M&A Deal Summary

EQT Acquires Waystar

On July 29, 2019, private equity firm EQT acquired information technology company Waystar from Bain Capital Private Equity for 2.7B USD

Acquisition Highlights
  • This is EQT’s 15th transaction in the Information Technology sector.
  • This is EQT’s 10th largest (disclosed) transaction.
  • This is EQT’s 29th transaction in the United States.
  • This is EQT’s 2nd transaction in Kentucky.

M&A Deal Summary
Date 2019-07-29
Target Waystar
Sector Information Technology
Buyer(s) EQT
Sellers(s) Bain Capital Private Equity
Deal Type Secondary Buyout
Deal Value 2.7B USD

Target

Waystar

Louisville, Kentucky, United States
website
Waystar is a provider of next-generation, cloud-based technology that simplifies and unifies the healthcare revenue cycle. The Waystar platform removes friction in payment processes, streamlines workflows and improves financials for providers in every care setting. Waystar has scored Best in KLAS® every year since 2010 and earned multiple #1 rankings from Black Book™ surveys since 2012. The Waystar platform supports more than 450,000 providers, 750 health systems and hospitals, and 5,000 payers and health plans.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 50.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 211 of 289
Sector (Information Technology) 15 of 25
Type (Secondary Buyout) 56 of 89
State (Kentucky) 2 of 2
Country (United States) 29 of 54
Year (2019) 17 of 24
Size (of disclosed) 10 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Svenska Verksamhetsfastigheter

Sweden

Svenska Verksamhetsfastigheter is an operator of a real estate holding company whose primary activities focus on the acquisition of warehouses and light industrial properties in city-center locations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Charleston Holding

Fussen, Germany

Charleston Holding GmbH operates 47 care homes with 4,050 beds, four-day care centers, and seven ambulatory care locations. Charleston Holding GmbH generates more than EUR 160 million revenues and has around 3,400 employees.

Sell -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 121 of 138
Sector (Information Technology) 3 of 5
Type (Secondary Buyout) 25 of 29
State (Kentucky) 2 of 2
Country (United States) 75 of 84
Year (2019) 4 of 6
Size (of disclosed) 10 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Kantar

London, United Kingdom

Kantar is a data, research, consulting and analytics business which offers insights into the views of customers and consumers in over 100 countries. WPP launched Kantar in 1992 by consolidating its existing market research businesses, and has added significantly to its reach and capabilities since then through a combination of acquisitions, partnerships and internal product development.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 SevOne

Wilmington, Delaware, United States

SevOne, Inc. delivers comprehensive real-time IT infrastructure monitoring, troubleshooting and performance reporting solution. The company invented a proprietary, next-generation distributed technology, called the SevOne Cluster™, that combines the cutting edge principles behind peer-to-peer sharing and big data analytics to scale smoothly so that millions of IT elements, across all monitoring technologies, can be managed and provide a single view to the user. SevOne was formed in 2005 and is based in Wilmington, Delaware.

Sell -
Mergr

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