M&A Deal Summary

Susquehanna Growth Equity, Five Arrows, TA Associates and Nordic Capital Acquire RLDatix

On July 1, 2013, growth capital firm Susquehanna Growth Equity, private equity firm Five Arrows, private equity firm TA Associates and private equity firm Nordic Capital acquired internet software and services company RLDatix from Bowmark Capital

Acquisition Highlights
  • This is Susquehanna Growth Equity’s 8th, Five Arrows’ 1st, TA Associates’ 11th and Nordic Capital’s 1st transaction in the Internet Software and Services sector.
  • This is Susquehanna Growth Equity’s 17th, Five Arrows’ 1st, TA Associates’ 168th and Nordic Capital’s 4th transaction in the United States.
  • This is Susquehanna Growth Equity’s 2nd, Five Arrows’ 1st, TA Associates’ 9th and Nordic Capital’s 1st transaction in Illinois.

M&A Deal Summary

Date 2013-07-01
Target RLDatix
Sector Internet Software and Services
Buyer(s) Susquehanna Growth Equity
Five Arrows
TA Associates
Nordic Capital
Sellers(s) Bowmark Capital
Deal Type Secondary Buyout

Target

RLDatix

Chicago, Illinois, United States
RLDatix is a specialty healthcare governance, risk, compliance (GRC), and workforce management software provider. RLDatix’s suite of cloud-based software solutions enable customers to address daily GRC functions through its interconnected modular solutions, including incident and regulatory management, risk and compliance management, contract management, workforce management and vendor credentialing. RLDatix was founded in 1986 and is based in Chicago, Illinois.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 4

Buyer

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $10 to $200 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 20 of 70
Sector (Internet Software and Services) 8 of 32
Type (Secondary Buyout) 2 of 4
State (Illinois) 2 of 6
Country (United States) 17 of 53
Year (2013) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Credit Karma

San Francisco, California, United States

Credit Karma, Inc. is a provider of free consumer credit scores, delivered online and via mobile devices to users on-demand. Credit Karma provides these customers comprehensive, consolidated, and integrated views of their financial condition through credit scores and personalized financial analytics and gives users access to unique offers from consumer financial services companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-17 Versafe

Tel Aviv, Israel

Versafe Ltd. is a provider of SaaS web anti-fraud, anti-phishing, and anti-malware solutions. Versafe’s platform enables organizations to proactively ensure the integrity of each online relationship, protecting users from the spectrum of malware and online threat types, across all devices, while being fully transparent to the end-user.

Sell -
Buyer

Five Arrows

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 24.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Five Arrows Principal Investments is a mid-cap investor in Western European companies. Five Arrows can invest across the capital structure (equity, equity-linked, mezzanine, convertible debt) and generally focused on primary or secondary buyouts, growth financings, and balance sheet restructurings. The Group does not have any sector preferences, but typically looks for businesses with high barriers to entry and predictable earnings. Five Arrows can commit €30 to €400 million per investment. Five Arrows is a unit of Rothschild Bank. The Group has offices in Paris, Luxembourg, and London.


DEAL STATS #
Overall 13 of 55
Sector (Internet Software and Services) 1 of 8
Type (Secondary Buyout) 8 of 33
State (Illinois) 1 of 1
Country (United States) 1 of 9
Year (2013) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-07 SOCOTEC

Guyancourt, France

SOCOTEC is a provider of inspection and risk management services in the fields of quality, health, safety and environment. Socotec has gradually and successfully diversified its product offering and is today present in a wide range of TIC ('Testing, Inspection and Certification') segments, focussing on asset preservation: equipment inspection, real estate diagnostics and testing and inspection within the Energy sector (notably Nuclear and Oil & Gas). SOCOTEC was founded in 1953 and is based in Guyancourt, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 Numericable-SFR

Paris, France

Numericable-SFR is the cable operator providing digital television, broadband and telephony services to the residential market ('B2C'). The company also serves the enterprise market ('B2B') in France, Belgium, and Luxembourg.

Sell -
Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 200 of 364
Sector (Internet Software and Services) 11 of 26
Type (Secondary Buyout) 13 of 69
State (Illinois) 9 of 13
Country (United States) 168 of 263
Year (2013) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-24 Fractal Analytics

Mumbai, India

Fractal Analytics is a provider of advanced analytics services and helps companies across the globe enhance profitability with the help of scientific decision-making. Fractal has deployed analytics to drive significant value for many Fortune 1000 companies in the areas of customer acquisition, retention, value enhancement, risk management, and marketing optimization. Fractal Analytics was founded in 2000 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-11 Prometheus Group

Raleigh, North Carolina, United States

Prometheus Group is a global provider of comprehensive and intuitive enterprise asset management software solutions specializing in improving the efficiency and effectiveness of maintenance planning, scheduling, and execution. Developed jointly with end users, Prometheus software enhances the customer experience with intuitive functionality, graphical visualization, and simple processes, enabling the company’s customers to increase productivity, reduce costs and improve reporting. Prometheus Group is based in Raleigh, North Carolina.

Buy -
Buyer

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 69 of 140
Sector (Internet Software and Services) 1 of 7
Type (Secondary Buyout) 13 of 45
State (Illinois) 1 of 1
Country (United States) 4 of 15
Year (2013) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-25 EG A/S

Herning, Denmark

EG A/S is an IT service company. EG supplies IT solutions and consultancy services for the Scandinavian market, primarily Denmark. The core of product portfolio is ERP solutions for selected industry verticals. EG offers standard MBS / SAP based ERP solutions, development of special IT solutions as well as management consultancy services. EG was founded in 1977 and is based in Herning, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-02 Acino

Zurich, Czech Republic

Acino is a pharmaceutical company focused on developing, manufacturing and marketing well-proven and innovative pharmaceuticals in novel drug delivery forms. Acino was founded in 1836 and is based in Zurich, Czech Republic.

Buy Fr.398M

Seller(S) 1

SELLER

Bowmark Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Bowmark Capital is a private equity firm that targets investments in smaller, growth-oriented companies based in the UK. Bowmark considers investments across a range of industries with a strong interest in Business & Financial Services, Consumer & Leisure, Education & Training, Healthcare, Media, and Technology. Bowmark funds individual equity investments of up to £200 million and focuses on investing in UK companies which are valued between £25 million and £300 million. Bowmark was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 13 of 30
Sector (Internet Software and Services) 1 of 2
Type (Secondary Buyout) 6 of 16
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-22 Drake & Morgan

London, United Kingdom

Drake & Morgan is an innovative bar-restaurant chain combining a stylish and accessible environment with unique all-day food and drinks offering. All dishes use seasonal, locally sourced ingredients, and there are over 25 wines available by the glass, along with a range of imaginative cocktails. Other features include a “mixology” bar, a deli counter, and master classes for customers in cocktail making, wine tasting, and butchery. Drake & Morgan was founded in 2008 and is based in London, United Kingdom.

Buy £30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 The Romans Group

United Kingdom

A leading independent property services business with a network of 18 branches across the South of England.

Buy -