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Announced

Thoma Bravo-backed Bottomline to acquire Nexus Systems from Mainsail Partners.

Financials

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

Tags

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Private

Payments / Commerce

payments automation

accounts payable automation

United States

Majority

Single Bidder

Acquisition

Domestic

Friendly

Private Equity

Pending

payments software

Synopsis

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Thoma Bravo-backed Bottomline, a provider of financial technology, agreed to acquire Nexus Systems, a provider of accounts payable and payments automation software for the real estate and property management industries, from Mainsail Partners, a growth equity firm. Financial terms were not disclosed. "We are on a mission to drive better business payments for businesses and financial institutions around the world. We continue to proactively invest in a world class platform of businesses paying and getting paid digitally as the industry-leading expertise and capabilities in commercial real estate of Nexus are combined with the expertise, scale and distribution power of the Paymode-X network. It is also an honor to welcome the Nexus team to Bottomline—and to our shared cause of winning for customers," Craig Saks, Bottomline CEO.

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