M&A Deal Summary

Computer Services Acquires Bluestar Solutions

On August 27, 2004, Computer Services acquired business services company Bluestar Solutions from Trident Capital and Adams Street Partners for 73M USD

Acquisition Highlights
  • This is Computer Services’ 1st transaction in the Business Services sector.
  • This is Computer Services’ largest (disclosed) transaction.
  • This is Computer Services’ 1st transaction in the United States.
  • This is Computer Services’ 1st transaction in California.

M&A Deal Summary

Date 2004-08-27
Target Bluestar Solutions
Sector Business Services
Buyer(s) Computer Services
Sellers(s) Trident Capital
Adams Street Partners
Deal Type Add-on Acquisition
Deal Value 73M USD

Target

Bluestar Solutions

Cupertino, California, United States
Bluestar Solutions, Inc.is an enterprise applications and outsourcing services provider.

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Buyer(S) 1

Buyer

Computer Services

Dallas, Texas, United States

website


Category Company
Founded 1988
Sector Business Services
Employees78,000
DESCRIPTION

Computer Services LLC is a diversified business process outsourcing (BPO) firm. Its expertise is in automating work processes and providing BPO and IT outsourcing services that range from processing over 1 million credit card applications and 12 million student loans each year to providing HR services for more than 4.4 million employees and retirees annually.


DEAL STATS #
Overall 1 of 6
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 6
State (California) 1 of 1
Country (United States) 1 of 4
Year (2004) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-12 Primax Recoveries

Schaumburg, Illinois, United States

Primax Recoveries, Inc. is a provider of subrogation and overpayment recovery services. Primax helps clients improve profitability while maintaining their valued relationships with plan participants, employers, and providers. Clients include commercial insurance carriers, health maintenance organizations, emerging at-risk organizations, self-insured corporations, third-party administrators, and government.

Buy $40M

Seller(S) 2

SELLER

Trident Capital

San Mateo, California, United States

website


Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.


DEAL STATS #
Overall 21 of 85
Sector (Business Services) 3 of 13
Type (Add-on Acquisition) 17 of 63
State (California) 6 of 30
Country (United States) 20 of 80
Year (2004) 5 of 6
Size (of disclosed) 16 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-21 Acclaris

Tampa, Florida, United States

Acclaris provides the services and technology that health plans, benefit consultants and financial institutions rely on to deliver health care and reimbursement account.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-28 boats.com

Norfolk, Virginia, United States

Boats.com is building the premier e-commerce hub for the marine community. The company will unite boaters, marinas, boatyards, brokers, dealers, service businesses, distributors and manufacturers in a mutual exchange to improve the boating and marine experience.

Sell -
SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1972
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 95
Sector (Business Services) 1 of 4
Type (Add-on Acquisition) 3 of 51
State (California) 4 of 41
Country (United States) 8 of 87
Year (2004) 2 of 4
Size (of disclosed) 16 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-22 Proteus Digital Health

Redwood City, California, United States

Proteus Digital Health is a developer of digital products that collect and aggregate various behavioral, physiological and therapeutic metrics. Proteus Digital Health is based in Redwood City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-02 0-In Design Automation

San Jose, California, United States

0-In Design Automation, Inc. is an electronic design automation (EDA) company providing functional verification products that help verify multi-million gate application-specific integrated circuit (ASIC) and system-on-chip (SoC) designs.

Sell -