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.