Matchups

See how Private Equity firms stack up head-to-head

Round 1 - Margin Matchup (8 Matchups)

MatchupAvg ValueScore
46vs46

Match Report

A high-tech shootout! Leeds Equity put together a truly elite game plan, heavily anchored by Guidehouse's $56M+ in combined healthcare operational and supply chain saves. However, Index Ventures' offense was simply unstoppable. Driven by Wrike's gargantuan $60 million waste reduction play, and backed by over $40 million in combined cloud, software, and AI automation saves from Flexera, Cutover, and Intercom, Index Ventures takes the championship by a margin of roughly $45 Million in verified hard cost savings.

Key Plays

Play 1, The IT, Cloud, & Software Waste Reduction

  • Leeds Equity Partners: Archive 360 played solid defense in the legal tech space, securing $770,000 in annual cost savings for corporate legal budgets. Exterro backed them up with a clean $2 million in external e-discovery cost savings for Hanover Insurance Group.
  • Index Ventures: Wrike completely dominated the field with an absolute blockbuster, executing a massive $60 million cost reduction from wasted efforts for enterprise clients. Flexera kept the momentum going, snatching a $12.22 million annualized cloud cost save for a global food giant and a €6.2 million SAP license save for EDEKA DIGITAL.

Winner: Index Ventures

Play 2, The Enterprise Operations & Supply Chain Sweep

  • Leeds Equity Partners: Guidehouse anchored the frontline with heavy hits in the healthcare sector, capturing a massive $31 million in supply chain savings for TriHealth and executing a $25.5 million operational performance save for St. Peter's Health.
  • Index Ventures: Cutover countered with heavyweight enterprise release plays, delivering £12 million in annual change execution savings for a British financial institution and another $15 million in estimated annual savings for a multinational bank. Instabase piled on the points on the operational front, automating mortgage loan processing to secure $4.8 million in savings.

Winner: Index Ventures

Play 3, AI-Driven Support & Back-Office Efficiency

  • Leeds Equity Partners: Scaled Agile pushed digital transformation forward, generating a highly efficient $12 million savings highlight for Northwestern Mutual.
  • Index Ventures: Intercom overwhelmed the customer support defense, utilizing its Fin AI Agent to drive over $6.7 million in total cost savings over three years. Nexthink added reliable seven-figure hits to close out the game, securing $1.7 million in onsite ticket reductions for an Australian hospital and a $1.6 million Windows migration save for a German manufacturer.

Winner: Index Ventures

53vs34

Match Report

RESULT: ASTORG WINS MARGIN OF VICTORY: A decisive late-game blowout! Veritas Capital put together a fantastic game plan driven by Merative and Guidehouse's massive eight-figure healthcare and operational saves. But Astorg's Corsearch completely took over the fourth quarter. Driven by nearly $174 million in combined brand protection and recovered sales, perfectly paired with SLB's heavy-hitting offshore operational savings, Astorg takes the championship by a margin of well over $90 Million in hard cost savings.

Key Plays

Play 1: The Administrative & IT Efficiency Slash

  • Veritas Capital: athenahealth executed solid administrative plays on the front line, securing $400,000 in annual savings for APDerm using Robotic Process Automation and saving SCP Health $300,000 in rework costs. Guidehouse stepped up on the consulting side, uncovering and recovering $1.3 million in missing net revenue for St. Luke's University Health Network.
  • Astorg: Xceptor anchored the back-office defense, delivering £1.25 million in legacy system cost savings and avoiding £1.28 million in financial losses for Deagon Capital. Alteryx piled on the points with reliable data automation, driving a clean $750,000 cost save for Plante Moran and executing a $1 million supply chain cost optimization.

Winner: Astorg

Play 2: The Heavyweight Healthcare & Operations Overhaul

  • Veritas Capital: Merative dropped a massive $50 million highlight-reel save by analyzing and identifying specialty drug cost reductions for a large employer. Guidehouse backed them up with a relentless operational attack, driving $25.5 million in total cost savings during a turnaround for St. Peter's Health.
  • Astorg: SLB ran a highly effective deepwater offensive, securing a massive $13.3 million in drilling savings for a Gulf of Mexico operator by shaving 36 days off the schedule. They kept the momentum going by preventing $10 million in production facility losses, and tacked on a $4.9 million integrated system savings play for Equinor.

Winner: Astorg

Play 3: The Enterprise Risk & Brand Protection Knockout

  • Veritas Capital: Guidehouse held the line in the supply chain sector, capturing an impressive $31 million in savings to eliminate a budget shortfall for TriHealth.
  • Astorg: Corsearch came off the bench and dropped absolute game-ending bombs to protect brand equity. They completely overpowered the defense by taking down $131 million in fake products and preventing an additional $42.6 million in estimated lost sales for their clients.

