3i has agreed to sell Magnitude Software to insightsoftware, a portfolio company of TA Associates, Hg Capital and Genstar Capital

Magnitude is a market leader in data-management software solutions. Magnitude helps companies turn their core business data into continuous intelligence, providing actionable insights to shorten the path from data to decision. It enables its customers to connect data across applications and business processes, including supply chain, finance, manufacturing and distribution. The company has a portfolio of leading products, which connect, integrate and analyze distributed data to deliver actionable insights for critical business decisions. Magnitude serves more than 1,300 of the world’s largest enterprises.

Andrew Olinick, Partner at 3i, commented, “We are proud to have supported Magnitude and to have helped it execute its mission to help companies obtain meaningful insight from their data. The company has strengthened its product portfolio, further developed its Software as a Service offering and invested in sales and marketing, which has materially enhanced its growth rate. We believe the combination with insightsoftware will provide a very compelling solution to Magnitude’s customers and employees. We have thoroughly enjoyed working with Magnitude’s world class team and are looking forward to following the continued success of the company.”

“We enjoyed working with the Magnitude team and 3i on this important transaction,” said Scott Twibell, Managing Director and Co-head of Lincoln’s Technology, Media & Telecom Group. “Magnitude’s breadth of data management solutions paired with insightsoftware’s financial reporting and enterprise performance management software will create a compelling solution for global enterprises.”

Lincoln acted as the exclusive financial advisor to 3i and Magnitude, working closely with the management team and shareholders throughout the sale process. This included mergers and acquisitions and industry expertise as well as closely managing all aspects of the process, including the preparatory, negotiation and due diligence phases of the transaction.

3i Group Magnitude Software Insight Software Genstar Hg Capital TA Associates 2021
  • 2021
    Close Year
  • Technology, Media & Telecom
    Industry
  • Private Equity
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • USA | United Kingdom
    Countries
Lincoln provided valuable expertise and guidance and the hands on approach by its senior team at each stage of the process was vital to our securing a tremendous result.
Jeff Shoreman
Chief Executive Officer at Magnitude Software

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