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M&A Deal Summary

Everstone Capital and Goldman Sachs Asset Management Acquire Cprime

On January 10, 2023, private equity firm Everstone Capital and Goldman Sachs Asset Management acquired information technology company Cprime from Alten

Acquisition Highlights
  • This is Everstone Capital’s 3rd and Goldman Sachs Asset Management’s 1st transaction in the Information Technology sector.
  • This is Everstone Capital’s 5th and Goldman Sachs Asset Management’s 12th transaction in the United States.
  • This is Everstone Capital’s 1st and Goldman Sachs Asset Management’s 3rd transaction in Texas.

M&A Deal Summary
Date 2023-01-10
Target Cprime
Sector Information Technology
Buyer(s) Everstone Capital
Goldman Sachs Asset Management
Sellers(s) Alten
Deal Type Divestiture

Target

Cprime

Plano, Texas, United States
Cprime is a full-service global consulting firm with a focus on providing integrated and innovative solutions around digital transformation, product, cloud, and technology. Cprime was founded in 2003 and is based in Plano, Texas.

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Buyer(S) 2

Buyer

Everstone Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 3.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Everstone Group is a private equity firm focused on traditional private equity investments as well as real estate transactions. Within private equity, the Firm seeks to invest in businesses focused on domestic consumption as well as companies that are 'enablers of domestic infrastructure'. Everstone is a 'hands on' investor, willing to take an active role in managing investments. Within real estate, Everstone looks for retail, and mixed use developments, as well as industrial warehouses. Everstone Group was formed in 2006 and is based in Singapore.

DEAL STATS #
Overall 30 of 31
Sector: Information Technology M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 Softgel Healthcare

Chennai, India

Softgel Healthcare is a specialized niche dosage firm-focused CDMO player servicing the global nutraceutical, pharmaceutical, and OTC segments. Softgel Healthcare is based in Chennai, Tamil Nadu.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Serviont

Princeton, New Jersey, United States

Servion is an independent technology-agnostic provider of Customer Experience (CX) and Digital Engineering solutions. The company offers comprehensive digital-enabled omnichannel solutions with expertise in designing and integrating complex APIs within the CX ecosystem. Servion is based in Princeton, New Jersey.

Sell -
Buyer

Goldman Sachs Asset Management

New York, New York, United States
Category Company
Sector Financial Services
DESCRIPTION

Goldman Sachs Asset Management (dba GSAM) is the asset management arm of The Goldman Sachs Group. GSAM offers advisory services to individuals and institutional clients around the world from offices in the US, Europe, and Asia.

DEAL STATS #
Overall 14 of 23
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Texas M&A 3 of 3
Country: United States M&A 12 of 19
Year: 2023 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Sani/Ikos Group

Halkidiki, Greece

Sani/Ikos Group is an operator of a luxury beach resort group that currently owns and operates in excess of 2,700 rooms spread across 10 unique resorts in Greece and Spain. Sani/Ikos Group is based in Halkidiki, Greece.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-14 ImageFIRST

King of Prussia, Pennsylvania, United States

ImageFIRST is a linen rental and laundry service company specializing in the healthcare market throughout the U.S. ImageFIRST was founded in 1967 and is based in King of Prussia, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Alten

Boulogne-Billancourt, France
Category Company
Founded 1988
Sector Information Technology
Employees56,373
Revenue 4.1B EUR (2024)
DESCRIPTION

Alten is a technology consulting and engineering company worldwide. Alten provides networks and telecoms architecture, as well as develops IT systems for information systems departments. Alten was founded in 1988 and is based in Boulogne-Billancourt, France.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Uniware Global Services

Neuilly-sur-Seine, France

Uniware Global Services is a provider of Consultancy and intellectual services on infrastructure and development projects to IT departments. Uniware Global Services was founded in 2010 and is based in Neuilly-sur-Seine, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 Worldgrid

Bezons, France

Worldgrid provides consulting and engineering services to energy and utility companies. Worldgrid is based in Bezons, France.

Buy €270M
Mergr

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