M&A Deal Summary

Advent International Acquires SYSPRO

On August 13, 2024, private equity firm Advent International acquired software company SYSPRO

Acquisition Highlights
  • This is Advent International’s 17th transaction in the Software sector.
  • This is Advent International’s 100th transaction in the United States.
  • This is Advent International’s 13th transaction in California.

M&A Deal Summary

Date 2024-08-13
Target SYSPRO
Sector Software
Buyer(s) Advent International
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Torch Partners (Financial)

Target

SYSPRO

Tustin, California, United States
SYSPRO is a software provider specializing in key manufacturing and distribution industries. The solution is scalable and can be deployed in the cloud, on-premise, or both, and accessed via the web on any device to provide customers with choice and flexibility. SYSPRO was founded in 1978 and is based in Tustin, California

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Buyer(S) 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 STATS #
Overall 339 of 353
Sector: Software M&A 17 of 19
Type: Buyout (LBO, MBO, MBI) M&A Deals 153 of 156
State: California M&A 13 of 13
Country: United States M&A 100 of 106
Year: 2024 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 Seek Pet Food

Linyi City, China

Seek Pet Food is a manufacturer of kibbles in China and offers a variety of pet food products in the premium and mid-end segments. The product range includes kibbles, baked food, freeze-dried food, wet cans, wet pouches, and treats. Seek Pet Food was established in 2012 and is based in Shandong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 Neoris

Miami, Florida, United States

Neoris is a provider of an information technology (IT) consulting and systems integration services. Neoris was founded in 2000 and is based in Miami, Florida.

Sell -