M&A Deal Summary

Roper Technologies Acquires Sunquest Information Systems

On July 30, 2012, Roper Technologies, Inc. acquired medical products company Sunquest Information Systems, Inc. from HGGC and Vista Equity Partners for 1.4B USD

Acquisition Highlights
  • This is Roper Technologies’ 3rd transaction in the Medical Products sector.
  • This is Roper Technologies’ 4th largest (disclosed) transaction.
  • This is Roper Technologies’ 11th transaction in the United States.
  • This is Roper Technologies’ 1st transaction in Arizona.

M&A Deal Summary

Date 2012-07-30
Target Sunquest Information Systems, Inc.
Sector Medical Products
Buyer(s) Roper Technologies, Inc.
Sellers(s) HGGC
Vista Equity Partners
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Jefferies LLC (Financial)

Target

Sunquest Information Systems, Inc.

Tucson, Arizona, United States
website
Sunquest Information Systems, Inc. is a provider of clinical and financial software solutions for the healthcare industry. The company designs, develops, and supports a comprehensive suite of information products for hospitals and commercial laboratories that include best-of-breed laboratory, radiology, and pharmacy software systems.

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Buyer(S) 1

Buyer

Roper Technologies, Inc.

Sarasota, Florida, United States

website


Category Company
Founded 1981
SectorInformation Technology
Employees18,400
Revenue 5.5B USD (2020)
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 14 of 33
Sector (Medical Products) 3 of 5
Type (Add-on Acquisition) 14 of 33
State (Arizona) 1 of 1
Country (United States) 11 of 28
Year (2012) 1 of 1
Size (of disclosed) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-10 Northern Digital, Inc.

Waterloo, Ontario, Canada

Northern Digital, Inc. is a developer and manufacturer of optical and electromagnetic technology for image-guided surgical, industrial test and measurement, and research applications. With over 9,000 advanced measurement systems installed worldwide, products are used for computer-assisted surgery and therapy, industrial part development and quality control, and other applications such as clinical gait analysis and sports and biomechanics research. The company was founded in 1981 and is based in Waterloo, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-17 Managed Health Care Associates, Inc.

Florham Park, New Jersey, United States

Managed Health Care Associates, Inc. is a health care services and technology company. MHA offers a variety of services to pharmaceutical manufacturers selling to the LTC industry, including contract administration, marketing, and continuing education. Managed Health Care Associates was formed in 1989 and is based in Florham Park, New Jersey.

Buy $1.0B

Seller(S) 2

SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 4.3B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks to invest $25 to $100 million in companies generating sales of $75 million to $1 billion. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.


DEAL STATS #
Overall 4 of 19
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 4 of 12
State (Arizona) 1 of 1
Country (United States) 3 of 15
Year (2012) 2 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-09 Turner Bros.

Oklahoma City, Oklahoma, United States

Turner Bros is a provider of industrial plant maintenance services using its extensive fleet of cranes and specialized transportation equipment. Turner focuses on providing routine and turnaround maintenance and related industrial services to the refining, chemical, power generation, oil and gas, mining and pulp and paper industries, primarily in the Gulf Coast region.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Power Holdings (T&D Solutions)

Alexandria, Louisiana, United States

Power Holdings (T&D Solutions) is a provider of construction and maintenance services for electric transmission and distribution lines throughout the Southwest, Central South, Midwest, and Eastern United States.

Sell $380M
SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 57.0B USD
SizeMega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized private equity firm focused on investing in software and technology enabled services. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas with additional offices in Chicago, Illinois; Oakland, California; and San Francisco, California.


DEAL STATS #
Overall 12 of 58
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 7 of 27
State (Arizona) 1 of 1
Country (United States) 10 of 53
Year (2012) 2 of 4
Size (of disclosed) 6 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Bullhorn, Inc.

Boston, Massachusetts, United States

Bullhorn is a provider of SaaS-based front office software for staffing and recruiting firms. Bullhorn’s offerings combine applicant tracking, customer relationship management, social media recruiting, online job posting, candidate sourcing, email and calendar integration, and business development tools. Bullhorn’s products handle over 150,000 monthly job orders and placements for more than 5,000 clients and 45,000 users across 35 countries. Bullhorn was founded in 1999 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-07 Aptean, Inc.

Atlanta, Georgia, United States

Aptean, Inc. is a provider of industry-specific software solutions that help businesses manage their resources, supply chains, employees, and customer relationships. Aptean provides very specific industries with very specific ERP, supply chain management and customer experience solutions. In today’s fast-paced, highly competitive economy, organizations don’t have time to waste forcing homegrown software, spreadsheets and one-size-fits-all solutions to do things they were never designed to do. That’s why over 2,500 highly specialized organizations in more than 20 industries and 54 countries rely on Aptean to streamline their everyday operations.

Buy -