Winner: Astorg

49vs43

Match Report

RESULT: PSG WINS MARGIN OF VICTORY: A massive blowout. While Brighton Park Capital put together a solid game plan with respectable low-to-mid seven-figure savings, PSG ran up the score. Driven by Xsolis's nine-figure enterprise wins ($203M+) and Pacvue's $50M+ revenue recoveries, PSG takes the title by well over $200 Million in verified hard cost savings.

Key Plays

Play 1: The IT & Infrastructure Overhaul

  • Brighton Park Capital: Data management star Reltio put up big numbers on defense, securing $4.7 million in IT cost savings and $3.6 million in annual MDM cost savings. Coralogix assisted the frontline, driving $200,000 in annual storage savings.
  • PSG: Xsolis came out swinging with astronomical enterprise savings, delivering a jaw-dropping $203 million in savings for HonorHealth and over $95 million for Beacon Health. LogicMonitor piled on, slashing monthly IT expenditures by 60% and posting $1 million in annual IT savings.

Winner: PSG

Play 2: The Marketing & Ad Spend Efficiency Drive

  • Brighton Park Capital: Impartner executed a highly efficient defensive scheme, slashing their clients' cost-per-lead by 75%.
  • PSG: Recast recovered millions in wasted ad spend and reduced paid customer acquisition costs (CPA) by 30-40%. Meanwhile, Pacvue proved to be a special teams MVP, recovering $50 million for clients through automated dispute management and preventing over $275,000 in e-commerce revenue leakage.

Winner: PSG

Play 3: Frontline & Administrative Fee Elimination

  • Brighton Park Capital: Relatient held the line in the healthcare sector, securing $1 million in annual savings from improved technology integration and patient scheduling efficiencies.
  • PSG: SevenRooms went on the offensive to crush third-party reservation fees, securing $4 million in total cost savings for one hospitality group and another $1.6 million from commission-free covers. In the back office, Vault Verify and Arcoro locked in quick administrative and HR cost savings of $55,740 and $25,000 respectively.

Winner: PSG

35vs49

Match Report

RESULT: ICONIQ CAPITAL WINS MARGIN OF VICTORY: A hard-fought upset! Parthenon's Zelis came out swinging with an incredible three-quarter-billion-dollar savings play, but ICONIQ ran a relentless, diversified attack. Anchored by Komodo Health's massive nine-figure savings, and reinforced by over $30 million in combined tech-stack and AI automation savings from Moveworks, Intercom, Lucid, and Fivetran, ICONIQ takes the championship by executing hard cost efficiencies across the entire enterprise board.

Key Plays

Play 1: The AI & Support Cost Slash

  • Parthenon Capital Partners: Smart Data Solutions stepped up on defense, generating a 68% workflow cost reduction for complex medical claim queries.
  • ICONIQ Capital: Moveworks ran a highly effective offensive scheme with its conversational AI, delivering $11.5 million in total cost savings over three years for a composite organization. Intercom piled on the points, using its Fin AI Agent to secure $6.7 million in support savings over three years and saving product intelligence platform Amplitude $1 million at scale.

Winner: ICONIQ Capital

Play 2: The Infrastructure & Tech Consolidation Drive

  • Parthenon Capital Partners: BirchStreet Systems executed a highly efficient back-office strategy, saving hospitality clients $68,250 net per property by digitizing and automating Procure-to-Pay invoice processing.
  • ICONIQ Capital: Fivetran modernized the data stack, avoiding expensive legacy setups to secure $6 million in savings by bypassing on-prem SQL servers. Meanwhile, Lucid Software benched redundant tools, logging $300,000 in software consolidation savings and establishing a massive $9.7 million Net Present Value over three years.

Winner: ICONIQ Capital

Play 3: Heavyweight Overhead & Legacy System Elimination

  • Parthenon Capital Partners: Zelis put up a massive, franchise-defining highlight, driving over $734.5 million in total gross savings for third-party administrator AmeriBen through its healthcare solutions.
  • ICONIQ Capital: Komodo Health fired right back, matching the heavyweight energy by delivering "hundreds of millions" in cost savings through its Real-World Evidence insights. Sprinklr then ran a sweep on legacy systems, executing a clinical $799,000 cost reduction while slashing another $2.1 million in costs by reducing social care interactions.

Winner: ICONIQ Capital

44vs50

Match Report

RESULT: VISTA EQUITY WINS MARGIN OF VICTORY: A nine-figure blowout! BV Investment put up a respectable fight, highlighted by Marlabs' $47M operational save, but Vista Equity's roster was simply too deep. Anchored by Apptio's staggering $165M+ in combined cloud and hosting savings, Gainsight's $36M efficiency play, and nearly $30M in real estate footprint savings from OfficeSpace Software, Vista Equity easily takes the championship by well over $150 Million in hard cost savings.

