M&A Deal Summary

HgCapital and TA Associates Acquire Intelerad

On January 23, 2020, private equity firms HgCapital and TA Associates acquired software company Intelerad from Novacap

Acquisition Highlights
  • This is HgCapital’s 27th and TA Associates’ 62nd transaction in the Software sector.
  • This is HgCapital’s 2nd and TA Associates’ 7th transaction in Canada.
  • This is HgCapital’s 1st and TA Associates’ 3rd transaction in Quebec.

M&A Deal Summary

Date 2020-01-23
Target Intelerad
Sector Software
Buyer(s) HgCapital
TA Associates
Sellers(s) Novacap
Deal Type Secondary Buyout

Target

Intelerad

Montreal, Quebec, Canada
website
Intelerad is a medical imaging software provider that specializes in diagnostic viewing, reporting, and collaboration solutions. Intelerad was founded in 1999 and is based in Montreal, Quebec.

Search 192,349 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 110 of 137
Sector (Software) 27 of 41
Type (Secondary Buyout) 37 of 47
State (Quebec) 1 of 1
Country (Canada) 2 of 4
Year (2020) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 P&I

Wiesbaden, Germany

P&I is an internationally operating, full suite provider of cloud-based HR software solutions and a driver of innovation in HR technology. P&I’s scalable subscription-based platform exhibits characteristics that resonate with Hg Saturn’s core focus, with a broad, diversified and loyal customer base, and has delivered an exceptional historical operating performance. P&I was founded in 1968 and is based in Wiesbaden, Germany.

Buy €2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-07 smartTrade Technologies

Aix-en-Provence, France

smartTrade Technologies is an automated trading platform that enables fast access to a wide range of liquidity for Foreign Exchange (FX), Fixed Income, Equities, Cryptocurrencies, and Derivatives. These solutions connect to numerous liquidity providers, aggregation, smart order routing, order management, pricing, distribution, risk management capabilities, and an HTML5 user interface. smartTrade Technologies was formed in 1999 and is based in Aix-en-Provence, France.

Buy -
Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 298 of 360
Sector (Software) 62 of 85
Type (Secondary Buyout) 46 of 67
State (Quebec) 3 of 4
Country (Canada) 7 of 9
Year (2020) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Zadig & Voltaire

Paris, France

Zadig & Voltaire operates in the luxury segment of the fashion market in Europe. It currently operates approximately 200 boutiques and shop in shops over 20 countries throughout Europe, Asia and North America. Zadig & Voltaire was founded in 1995 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 MRI Software

Solon, Ohio, United States

MRI Software is a provider of real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. MRI develops lasting client relationships based on nearly five decades of expertise and insight. MRI Software was established in 1971 and is based in Solon, Ohio.

Sell -

Seller(S) 1

SELLER

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.


DEAL STATS #
Overall 18 of 27
Sector (Software) 2 of 3
Type (Secondary Buyout) 7 of 11
State (Quebec) 9 of 12
Country (Canada) 11 of 17
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-03 Dialogic Group

Parsippany, New Jersey, United States

Dialogic Group, Inc. is a provider of cloud solutions optimized for real-time communication media, applications, and infrastructure for service providers, businesses, and developers across the globe. Dialogic Group is based in Parsippany, New Jersey.

Sell $52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 PKWARE

Milwaukee, Wisconsin, United States

PKWAR is a provider of encryption and compression software, offering data security solutions incorporating data discovery, classification, and protection in automated, policy-driven workflows. PKWARE was founded in 1986 and is based in Milwaukee, Wisconsin.

Sell -