Secondary Buyout • Software

Advent International Acquires Transaction Services Group

On June 27, 2019, private equity firm Advent International acquired software company Transaction Services Group from Calera Capital

Acquisition Context
  • This is Advent International’s 9th transaction in the Software sector.
  • This is Advent International’s 1st transaction in New Zealand.
Investment Fate
  • Transaction Services Group merged with another company in 2021.

Explore All 500 Secondary Buyout Software Deals - Search the Database Free


M&A Deal Summary

Date June 27, 2019
Target Transaction Services Group
Sector Software
Buyer(s) Advent International
Sellers(s) Calera Capital
Deal Type Secondary Buyout

Target Company

Transaction Services Group

Auckland, New Zealand
Transaction Services Group is an outsourced provider of highly differentiated solutions and technology that enables businesses to efficiently accept recurring payments from customers. Transaction Services Group was founded in 2007 and is based in Auckland, New Zealand.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

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 276 of 353
Sector: Software 9 of 19
Type: Secondary Buyout 46 of 58
Country: New Zealand 1 of 1
Year: 2019 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-07 Vitaldent

Madrid, Spain

Vitaldent is an operator of a network of dental care clinics. Vitaldent operates approximately 300 owned and franchised clinics in Spain, making it one of the largest dental chain networks in Europe. Vitaldent offers a wide range of services, including general odontology, surgery and implants, endodontics, dental aesthetics, prosthesis orthodontics, and pediatric dentistry. Vitaldent was founded in 1991 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Addiko Bank

Vienna, Austria

Addiko Bank is a universal bank that offers unsecured personal loan products for consumers and working capital loans for its SME customers and is largely funded by retail deposits. Addiko Bank is based in Vienna, Austria.

Sell -

Seller Profile 1

SELLER

Calera Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Calera Capital Partners LP is a private equity firm that targets investments in mid-sized North American businesses valued up to $750 million. Calera Capital looks to invest at least $35 million of equity capital per transaction. Target industries include manufacturing, software, healthcare, consumer products and services. Prospective transaction situations include leveraged recapitalizations of privately held companies, restructurings, growth financings/acquisitions, corporate spin-offs, and take-private situations. Calera seeks businesses with leading market positions, attractive margins, and strong organic growth. Calera Capital was formerly known as Fremont Partners, a unit of the Fremont Group. Calera Capital was formed in 1991 and has offices in San Francisco, California and Boston, Massachusetts.


Deal Context for Seller #
Overall 22 of 25
Sector: Software 1 of 1
Type: Secondary Buyout 7 of 8
Country: New Zealand 1 of 1
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Bay State Physical Therapy

Braintree, Massachusetts, United States

Bay State Physical Therapy is a provider of physical therapy and chiropractic services. The company provides a wide range of evidence-based treatments, including therapeutic exercise, joint mobilization, soft tissue mobilization, neuromuscular education, spinal manipulation, and aquatic therapy. The Company operates more than 50 physical therapy clinics and 11 co-located chiropractic offices across Massachusetts and New Hampshire. Bay State was founded in 1995 and is based in Braintree, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Risk Transfer Group

Jersey, United Kingdom

Risk Transfer Group Ltd. provides insurance and reinsurance solutions in broking, underwriting and captive management in most major global wholesale markets. The company's brands include RFIB, the leading independent wholesale broker and Limehouse Agencies the fast-growing MGA and captive manager.

Sell -