Sale to GTCR, LLC

Healthcare
Sale to GTCR, LLC

Summary

Baird served as exclusive financial advisor to RevSpring Inc. on this transaction

About

RevSpring Inc. (“RevSpring” or the “Company”), a portfolio company of CIP Capital (“CIP”), was recently acquired by GTCR, LLC. (“GTCR”). Terms of the transaction were not disclosed.

RevSpring is a leading provider of multi-channel billing and communications solutions to the healthcare and financial services industries. RevSpring facilitates over one billion customer interactions annually, serving more than 2,000 health systems & hospitals, revenue cycle management providers and financial services organizations. The Company's vertically specialized solutions accelerate cash flow and ensure compliance on time-sensitive consumer communications, including mail, web, text, and phone. In addition, RevSpring improves the workflow, design and distribution of consumer communications to make interactions more impactful, meaningful, and effective. GTCR is partnering with RevSpring's management team to pursue growth initiatives at RevSpring as well as complementary acquisitions in the multi-vertical billing and payments industries. To support this strategy, GTCR has committed up to $400 million of equity capital to the platform. The Company is headquartered in Wixom, Michigan.

CIP Capital is a New York based private equity firm focused on investing in growth-oriented, middle-market companies across the Business Information and Tech-Enabled Services markets in North America. CIP seeks to invest in proven, profitable businesses that provide their customer bases with critical information, proprietary content, and value-added outsourced services. Targeted sectors for investment include business services, marketing services, and knowledge services.

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. Since its inception, GTCR has invested more than $12 billion in over 200 companies. GTCR is headquartered in Chicago, Illinois.

For additional information about this transaction, please contact:

Ben Brown +1 (414) 298-7013
Bill Suddath +1 (404) 264-2222
James Weck +1 (312) 609-4675
Chris Coetzee +1 (312) 609-4913
Kiran Paruchuru +1 (312) 609-4926
Vincenzo di Nicola +44 (0) 207-667-8532
Healthcare
Sale to GTCR, LLC
Date
November 2016
Company
RevSpring Inc.
Transaction
M&A
Sectors
Healthcare
Target Location
North America
Acquiror Location
North America

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