NEW YORK, May 27, 2016 /PRNewswire/ -- Deloitte Corporate Finance LLC (DCF) acted as exclusive financial advisor to Global Software, Inc. (Global Software or the Company) in its majority recapitalization with Thompson Street Capital Partners (Thompson Street). The transaction closed on May 2, 2016.
Headquartered in Raleigh, North Carolina, Global Software is a leading provider of Microsoft Excel-based automation and reporting software solutions, including its flagship product Spreadsheet Server. Spreadsheet Server enables users to access operational and financial data across multiple platforms from within an Excel spreadsheet in order to produce dynamic reports with powerful drill-down capabilities. The Company's core software offerings integrate with more than 60 leading enterprise resource planning platforms and automate data analytic processes for business and financial professionals. Global Software supports more than 2,500 customers and 50,000 users across more than 50 countries in enterprises ranging from small businesses to Fortune 500 firms.
"DCF did an outstanding job assisting our team on its broad review of capital and strategic alternatives for our business," said Ron Kupferman, founder and chairman, Global Software. "We are very pleased with the outcome and appreciate the valuable advice, hard work and determination DCF exhibited in helping us achieve our family and Company objectives. Importantly, we feel as though we have identified the perfect new partner in Thompson Street, a firm with an outstanding reputation and excellent team and resources. We are excited about this new partnership and look forward to working together to achieve greater success in the future."
"We're very appreciative of the opportunity to have advised Global Software," said Ron Rivera, managing director and U.S. leader of technology, media and telecommunications investment banking, Deloitte Corporate Finance LLC. "We believe the Company has many exciting growth opportunities ahead in their new partnership with Thompson Street. This transaction represents another outstanding outcome in our journey towards building the preeminent middle market TMT M&A franchise for businesses like Global Software."
About Global Software, Inc.
Founded in 1973, Global Software is established as a leading provider of Microsoft Excel-based automation and reporting software solutions to enhance the world's foremost business intelligence, enterprise resource planning, and operational platforms. Global Software's core software offerings, such as its flagship product Spreadsheet Server, streamline data analytic processes and bridge the operational gap between company data and reporting. In 2016, Global Software supports more than 2,500 customers, 50,000 users, and 60 enterprise resource planning platforms worldwide. For more information, visit www.globalsoftwareinc.com.
About Thompson Street Capital Partners
Thompson Street is a St. Louis, Missouri-based private equity firm focused on investing in founder-led, middle market businesses. Since 2000, Thompson Street has acquired more than 100 companies in the business services, health care services, and engineered products sectors. Thompson Street's success comes chiefly from partnering with businesses to accelerate growth – creating value for founders, management teams, and their investors. Thompson Street has managed more than $1.5 billion in equity across four funds. Thompson Street is currently investing out of their $640 million TSCP Fund IV. For more information, visit www.tscp.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth, and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, includes in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
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Shelley Pfaendler Public Relations Deloitte +1 212 492 4484 |
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
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