M&A Deal Summary

Advent Partners Acquires Medtech Global

On June 3, 2020, private equity firm Advent Partners acquired internet software and services company Medtech Global

Acquisition Highlights
  • This is Advent Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Advent Partners’ 2nd transaction in New Zealand.

M&A Deal Summary

Date 2020-06-03
Target Medtech Global
Sector Internet Software and Services
Buyer(s) Advent Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Medtech Global

Auckland, New Zealand
Medtech Global is a SaaS business that provides mission-critical software to ~18,000 GP, Allied Health and Specialist users across Australia and NZ. It offers an all-encompassing suite of features including core practice management and administrative functions, kiosks, SMS reminders, cloud hosting and a range of integrations with third-party providers. Medtech Global is based in Auckland, New Zealand.

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Buyer(S) 1

Buyer

Advent Partners

Melbourne, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 700M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Advent Private Capital is an Australian private equity firm focused on investing in privately owned, growing businesses, with strong management and sustainable competitive advantages. Advent looks to invest in businesses valued between $15 and $100 million AUS with operating profits of at least $4 million. Advent considers itself a generalist private equity firm with an expansive industry focus, however, the Firm has a history of targeting manufacturing and service-based businesses. Advent will not invest in property development, resources, primary production, listed companies, start-ups or early-stage transactions. Advent was formed in 1984 and is based in Melbourne.


DEAL STATS #
Overall 25 of 28
Sector: Internet Software and Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 10
Country: New Zealand M&A 2 of 3
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Flintfox

Auckland, New Zealand

Flintfox is a developer of trade revenue management (TRM) software. Flintfox’s software is used by global trade and enterprise organisations to manage, track, and reconcile trade promotion and rebate expenditure, and execute multi-channel pricing strategies. Flintfox was founded in 1987 and is based in Auckland, New Zealand.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 Zero Latency VR

Adelaide, Australia

Zero Latency VR is an international virtual reality powerhouse that creates immersive VR experiences, for up to 8 players, by combining premium hardware and player wearables with its market-leading technology, proprietary software and exclusive gaming content. Zero Latency VR is based in Adelaide, Australia.

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