M&A Deal Summary |
|
|---|---|
| Date | 2025-11-20 |
| Target | Intelerad |
| Sector | Software |
| Buyer(s) | GE Healthcare |
| Sellers(s) |
HgCapital
TA Associates |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.3B USD |
| Advisor(s) | UBS Investment Bank (Financial) Skadden, Arps, Slate, Meagher & Flom (Legal) |
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| Category | Company |
|---|---|
| Founded | 1994 |
| Sector | Medical Products |
GE Healthcare, a unit of General Electric Company is a provider of medical technologies and services. GE Healthcare has expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, performance improvement, life sciences, drug discovery, and biopharmaceutical manufacturing technologies. GE Healthcare is based in Westborough, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 34 |
| Sector: Software M&A | 3 of 3 |
| Type: Add-on Acquisition M&A Deals | 29 of 29 |
| State: Quebec M&A | 2 of 2 |
| Country: Canada M&A | 2 of 2 |
| Year: 2025 M&A | 2 of 2 |
| Size (of disclosed) | 1 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-10 |
icometrix
Leuven, Belgium icometrix provides AI-powered brain imaging analysis through its icobrain platform, offering clinicians valuable insights into neurological disorders. The company extracts key data from brain MRI scans, facilitating more accurate diagnoses and personalized treatment plans across hospitals globally. Furthermore, it collaborates with pharmaceutical companies to support strategic drug development, clinical trials, real-world evidence, and market access needs. icometrix was formed in 2011 and is based in Leuven, Belgium. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 70.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.
| DEAL STATS | # |
|---|---|
| Overall | 97 of 97 |
| Sector: Software M&A | 24 of 24 |
| Type: Add-on Acquisition M&A Deals | 47 of 47 |
| State: Quebec M&A | 1 of 1 |
| Country: Canada M&A | 1 of 1 |
| Year: 2025 M&A | 3 of 3 |
| Size (of disclosed) | 2 of 36 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-10-16 |
GTreasury
Buffalo Grove, Illinois, United States GTreasury is a provider of treasury management software for organizations spanning the world. GTreasury’s solution illuminates a treasury’s liquidity by centralizing all incoming and outgoing banking activities, along with tracking all financial instrument activities. GTreasury was founded in 1986 and is based in Buffalo Grove, Illinois. |
Sell | $1.0B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1968 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 260 of 260 |
| Sector: Software M&A | 58 of 58 |
| Type: Add-on Acquisition M&A Deals | 133 of 133 |
| State: Quebec M&A | 3 of 3 |
| Country: Canada M&A | 6 of 6 |
| Year: 2025 M&A | 4 of 4 |
| Size (of disclosed) | 6 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-10-02 |
FinQuery
Atlanta, Georgia, United States FinQuery is a provider of software built to simplify the complexities of accounting. FinQuery was founded in 2011 and is based in Atlanta, Georgia. |
Buy | - |
