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M&A Deal Summary

EQT Acquires Press Ganey

On August 9, 2016, private equity firm EQT acquired information services company Press Ganey for 2.4B USD

Acquisition Highlights
  • This is EQT’s 3rd transaction in the Information Services sector.
  • This is EQT’s 14th largest (disclosed) transaction.
  • This is EQT’s 13th transaction in the United States.
  • This is EQT’s 1st transaction in Indiana.
Investment Fate
  • Press Ganey was sold to a consortium of financial buyers in 2019.

M&A Deal Summary
Date 2016-08-09
Target Press Ganey
Sector Information Services
Buyer(s) EQT
Deal Type Going Private
Deal Value 2.4B USD
Advisor(s) Barclays Investment Bank
Goldman Sachs (Financial)
Latham & Watkins
Richards, Layton & Finger (Legal)

Target

Press Ganey

South Bend, Indiana, United States
Press Ganey is a provider of healthcare performance solutions for hospitals, healthcare and home care providers. Press Ganey utilizes patient and employee surveys to collect vast amounts of proprietary data on behalf of clients to power its industry-leading benchmarking and analytics tools and advisory services. Press Ganey was founded in 1985 and is based in South Bend, Indiana.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 148 of 318
Sector: Information Services M&A 3 of 3
Type: Going Private M&A Deals 8 of 19
State: Indiana M&A 1 of 2
Country: United States M&A 13 of 60
Year: 2016 M&A 8 of 21
Size (of disclosed) 14 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 SFC KOENIG AG

Dietikon, Switzerland

SFC KOENIG AG is a manufacturer of metal–to–metal seal and flow control solutions serving a variety of industries.

Sell €217M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-16 TitanX Engine Cooling AB

Solvesborg, Sweden

TitanX Engine Cooling AB is a provider of powertrain cooling solutions for commercial vehicles and the company serves most of the western world’s OEMs, including Volvo Trucks, Scania, Daimler and Iveco.

Sell -
Mergr

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