M&A Deal Summary

Altaris Acquires Chemical Computing Group

On June 8, 2017, private equity firm Altaris acquired software company Chemical Computing Group from Novacap

Acquisition Highlights
  • This is Altaris’ 2nd transaction in the Software sector.
  • This is Altaris’ 1st transaction in Canada.
  • This is Altaris’ 1st transaction in Quebec.

M&A Deal Summary

Date 2017-06-08
Target Chemical Computing Group
Sector Software
Buyer(s) Altaris
Sellers(s) Novacap
Deal Type Secondary Buyout

Target

Chemical Computing Group

Montreal, Quebec, Canada
Chemical Computing Group is a provider of molecular design software for the pharmaceutical, chemical and material industries. CCG’s software platform, the Molecular Operating Environment (“MOE”), streamlines drug discovery and chemical engineering processes by allowing researchers to visualize and predict molecular properties and interactions. Chemical Computing Group was founded in 1994 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Altaris

New York City, New York, United States

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 23 of 36
Sector (Software) 2 of 2
Type (Secondary Buyout) 5 of 6
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Patient Accounts Services

Houston, Texas, United States

Patient Accounts Services LLC is a provider of the healthcare industry with a revenue cycle management/AR Firm that recovers cash in a minimum number of days while providing patients with impeccable, complaint free, and customer service.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-14 Quantum Health

Dublin, Ohio, United States

Quantum Health is a consumer healthcare navigation company that delivers an unparalleled consumer experience based on empathy and trust, enabling employers to achieve industry-leading satisfaction rates and independently validated claim savings. Quantum Health’s model is based on years of consumer research and the insights learned from guiding millions of consumers and their providers through their healthcare journey. Quantum Health was founded in 1999 and is based in Dublin, Ohio.

Sell -

Seller(S) 1

SELLER

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.


DEAL STATS #
Overall 9 of 30
Sector (Software) 1 of 3
Type (Secondary Buyout) 3 of 12
State (Quebec) 6 of 14
Country (Canada) 6 of 19
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 Kingsdown Canada

Vaughan, Ontario, Canada

Kingsdown Canada manufactures and sells luxury hand-crafted mattresses to national furniture retailers, department stores, independent specialty businesses and hotel chains throughout North America. Kingsdown Canada was founded in 1995 and based in Vaughan, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 Bestar

Lac-Megantic, Quebec, Canada

Bestar is a designer, manufacturer and distributor of ready-to-assemble furnishings that meet the needs of consumers in terms of quality, design and functionality. Bestar was founded in 1948 and is based in Lac-Megantic, Quebec.

Buy -