Key Plays

Play 1: The IT, Cloud, & Tech Stack Optimization Drive

  • BV Investment Partners: Marlabs drove a solid $5.6 million in annual savings through finance and reporting automation, while CallTower secured a highly efficient 45% calling plan cost reduction for healthcare clients.
  • Vista Equity: Apptio absolutely dominated the cloud and tech stack, executing a massive $100 million hosting strategy save and finding another $65 million in optimization opportunities for a financial client. BetterCloud ran up the score, generating over $6.1 million in annual savings by eliminating software overlap and reclaiming unused SaaS licenses.

Winner: Vista Equity

Play 2: The Back-Office & Administrative Efficiency Slash

  • BV Investment Partners: Consero Global held the line in outsourced finance and accounting, securing $812,000 in payroll savings and $500,000 in annual F&A reductions. Source Advisors chipped in by leveraging usage data to renegotiate subscriptions, saving an AmLaw 200 firm $1 million.
  • Vista Equity: Gainsight completely overwhelmed the defense on the customer success front, putting up a staggering $36 million cost savings play. Smartsheet and TRG Screen piled on the points, with Smartsheet delivering $1 million in annual project portfolio management savings for Sutherland and TRG Screen securing a $2 million avoided re-engineering investment for CalPERS.

Winner: Vista Equity

Play 3: The Heavyweight Real Estate & Operations Deflection

  • BV Investment Partners: Marlabs executed a brilliant, franchise-defining highlight, generating $47 million in annual savings for airline catering company gategroup through AI-powered inventory reduction.
  • Vista Equity: OfficeSpace Software countered with absolute blockbusters, driving $15 million in real estate downsizing savings and helping Quantum Health avoid $13.5 million in unnecessary campus renovations. TigerConnect delivered the final knockout punch on the healthcare front, executing a $19.5 million cost-savings play by streamlining clinical communications and halving patient readmissions.

Winner: Vista Equity

24vs48

Match Report

RESULT: FRANCISCO PARTNERS WINS MARGIN OF VICTORY: A historic, multi-billion-dollar blowout! Vitruvian Partners put together a formidable, elite-tier game plan with Merative's $50M+ healthcare plays and WalkMe's nearly $60M annual adoption savings. However, Francisco Partners simply overpowered the defense. Anchored by Oracle's legendary, highlight-reel plays—including $695 million in predictive maintenance savings and a gargantuan $3.2 billion in energy optimization—Francisco Partners takes the championship by executing nearly $4 Billion in verified hard cost efficiencies.

Key Plays

Play 1: The IT, Cloud & Analytics Efficiency Slash

  • Vitruvian Partners: Alteryx played a solid mid-level defense, securing $1 million in supply chain savings and another $750,000 in data analytics cost reductions. Azul stepped up to clear out legacy technical debt, logging $1 million in monthly cloud savings for enterprise clients.
  • Francisco Partners: New Relic ran a highly effective offensive scheme with its observability platform, locking in a massive $16 million in annual savings. OpenText piled on the points in the back office, delivering $2.9 million in annual cost savings for LA County while slashing another $800,000 in operational spend for a global dairy co-op.

Winner: Francisco Partners

Play 2: The Healthcare & Medical Spend Containment Drive

  • Vitruvian Partners: Merative anchored the frontline with heavy hits, identifying a massive $50 million in potential annual savings for specialty conditions and $6.5 million in value-based care analytics. TRC Healthcare backed them up, combining for over $9.3 million in savings by reducing unnecessary testing and standardizing cardiology care.
  • Francisco Partners: Availity held the line in the payer space, driving over $1.6 million in first-year projected savings by automating provider data management. Vendavo brought heavyweight energy to the enterprise pricing sector, executing a $10 million financial impact highlight for Corning Optical and putting a staggering $60 million in potential additional margin on the board for agriculture clients.

Winner: Francisco Partners

Play 3: The Heavyweight Enterprise AI & Automation Knockout

  • Vitruvian Partners: WalkMe executed a massive, franchise-defining highlight, generating an incredible $4.9 million in monthly savings ($58.8 million annually) through its enterprise digital adoption strategy, while slashing hundreds of thousands in headcount and software license costs across its portfolio.
  • Francisco Partners: Oracle dropped absolute, game-ending blockbusters on the field. Using AI for predictive maintenance, Oracle secured a jaw-dropping $695 million in direct cost savings. They followed that up with the final knockout punch: executing an astronomical $3.2 billion save from global energy optimization.

