M&A Deal Summary

ABRY Partners Acquires Anju Software

On February 28, 2019, private equity firm ABRY Partners acquired software company Anju Software from PSG

Acquisition Highlights
  • This is ABRY Partners’ 9th transaction in the Software sector.
  • This is ABRY Partners’ 113th transaction in the United States.
  • This is ABRY Partners’ 5th transaction in Arizona.

M&A Deal Summary
Date 2019-02-28
Target Anju Software
Sector Software
Buyer(s) ABRY Partners
Sellers(s) PSG
Deal Type Recapitalization

Target

Anju Software

Tempe, Arizona, United States
Anju Software is a provider of comprehensive software solutions to the life sciences industry that provides an integrated platform spanning clinical operations, medical affairs, and commercial divisions, including integrated data intelligence. Anju has combined deep industry and software domain expertise to build a next generation platform for the life sciences sector that can scale to provide solutions that meet customers’ needs from “molecule to retirement.” Anju provides end-to-end software solutions that help customers manage mission-critical pharma processes and turn data into actionable insights. Anju solutions are used by large and small pharmaceutical companies, contract research organizations, full service agencies, and medical device companies. Anju Software is based in Tempe, Arizona.

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Buyer(S) 1

Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 129 of 171
Sector (Software) 9 of 12
Type (Recapitalization) 13 of 15
State (Arizona) 5 of 7
Country (United States) 113 of 145
Year (2019) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Sermo

New York, New York, United States

Sermo is a global social platform for physicians that fosters impactful peer-to-peer collaboration & discussions through meaningful insights, data, and trends. It is the most trusted global platform for physicians with over 800,000 fully verified and licensed physicians across 150 countries. The platform enables doctors to anonymously talk real-world medicine, review treatment options via our proprietary drug ratings platform, collectively solve patient cases, and earn honorarium from surveys. Through Sermo’s unique community, pharmaceutical and healthcare partners can drive physician awareness and gain deep understanding of brand perceptions to benefit the medical community at large. Sermo was founded in 2000 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Dr. Dental

Framingham, Massachusetts, United States

Dr. Dental is a dental management service organization. Dr. Dental supports affiliates in all non-clinical aspects of dental practice, including staffing, patient scheduling, billing and collections, financial reporting and analysis, group purchasing, payroll, marketing, education, and training. Dr. Dental was founded in 2004 and is based in Framingham, Massachusetts.

Buy -

Seller(S) 1

SELLER

PSG

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 2 of 8
Sector (Software) 1 of 2
Type (Recapitalization) 1 of 1
State (Arizona) 1 of 1
Country (United States) 2 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Jobcase

Cambridge, Massachusetts, United States

Jobcase is dedicated to empowering and advocating for the world's workers. As a social media platform, Jobcase develops technology to help more than 110 million registered members lead better, more meaningful work lives by providing access to jobs, tools, resources, and a supportive community. Jobcase technology also powers a network of job sites and many nonprofit-driven activities via its Jobcase network. Jobcase was founded in 2015 and is based in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Nextlane

Paris, France

Nextlane is a provider of CRM solutions to OEMs and automotive dealers. The company is engaged in the development of global customer management solutions for sales, marketing, and aftersales in automotive industry. Nextlane was founded in 2000 and is based in Paris, France.

Buy -
Mergr

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