Riverside Deposits Baker Hill Into Portfolio September 23, 2015
Firm Invests In SaaS-Based Loan Software Specialist
The Riverside Company has acquired Baker Hill, former division Experian Information Solutions (FTSE: EXPN). Baker Hill specializes in software that supports loan origination and loan portfolio management.
Baker Hill’s suite of SaaS-based loan origination software helps customers manage their loan origination, underwriting, documentation and portfolio management processes, allowing customers to streamline their workflow, manage risk and comply with regulations.
“Baker Hill has a proven track record in loan origination and portfolio management” said Riverside Managing Partner Loren Schlachet. “Baker Hill has many compelling growth opportunities from continuing to invest in market-leading products and features, and we think customers will be delighted with the enhanced offerings across the board.”
Baker Hill will join forces with DMA, another Riverside portfolio company, which provides banks and credit unions with profitability analytics and strategic insights designed to reduce income risk. DMA serves financial institutions throughout the U.S. and Canada.
“Baker Hill is currently only serving a fraction of its potential market and has numerous channels for deepening existing customer relationships and adding new customers through increased investment in product development and feature enhancements,” said Riverside Partner Alan Peyrat.
Riverside has completed more than 40 transactions within its Software and IT Specialization, and will be eager to use add-ons to expand Baker Hill, which operates in a fragmented industry.
Working with Schlachet and Peyrat on the transaction for Riverside were Vice President Steve Rice, Operating Partner John Kish, Associate Tony Trevino and Finance Director Christopher Lake. Origination Partner Robert Landis sourced the transaction for Riverside. Vice President Dan Haynes worked on financing the transaction for the firm.
PNC and Triangle Capital provided financing for the transaction. Riverside was advised by Jones Day, Deloitte and West Monroe Partners.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $300 million. Since its founding in 1988, Riverside has invested in more than 400 transactions. The firm’s international portfolio includes more than 80 companies.