New Mountain Capital Acquires Beeline

Beeline, the world’s largest independent provider of cloud-based management solutions, is expected to close its pending sale to New Mountain Capital this month. William Blair served as Beeline’s financial advisor in the process and the deal marks the firm’s 26th technology merger and acquisition transaction this year. Beeline, a GTCR portfolio company, recently acquired IQNavigator, another vendor management system company, placing it in a unique position to continue growing at the global level. GTCR is a Chicago-based private equity firm that has invested more than $15 billion in over 200 companies since its beginning in 1980.

New Mountain Capital, a New York-based investment firm, manages private and public equity companies as well as credit funds and holds over $20 billion in assets. They seek high-quality growth leaders in a variety of industries and then build the value of these companies over time through the business building and pursues long-term capital appreciation.

Mercy Home Student Excels After Tragedy

Mercy Home for Boys and Girls provides a safe home for children in need, such as recent success story,  Brenda. Brenda came from a loving family but they had their struggles. Her mother dealt with mental health issues but always did her best to provide for Brenda and her sister. However, things changed when Brenda was 12 and her sister was tragically killed in a car accident. The family was devastated, stricken with grief, and  Brenda’s mother lost the ability to care for her. Because of this, Brenda was sent to live with her grandparents who also were deeply affected by her sister’s death. Her grandparents were very strict and terrified something would also happen to Brenda. They rarely let her out of their sight, which sometimes even extended to not letting her attend school. Brenda learned about Mercy Home from a school counselor and together they decided that it would be a good fit.

When Brenda arrived at Mercy Home, she was behind in school and lacked self-confidence. She had a personal goal to finish 8th grade on time, even though it would be a significant challenge. With the help of the Mercy Home tutors, she got to work and made up all of her missing assignments. By the end of the year, she had reached her goal and graduated 8th grade with the rest of her class.

Today, Brenda is working to gain her self-confidence back, learning how to become financially responsible by writing resumes and applying for jobs. Brenda has become a leader amongst her peers and has a very bright future ahead of her.

To learn how you can help children like Brenda, visit https://www.mercyhome.org/

Gordian Has Agreed To Be Acquired By Fortive

Gordian, a leading provider of facility and construction cost data, has agreed to be acquired by industrial growth company, Fortive.  William Blair was the exclusive financial advisor to Gordian in the deal that is expected to close during the third quarter of 2018. Gordian is based in Greenville, SC, and is a portfolio company of private equity firm, Warburg Pincus. Construction professionals and owners rely on Gordian for their extensive collection of construction cost data, mission-critical software, and expertise in order to optimize contracting, provide accurate estimates, budgets, and plans. Over the years, the company has expanded its offering to all stages of the building lifecycle, which include planning, design, construction, and operations.

Fortive is headquartered in Everett, Washington and has more than 26,000 team members worldwide in research and development, manufacturing, service, distribution, sales and administrative. Fortive was spun off of Danaher Corporation in 2016 and has a portfolio of professional instrumentation and industrial technology businesses. The company holds leading positions in transportation, product realization, sending, automation and specialty, field instrumentation, and franchise distribution.

William Blair Participates in Chicago’s Proud to Run Event

William Blair’s Pride Alliance recently celebrated its first anniversary by participating in Chicago’s Proud to Run. The event took place on the Chicago lakefront and raised $60,000 for youth and health groups including the Illinois Safe Schools Alliance, University of Chicago’s Care 2 Prevent, Test Positive Aware Network, and Pediatric AIDS Chicago Prevention Initiative.

William Blair colleagues either walked or ran the 5K and 10K and others were hosts of the event which brought out 2,000 racers, 200 volunteers and numerous community partners, families, and friends. William Blair Pride Alliance was formed to create a workplace environment that was inclusive for LGBTQ employees while supporting corporate policies that supported diversity.

Wireless Logic Agreed to be Acquired by Montagu Private Equity

This month, the signed sale of Wireless Logic from CVC Capital Partners to Montagu Private Equity is expected to close with William Blair as the exclusive financial advisor. Wireless Logic Group is backed by CVC Partners and is Europe’s leading machine-to-machine (M2M) and Internet of Things (IoT) platform provider. Wireless Logic Group works with global and local application providers, system integrators, and enterprises to provide management platforms, secure network infrastructure, and network connectivity options. The company, which was founded in 2000, has over 3.1 million subscriptions and 2,500 customers and is headquartered in the United Kingdom.

Montagu Private Equity is one of Europe’s top private equity firms. The company focuses on management buyouts with transaction values ranging from €100 million and €1 billion. The firm, headquartered in London, was founded in 1968 and has more than €4 billion assets under management.

William Blair was chosen by CVC and Wireless Logic for its extensive knowledge and experience with other companies in the M2M and IoT sector. William Blair had previously advised on the sale of RacoWireless and Wyless to Kore Wireless Group. The William Blair team provided guidance on strategy throughout the transaction process and negotiated a  positive sale term for Wireless Logic and CVC.

Read more about the deal