M&A Deal Summary |
|
|---|---|
| Date | 2015-05-01 |
| Target | Fundtech |
| Sector | Software |
| Buyer(s) | D+H |
| Sellers(s) |
GTCR
HarbourVest Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.3B USD |
| Advisor(s) | Barclays Investment Bank RBC Capital Markets (Financial) Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Founded | 1875 |
| Sector | Information Technology |
| Employees | 5,500 |
| Revenue | 1.7B CAD (2016) |
DH Corp. is a financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Company global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Software) | 2 of 2 |
| Type (Add-on Acquisition) | 4 of 4 |
| State (New Hampshire) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-10 |
Millennium Process Group
Toronto, Ontario, Canada Millennium Process Group, Inc. is a provider of contact center, credit card, and back office and administration services to Canadian organizations primarily in the financial services, insurance, and retail sectors. Merchants, which is part of Dimension Data’s CX and Digital Workplace practice is one of South Africa’s leading customer management outsourcing solution providers that designs, builds, and operates contact centers across the globe. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 15.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 84 |
| Sector (Software) | 2 of 4 |
| Type (Add-on Acquisition) | 26 of 40 |
| State (New Hampshire) | 1 of 1 |
| Country (United States) | 47 of 81 |
| Year (2015) | 2 of 9 |
| Size (of disclosed) | 6 of 33 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-13 |
Premium Credit
Surrey, United Kingdom Premium Credit is a provider of premium finance for commercial and retail insurance products. PCL’s products are a key source of funding for consumers and smaller businesses in the purchase of often mandatory products, such as motor, home or fire insurance. The company also provides financing for the payment of annual fees such as membership subscriptions, professional fees, commercial service charges and school fees. Premium Credit was founded in 1988 and is based in Surrey, United Kingdom. |
Sell | £462M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-16 |
Outcomes
Orlando, Florida, United States Outcomes is a developer and supplier of pharmacy management software solutions to the independent, hospital, long-term care, and specialty pharmacy markets across the United States, Mexico, and the Caribbean. Outcomes offers software solutions to enable insurance claims processing, e-prescription connectivity, pharmacy workflow management, and other critical functions for its pharmacist customers. Outcomes was formed in 1977 and is based in Orlando, Florida. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 65 of 132 |
| Sector (Software) | 8 of 16 |
| Type (Add-on Acquisition) | 24 of 57 |
| State (New Hampshire) | 1 of 1 |
| Country (United States) | 41 of 83 |
| Year (2015) | 7 of 14 |
| Size (of disclosed) | 18 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-29 |
MedOptions
Old Saybrook, Connecticut, United States MedOptions is a provider of behavioral health and primary medical care services to skilled nursing and assisted living facility residents in Connecticut and Rhode Island. MedOptions was founded in 1996 and is based in Old Saybrook, Connecticut. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-05-11 |
Acclaris
Tampa, Florida, United States Acclaris provides the services and technology that health plans, benefit consultants and financial institutions rely on to deliver health care and reimbursement account. |
Sell | - |
