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Announced

Insight Partners to acquire CivicPlus from BV Investment Partners for $290m.

Financials

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Transaction Value£205m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Pending

Majority

Friendly

Digital Services

technology platform

United States

Domestic

Private Equity

Private

Synopsis

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Insight Partners, a global venture capital and private equity firm, agreed to acquire CivicPlus, a provider of integrated software solutions for local governments, from BV Investment Partners, a middle-market private equity firm, for $290m. "Insight Partners is dedicated to high-growth software companies. They have extensive expertise and have successfully supported many technology innovators on the brink of revolutionizing user experiences. Insight understands the fundamental changes in the relationship between local governments and their citizens, and they value our vision of enabling civic leaders to optimize that relationship," Brian Rempe, CivicPlus CEO.

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