M&A Deal Summary |
|
|---|---|
| Date | 2002-03-26 |
| Target | Princeton Softech |
| Sector | Information Technology |
| Buyer(s) |
LLR Partners
Apax |
| Sellers(s) | Computer Horizons |
| Deal Type | Divestiture |
| Deal Value | 16M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $15 to $100 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 117 |
| Sector (Information Technology) | 2 of 26 |
| Type (Divestiture) | 1 of 3 |
| State (New Jersey) | 4 of 12 |
| Country (United States) | 12 of 116 |
| Year (2002) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-10-11 |
Heartland Payment Systems
Princeton, New Jersey, United States Heartland Payment Systems, Inc. is a payments processor. It delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 300,000 business and educational locations nationwide. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-01-01 |
Prophet 21
Yardley, Pennsylvania, United States Prophet 21, Inc. is a provider of enterprise software and services to the durable goods distribution market. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 60.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 27 of 246 |
| Sector (Information Technology) | 3 of 27 |
| Type (Divestiture) | 3 of 28 |
| State (New Jersey) | 2 of 3 |
| Country (United States) | 16 of 95 |
| Year (2002) | 6 of 12 |
| Size (of disclosed) | 52 of 53 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-03-26 |
TELCAST Media Group
Munich, Germany Developer of innovative TV programmes and systems. |
Buy | $10M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-04-24 |
Procognia
Maidenhead, Berks, United Kingdom Procognia Limited develops and commercializes proteomic technologies. |
Buy | - |
| Category | Company |
|---|---|
| Sector | Information Technology |
Computer Horizons Corp. is a provider of IT services.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Information Technology) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2002) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
