Advised on a 100% sale of a software asset to a financial buyer
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“I know marketing a company with nonworking owners can be extremely challenging; however, you and your team far exceeded my expectations and delivered on time all aspects of your marketing proposal.” Thomas E. Kolassa, CLU, ChFC – Former Chairman
Transaction Overview
- Infinisource presented an ideal SaaS platform for expansion and scalability having developed proprietary, web-enabled, business applications that automate payroll processing and COBRA administration and compliance.
- The HRO space for small to medium businesses was highly fragmented and ready for consolidation by a market leader.
Significance of the Transaction
- Existing passive shareholders received a significant liquidity event
- With partners Accel-KKR, Infinisource is now well positioned to emerge as a leader for one-stop HRO services including payroll, flexible plans, benefits and COBRA compliance and customized human resource
Role
- Worked closely with the management team to develop a compelling vision and business plan for becoming a leading SaaS Human Resource Outsourcing (HRO) player and wanted a partner to grow the business to the next level.
- Ran a competitive auction process that received over 23 written termsheets to invest in the business
- Navigated the process to a close negotiating multiple complex deal terms and post close scenarios
