transaction experience serving financial technology, risk management, and vertically oriented software businesses.
  • M&A process excellence: William Blair was integrally involved throughout each step of the transaction process, collaborating closely with management in developing marketing materials, coordinating due diligence, and thoughtfully determining process strategy and tactics.
  • Positioning expertise: William Blair's transaction team effectively focused potential acquirers on Confirmation's market-defining ecosystem of strategic relationships, comprehensive and unique solutions, market leadership, exceptional financial performance, and strategic growth opportunities.

About the Companies

Confirmation is the digital platform and global network trusted by audit firms, banks, law firms, and credit managers to quickly and securely verify financial data. Confirmation invented electronic confirmations nearly 20 years ago, reshaping the audit confirmation process. Today, Confirmation helps 1.5 million users across 170 countries confirm more than $1 trillion in financial data every year.

Thomson Reuters (TSX/NYSE: TRI) is a leading provider of business information services. Thomson Reuters' product portfolio includes highly specialized information-enabled software and tools for legal, tax, accounting, and compliance professionals combined with the world's most global news service – Reuters.

Great Hill Partners is a private equity firm that has raised over $5 billion in commitments since inception to finance the expansion, recapitalization, or acquisition of growth companies in a wide range of sectors. They focus on business-to-business and business-to-consumer industries including software, financial and healthcare technology, digital media, eCommerce, and internet infrastructure. Great Hill targets investments of $40 million to $250 million.

Learn more about our technology investment banking expertise.