M&A Deal Summary |
|
|---|---|
| Date | 2014-09-15 |
| Target | The TriZetto Group |
| Sector | Software |
| Buyer(s) | Cognizant |
| Sellers(s) |
Apax
Prospect Capital Management Blue Cross Blue Shield Association Cambia Health Solutions |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.7B USD |
| Advisor(s) | Goldman Sachs (Financial) Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Founded | 1994 |
| Sector | Information Technology |
| Employees | 344,400 |
| Revenue | 19.4B USD (2023) |
Cognizant is a provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Cognizant was incorporated in 1994 and is based in Teaneck, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 55 |
| Sector (Software) | 2 of 7 |
| Type (Add-on Acquisition) | 11 of 46 |
| State (Colorado) | 1 of 1 |
| Country (United States) | 7 of 27 |
| Year (2014) | 2 of 4 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-15 |
itaas
Duluth, Georgia, United States itaas provides unique software engineering experience and expertise in the development, testing, integration and deployment of digital video delivery across cable, IP, and wireless technologies on multiple platforms including HTML5, iOS, Android, and RDK. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-07 |
Cadient Group
King of Prussia, Pennsylvania, United States Cadient Group is a full-service digital marketing agency that serves a broad spectrum of life sciences companies in the pharmaceutical, biotechnology, consumer health, and medical device industries. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 77.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 98 of 171 |
| Sector (Software) | 8 of 15 |
| Type (Add-on Acquisition) | 40 of 59 |
| State (Colorado) | 2 of 3 |
| Country (United States) | 40 of 63 |
| Year (2014) | 8 of 10 |
| Size (of disclosed) | 12 of 50 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-03 |
Kinetic Concepts
San Antonio, Texas, United States Kinetic Concepts, Inc. is a developer and marketer of an innovative medical devices for advanced wound healing and therapeutic treatment systems that address skin breakdown, pulmonary complications, and circulation problems associated with patient immobility. KCI's medical devices and therapeutic systems include V.A.C.® Therapy Systems, as well as specialty beds, mattress replacement systems, wheelchair seating, and related devices. KCI serves hospitals, nursing homes, and home care settings both in the U.S. and abroad. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-15 |
Exact
Delft, Netherlands Exact is a provider of business software solutions. Its integrated solutions comprise traditional enterprise resource planning (ERP) as well as related software solutions such as human resource management (HRM), customer relationship management (CRM), corporate performance management (CPM), project management, and electronic workflow. Exact was founded in 1984 and headquartered in Delft, Netherlands. |
Buy | €730M |
| Category | Business Development Company |
|---|---|
| Founded | 1988 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 48 |
| Sector (Software) | 1 of 1 |
| Type (Add-on Acquisition) | 9 of 17 |
| State (Colorado) | 2 of 2 |
| Country (United States) | 28 of 47 |
| Year (2014) | 7 of 8 |
| Size (of disclosed) | 1 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-04 |
Capstone Logistics
Peachtree Corners, Georgia, United States Capstone Logistics is a provider of outsourced supply chain solutions at nationwide distribution centers catering to the grocery, foodservice, retail, automotive, and 3PL verticals. Capstone was founded in 2011 and is based in Peachtree Corners, Georgia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-14 |
Ajax Rolled Ring & Machine
York, South Carolina, United States Ajax Rolled Ring & Machine, Inc. is a manufacturer of seamless rolled rings. Ajax provides heat treating, machining, and shot blasting of the forged rings. The rings are consumed in various global end markets, including mining, construction, oil and gas, and power generation. Ajax Rolled Ring & Machine was founded in 1956 and is based in York, South Carolina. |
Sell | - |
| Category | Company |
|---|---|
| Sector | Insurance |
The Blue Cross Blue Shield Association is a federation of 37 separate health insurance organizations and companies in the United States.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Software) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Colorado) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-04-11 |
The TriZetto Group
Denver, Colorado, United States The TriZetto Group develops, licenses and manages software solutions for the US health insurance industry. The TriZetto Group is based in Denver, Colorado. |
Buy | $1.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-25 |
ikaSystems
Southborough, Massachusetts, United States ikaSystems Corp. is a provider of integrated online software applications to the healthcare payer industry. |
Buy | - |
Cambia Health Solutions, Inc. provides health solutions in the United States.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Software) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Colorado) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-04-11 |
The TriZetto Group
Denver, Colorado, United States The TriZetto Group develops, licenses and manages software solutions for the US health insurance industry. The TriZetto Group is based in Denver, Colorado. |
Buy | $1.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-26 |
Onlife Health
Brentwood, Tennessee, United States Onlife Health brings end-to-end simplicity to population health and wellness, connecting and integrating people, technology, and benefit design through our user-friendly engagement platform to guide members to the next right thing to do in their health care journey. |
Sell | - |
