GI closes MRI Software buy

GI Partners said Wednesday it closed its buy of MRI Software. Vista Equity Partners was the seller. The transaction was announced earlier this month. Solon-Ohio-based MRI provides real estate property and investment management software solutions. Shea & Company, LLC acted as financial advisor for MRI.

PRESS RELEASE

SAN FRANCISCO, June 24, 2015 – GI Partners (“GI”), a leading middle market private equity firm, announced that it has completed the previously announced acquisition of MRI Software LLC (“MRI”), a global provider of real estate property and investment management software solutions.

MRI provides innovative software solutions for the global real estate industry. The company offers its clients comprehensive and configurable solutions, from property-level management and accounting to complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. Headquartered in Solon, Ohio, MRI has international offices in Toronto, London, Sydney, Singapore, and Hong Kong.

Shea & Company, LLC acted as financial advisor for MRI.

About MRI
Founded in 1971, MRI offers property management software solutions to the global property management and investment industries. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its more than 40 years in business to develop long-term successful relationships with its clients. For more information, please visit www.mrisoftware.com.

About GI Partners
Founded in 2001, GI Partners is a leading private investment firm based in San Francisco. The firm currently manages over $11 billion in capital commitments through middle market private equity and select real estate strategies for recognized institutional investors across the globe. GI Partners is active in a number of key sectors, including Technology, Media & Telecommunications, Healthcare, Retail & Leisure, and Financial & Real Estate Services. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.