Blackbaud, Inc. acquired YourCause, LLC from Providence Strategic Growth Capital Partners L.L.C and others for approximately $160 million.
January 01, 2019 at 11:00 pm EST
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Blackbaud, Inc. (NasdaqGS:BLKB) acquired YourCause, LLC from Providence Strategic Growth Capital Partners L.L.C and others for approximately $160 million on January 2, 2019. Blackbaud has financed the transaction, primarily through borrowings under the 2017 credit facility. YourCause, LLC's team of 155 employees will join Blackbaud. Shea & Company, LLC acted as financial advisor while Kevin J. Sullivan, David Gail, Anthony Cahill, Colin McKee, Mark Schwed, Adam Arikat, Michael Nissan, Amanda Rosenblum, Jeffrey Osterman, Dennis Adams, Jillian Richardson, Vadim Brusser and Jonathan Cheng of Weil, Gotshal & Manges LLP acted as legal advisors to the shareholders of YourCause.
Blackbaud, Inc. (NasdaqGS:BLKB) completed the acquisition of YourCause, LLC from Providence Strategic Growth Capital Partners L.L.C and others on January 2, 2019.
Blackbaud, Inc. is a cloud software and services provider. The Company enhances its software with a range of payment processing, analytic and business intelligence services, consulting, training, and professional services, as well as maintenance and technical support. Its specific solutions and services include fundraising and engagement, financial management, grant and award management, education solutions, social responsibility and ESG, payment services, data intelligence, professional and managed services, customer support, and training. Its fundraising and engagement solutions include Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving from Blackbaud, Blackbaud Fundraiser Performance Management, Blackbaud Altru, and Blackbaud Guided Fundraising. Its financial management services include Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management.
BLACKBAUD, INC. 
