NAVEX acquired by BC PARTNERS

This transaction reflects an investment thesis centered on international expansion and strategic product consolidation within the high-growth governance, risk, and compliance (GRC) software sector. Under the terms of the definitive agreement, international private equity firm BC Partners leads a majority recapitalization of NAVEX Global. Existing controlling sponsor Vista Equity Partners reinvests to retain a significant minority equity stake alongside co-investor Noble Rock Advisors Incorporated. At the time of this recapitalization, NAVEX Global serves more than 13,000 corporate clients worldwide, including 95 of the FORTUNE 100 enterprise organizations. For BC Partners, which manages over $21 billion in private equity and credit assets and invests through its tenth private equity fund, the transaction marks its 103rd direct private equity investment, adding to a historical track record of $156 billion in total enterprise value. Backed by its new controlling partnership, the software provider plans to accelerate penetration across international enterprise markets and expand its proprietary suite of ethics and risk management platforms through internal product engineering and strategic M&A initiatives. In connection with the transaction, BC Partners was advised by legal counsel Simpson Thacher & Bartlett LLP and financial advisor Shea & Co, while NAVEX Global received financial advisory services from Morgan Stanley & Co. LLC and legal representation from Kirkland & Ellis LLP.

It is worth noting that the fund Vista Equity Partners took control of Navex through an LBO in 2014.