M&A Deal Summary

Roper Technologies Acquires Aderant Holdings

On October 8, 2015, Roper Technologies acquired software company Aderant Holdings from Madison Dearborn Partners and American Capital for 675M USD

Acquisition Highlights
  • This is Roper Technologies’ 8th transaction in the Software sector.
  • This is Roper Technologies’ 10th largest (disclosed) transaction.
  • This is Roper Technologies’ 22nd transaction in the United States.
  • This is Roper Technologies’ 3rd transaction in Georgia.

M&A Deal Summary

Date 2015-10-08
Target Aderant Holdings
Sector Software
Buyer(s) Roper Technologies
Sellers(s) Madison Dearborn Partners
American Capital
Deal Type Add-on Acquisition
Deal Value 675M USD

Target

Aderant Holdings

Atlanta, Georgia, United States
website
Aderant Holdings, Inc. is an independent legal software provider that offers comprehensive practice, financial and case management solutions for law and professional services firms of all sizes worldwide.

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Buyer(S) 1

Buyer

Roper Technologies

Sarasota, Florida, United States

website


Category Company
Founded 1981
Sector Information Technology
Employees18,400
Revenue 5.4B USD (2022)
DESCRIPTION

Roper Technologies is a diversified technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Roper Technologies was founded in 1981 and is based in Sarasota, Florida.


DEAL STATS #
Overall 25 of 36
Sector (Software) 8 of 14
Type (Add-on Acquisition) 25 of 36
State (Georgia) 3 of 4
Country (United States) 22 of 31
Year (2015) 7 of 8
Size (of disclosed) 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 RF IDeas

Rolling Meadows, Illinois, United States

RF IDeas, Inc. (dba Security Tokens, Inc.) is a provider of proprietary identification card technology solutions that deliver workflow improvement, enable mobile workforce management and ensure compliance and security.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Atlas Development

Calabasas, California, United States

Atlas Development Corp. (Atlas Medical Software) is a provider of clinical process and connectivity software solutions in the U.S.

Buy -

Seller(S) 2

SELLER

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 53 of 70
Sector (Software) 2 of 2
Type (Add-on Acquisition) 22 of 31
State (Georgia) 3 of 6
Country (United States) 49 of 62
Year (2015) 3 of 4
Size (of disclosed) 22 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-28 Performance Health

Warrenville, Illinois, United States

Performance Health is a multichannel branded supplier to the global rehabilitation, recovery and sports medicine markets. Its proprietary product portfolio consists of market leading health and wellness brands, including Biofreeze, TheraBand, Hygenic and Cramer. Performance Health is based in Warrenville, Illinois.

Buy $715M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 Multi Packaging Solutions

New York, New York, United States

Multi Packaging Solutions, Inc. is a global provider of value-added packaging solutions to a diverse customer base across the healthcare, consumer and multi-media markets. MPS provides its customers with an extensive array of print-based specialty packaging solutions, including premium folding cartons, inserts, labels and rigid packaging across a variety of substrates and finishes. MPS has 59 manufacturing locations across North America, Europe and Asia and employs approximately 8,800 people.

Sell -
SELLER

American Capital

website


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 169 of 194
Sector (Software) 6 of 9
Type (Add-on Acquisition) 81 of 87
State (Georgia) 10 of 10
Country (United States) 163 of 186
Year (2015) 6 of 8
Size (of disclosed) 7 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 ThreeSixty Group

Hong Kong, China

ThreeSixty Group designs develop and sources hardline consumer products within the children’s activity, home décor, men’s gift, and other accessories categories.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 Affordable Care

Morrisville, North Carolina, United States

Affordable Care is a dental practice management services company that supports a network of affiliated dental practices providing removable prosthetics and related services. Affordable Care was founded in 1975 and is based in Morrisville, North Carolina.

Sell -