M&A Deal Summary

Baan Company N.V. Acquires Aurum Technology

On May 19, 1997, Baan Company N.V. acquired business services company Aurum Technology from Silver Oak Services Partners, Willis Stein & Partners and Peachtree Equity Partners for 275M USD

Acquisition Highlights
  • This is Baan Company N.V.’s 1st transaction in the Business Services sector.
  • This is Baan Company N.V.’s largest (disclosed) transaction.
  • This is Baan Company N.V.’s 1st transaction in the United States.
  • This is Baan Company N.V.’s 1st transaction in Texas.

M&A Deal Summary

Date 1997-05-19
Target Aurum Technology
Sector Business Services
Buyer(s) Baan Company N.V.
Sellers(s) Silver Oak Services Partners
Willis Stein & Partners
Peachtree Equity Partners
Deal Type Add-on Acquisition
Deal Value 275M USD

Target

Aurum Technology

Plano, Texas, United States
Aurum Technology, Inc. was a national provider of outsourced technology services to over 1,100 community banks, savings institutions and credit unions based in Plano, Texas. Products and services included core data processing services along with ancillary services, including ATM processing, network services, check processing and online banking services.

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Buyer(S) 1

Buyer

Baan Company N.V.

Barneveld, Netherlands

Category Company
Founded 1978
Sector Software
DESCRIPTION

Baan was a vendor of enterprise resource planning (ERP) software that is now owned by Infor Global Solutions. Baan or Baan ERP was also the name of the ERP product created by this company.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (1997) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 3

SELLER

Silver Oak Services Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Silver Oak Services Partners, LLC is a private equity firm focused on service businesses, specifically business services, healthcare services, and consumer services. The Firm targets companies with revenues between $15 and $150 million and EBITDA of $4 to $25 million. The Firm's typical investment size is $10 to $50 million with the ability to invest more through co-investment from the firm's limited partners. The company will not consider investments in start-ups, businesses with project-based revenue models, retail, or restaurants. Silver Oak Services Partners was formed in 1995 and is based in Evanston, Illinois.


DEAL STATS #
Overall 1 of 23
Sector (Business Services) 1 of 7
Type (Add-on Acquisition) 1 of 9
State (Texas) 1 of 3
Country (United States) 1 of 23
Year (1997) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-01 Advantage Payroll Services

Auburn, Maine, United States

Advantage was a leading national provider of outsourced payroll processing and related services to small businesses. The company assisted its clients in managing their payroll processing cycle by calculating, collecting and disbursing payroll funds, remitting payroll taxes and preparing and filing all associated tax returns. In addition, Advantage offered clients a wide range of ancillary products and services, including human resource information software, employee benefit services and workers compensation premium billing.

Buy -
SELLER

Willis Stein & Partners

Northbrook, Illinois, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Willis Stein & Partners is a private equity firm focused on investing in growth-oriented, US-based, middle-market companies valued between $30 and $500 million. Prospective investment situations include buyouts, growth capital financings, corporate divestitures, industry consolidations, and generational changes in ownership. Sectors of interest include business services, consumer products and services, healthcare, manufacturing, media, and telecommunications. Willis Stein & Partners was formed in 1994 and is based in Northbrook, Illinois.


DEAL STATS #
Overall 11 of 47
Sector (Business Services) 1 of 8
Type (Add-on Acquisition) 2 of 6
State (Texas) 1 of 4
Country (United States) 11 of 47
Year (1997) 4 of 6
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-05-01 Racing Champions

Glen Ellyn, Illinois, United States

Racing Champions provides collectible die-cast replicas of NASCAR cars and other cars and figures.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-23 National Veterinary Associates

Agoura Hills, California, United States

National Veterinary Associates, Inc. is one of the largest veterinary and pet care services organizations in the world. NVA partners with over 700 general practice hospitals, specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Canada, Australia, and New Zealand. NVA’s 14,000 team members and 2,600 veterinarians are united by a common purpose – a love for animals and the people who love them – and a common mission – to improve the comfort and well-being of animals by providing progressive and compassionate care. NVA’s veterinarians and animal care professionals provide a full range of medical and surgical services. T

Buy -
SELLER

Peachtree Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 170M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Peachtree Equity Partners is a Southeast US based private equity firm that provides non-control equity capital to smaller middle market companies. Peachtree allows business owners to retain control of their companies while accessing capital for growth, acquisitions, or shareholder liquidity. Peachtree's target investment size is $3 to $10 million. Sectors of interest include business services, financial services, government contracting, and specialized manufacturing. Peachtree was formed in 2002 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 13
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 6
State (Texas) 1 of 1
Country (United States) 1 of 12
Year (1997) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-09 Paymap

San Francisco, California, United States

Paymap, Inc. is a provider of an electronic payment products and services to financial institutions.

Sell -