Investment Summary

Advent International and Silversmith Capital Partners Invest In Iodine Software

On January 1, 2018, private equity firm Advent International and growth capital firm Silversmith Capital Partners invested in software company Iodine Software

Investment Highlights
  • This is Advent International’s 7th and Silversmith Capital Partners’ 4th transaction in the Software sector.
  • This is Advent International’s 73rd and Silversmith Capital Partners’ 13th transaction in the United States.
  • This is Advent International’s 7th and Silversmith Capital Partners’ 2nd transaction in Texas.

Investment Summary

Date 2018-01-01
Target Iodine Software
Sector Software
Investor(s) Advent International
Silversmith Capital Partners
Deal Type Growth Capital

Target

Iodine Software

Austin, Texas, United States
Iodine Software is a provider of artificial intelligence-based software solutions for health systems that reduce errors and omissions in clinical documentation. Iodine Software was established in 2010 and is based in Austin, Texas.

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Investor(S) 2

Investor

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B 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 256 of 339
Sector (Software) 7 of 15
Type (Growth Capital) 18 of 30
State (Texas) 7 of 9
Country (United States) 73 of 100
Year (2018) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-22 Computer Age Management Services

Chennai, India

Computer Age Management Services is a mutual fund transfer agency providing a complete range of investor services to the Indian asset management companies. Computer Age Management Services was formed in 1988 and is based in Chennai, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-25 Circet

Sollies-Pont, France

Circet is a provider of telecoms infrastructure services. Circet's clients include telecoms operators, manufacturers of telecoms equipment, key accounts owning infrastructures, infrastructure operators, the state and local authorities. Circet was founded in 1993 and is based in Sollies-Pont, France.

Buy -
Investor
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $125 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 14 of 38
Sector (Software) 4 of 15
Type (Growth Capital) 7 of 23
State (Texas) 2 of 2
Country (United States) 13 of 33
Year (2018) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Net Health

Pittsburgh, Pennsylvania, United States

Net Health is a provider of software solutions for specialized outpatient care. Net Health offers EHR solutions serve five medical specialty markets and offer clients an end-to-end solution that includes practice management tools, clinical workflow documentation, revenue cycle management, expert coaching, and analytics. Net Health was established in 1993 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Sound Physicians

Tacoma, Washington, United States

Sound Physicians is a physician-founded and led organization providing services across the acute episode of care - through emergency medicine, critical care, hospital medicine, transitional care and advisory services. Our clinicians and business colleagues are committed to improving outcomes for patients and hospitals through a proven performance management model. Sound Physicians was founded in 2001 and is based in Tacoma, Washington.

Buy $2.2B