M&A Deal Summary

Ardian Acquires PRGX Global

On December 24, 2020, private equity firm Ardian acquired business services company PRGX Global for 195M USD

Acquisition Highlights
  • This is Ardian’s 29th transaction in the Business Services sector.
  • This is Ardian’s 58th largest (disclosed) transaction.
  • This is Ardian’s 55th transaction in the United States.
  • This is Ardian’s 6th transaction in Georgia.

M&A Deal Summary
Date 2020-12-24
Target PRGX Global
Sector Business Services
Buyer(s) Ardian
Deal Type Going Private
Deal Value 195M USD
Advisor(s) Truist Securities (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

PRGX Global

Atlanta, Georgia, United States
PRGX Global is a provider of recovery audit services. PRGX helps companies reach wider, dig deeper, and act faster to get more value out of their source-to-pay data. PRGX Global was founded in 1990 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 382 of 418
Sector (Business Services) 29 of 35
Type (Going Private) 13 of 15
State (Georgia) 6 of 7
Country (United States) 55 of 59
Year (2020) 24 of 24
Size (of disclosed) 58 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 AD Education

Paris, France

AD Education is a European higher education platform that offers higher education courses in fields with a high level of specialization in luxury, design, animation, video games, heritage, gemology, perfume, communication, and digital. AD Education was founded in 2009 and is based in Paris, France.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Proteor

St Apollinaire, France

Proteor is an independent family business that design, manufacture and sales of components for prosthesis, limb orthosis and spinal orthosis for the Professionals of the orthopedic field. Proteor operates in the orthotics and prosthetics market with three main business areas: software, components, and custom orthopedic devices. Proteor is based in Saint-Apollinaire, France.

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Mergr

Product

Company

Legal