Buyout (LBO, MBO, MBI) • Information Technology

Advent International Acquires Synergon Information Systems

On September 1, 1997, private equity firm Advent International acquired information technology company Synergon Information Systems

Acquisition Context
  • This is Advent International’s 3rd transaction in the Information Technology sector.
  • This is Advent International’s 3rd transaction in Hungary.
Investment Fate
  • Synergon Information Systems went public in 1999.

Explore All 1201 Buyout (LBO, MBO, MBI) Information Technology Deals - Search the Database Free


M&A Deal Summary

Date September 1, 1997
Target Synergon Information Systems
Sector Information Technology
Buyer(s) Advent International
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Synergon Information Systems

Budapest, Hungary
Synergon is a leading Hungarian provider of IT services encompassing systems integration, enterprise resource planning and financial software development.
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Buyer Overview 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 38 of 353
Sector: Information Technology 3 of 29
Type: Buyout (LBO, MBO, MBI) 28 of 156
Country: Hungary 3 of 5
Year: 1997 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-01 Pemco International BV

Nijmegen, Belgium

Producer of enamel and ceramic frits.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 National PetCare Centers

Fort Collins, Colorado, United States

National PetCare Centers (NPC) operates veterinary hospitals in the United States.

Buy -