Winner: Francisco Partners

45vs46

Match Report

RESULT: COATUE MANAGEMENT WINS MARGIN OF VICTORY: A decisive, high-tech blowout! AEA Investors put up a tremendous fight anchored by CMSPI's $40M payment save and dss+ Consulting's $70M safety efficiencies. However, Coatue Management simply overpowered the defense with next-generation AI and healthcare tech. Driven by Distyl AI's staggering $200M forecasted savings and Komodo Health's "hundreds of millions" in RWE-driven efficiencies, Coatue takes the championship by a massive margin of well over $250 Million in verified hard cost savings.

Key Plays

Play 1: The AI-Driven Healthcare & Safety Slash

  • AEA Investors: dss+ Consulting executed a highly effective safety management program, saving American Airlines nearly $70 million in total costs. BES Group contributed a strong defensive effort on the frontline, securing $11 million in total cost avoidance for a large cargo carrier through condition-based maintenance.
  • Coatue Management: Distyl AI delivered an absolute highlight-reel blockbuster, forecasting $200 million in annual savings for a Fortune 50 healthcare payor by automating prior authorizations with an AI decisioning system. Komodo Health piled on the points, leveraging Real-World Evidence insights to unlock "hundreds of millions" in cost savings across the healthcare sector.

Winner: Coatue Management

Play 2: The Enterprise IT & Network Overhaul

  • AEA Investors: TC Group found hidden value in the back office, reclaiming over $1.4 million in cumulative operational cost savings for a residential development. ANS executed a steady IT sweep, securing a $500,000 running cost reduction for Calisen Group through a legacy-to-cloud migration.
  • Coatue Management: Cato Networks dominated the network modernization front, generating a verified $4.33 million in Total Savings (NPV) for enterprises transitioning to its SASE cloud platform. Glean kept the momentum going, unlocking $2.3 million in yearly value for a financial software provider by saving employees thousands of hours through AI-powered enterprise search.

Winner: Coatue Management

Play 3: Payments, Compliance & Back-Office Efficiency

  • AEA Investors: CMSPI stepped up with a massive $40 million total cost savings play for a leading retail grocer by aggressively optimizing debit negotiations and payment processes.
  • Coatue Management: HealthEdge drove a hard bargain in the insurance space, securing $14.8 million in savings by accelerating the drive toward value-based care. On special teams, Checkout.com chopped down processing fees to save fintech company Curve £2.5 million annually, while Chainalysis locked down compliance, saving Centralex up to $1 million a year through automated on-chain monitoring.

Winner: Coatue Management

44vs25

Match Report

RESULT: ACCEL KKR WINS MARGIN OF VICTORY: A decisive blowout! While Spectrum Equity executed a solid game plan anchored by Tenstreet's $10 million safety save and Lucid's $9.7 million TEI win, Accel KKR dominated the field with nine-figure blockbusters. Led by Trax Technologies' gargantuan $105 million transportation save and heavily supported by multi-million-dollar highlights from Kantata ($24.5M) and LeanDNA ($20M), Accel KKR takes the championship title by well over $100 Million in verified hard cost savings.

Key Plays

Play 1: The Global Supply Chain & Fleet Overhaul

  • Spectrum Equity: Tenstreet helped transportation giant Roadrunner execute a major safety and compliance overhaul, securing a massive $10 million cost reduction in accident claims and insurance premiums.
  • Accel KKR: Trax Technologies delivered an absolute blockbuster, helping a Fortune 500 pharmaceutical company unify its global freight data to unlock a staggering $105 million in total transportation savings. LeanDNA piled on the points in the aerospace sector, driving a $20 million inventory cost reduction in just 90 days.

Winner: Accel KKR

Play 2: The Enterprise Financial & AP Efficiency Drive

  • Spectrum Equity: Quavo played tough defense in the financial sector, helping Galileo recapture $1 million in disputed funds and securing over $482,000 in monthly recoveries for First Hawaiian Bank.
  • Accel KKR: Basware ran a highly efficient AP automation scheme, saving Huntsman Corporation a remarkable $9 million by eliminating duplicate payments and invoicing errors. Vendavo stepped up to optimize enterprise pricing, driving a clean $10 million financial impact for Corning Optical in its first year.

Winner: Accel KKR

Play 3: Professional Services & Tech Stack Optimization

  • Spectrum Equity: Lucid Software brought solid organizational savings to the board, delivering a verified $9.7 million Net Present Value over three years for a composite enterprise. Litmus added reliable multi-million-dollar impact, capturing $5.23 million in total benefits through streamlined email production workflows.
  • Accel KKR: Kantata completely overpowered the defense in the professional services sector, dropping a massive $24.5 million Total Economic Impact highlight by driving operational efficiency and project margin improvements. IntelePeer reinforced the frontline, executing $2.5 million in annual labor cost savings through AI-powered healthcare communications.

Winner: Accel KKR

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