M&A Deal Summary |
|
|---|---|
| Date | 2019-05-30 |
| Target | Prometheus Group |
| Sector | Software |
| Buyer(s) |
Genstar Capital
Advent International Leonard Green & Partners |
| Sellers(s) | Francisco Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 1.0B USD |
| Advisor(s) | Lazard Evercore Group (Financial) Simpson Thacher & Bartlett (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 50.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 80 of 112 |
| Sector: Software M&A | 10 of 12 |
| Type: Secondary Buyout M&A Deals | 32 of 52 |
| State: North Carolina M&A | 6 of 7 |
| Country: United States M&A | 73 of 104 |
| Year: 2019 M&A | 3 of 9 |
| Size (of disclosed) | 2 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-16 |
Palomar
La Jolla, California, United States Palomar is an insurer that focuses on the provision of specialty property insurance for residential and commercial clients. Palomar’s underwriting and analytical acumen allow it to concentrate on certain markets that it believes are underserved by other insurance companies, such as the markets for earthquake, wind and flood insurance. Based in La Jolla, California, the company is an admitted carrier in 25 states. Palomar was founded in 2013 and is based in La Jolla, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-04 |
Procure Analytics
Atlanta, Georgia, United States Procure Analytics is software-centric, data-forward group purchasing organization for MRO and Packaging, leveraging $1B+ in buying power to achieve savings for member companies. Procure Analytics was founded in 2009 and is based in Atlanta, Georgia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 91.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 273 of 353 |
| Sector: Software M&A | 8 of 19 |
| Type: Secondary Buyout M&A Deals | 45 of 58 |
| State: North Carolina M&A | 2 of 2 |
| Country: United States M&A | 79 of 106 |
| Year: 2019 M&A | 6 of 17 |
| Size (of disclosed) | 26 of 51 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-16 |
AccentCare
Dallas, Texas, United States AccentCare is a provider of post-acute healthcare, with partnerships and care models covering the full continuum from personal, non-medical care to skilled nursing, rehabilitation, hospice, and care management. AccentCare was founded in 1999 and is based in Dallas, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-05 |
Definitive Healthcare
Framingham, Massachusetts, United States Definitive Healthcare is a provider of data and intelligence on hospitals, physicians, and other healthcare providers. Definitive Healthcare was founded in 2011 and is based in Framingham, Massachusetts. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 75.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 79 of 107 |
| Sector: Software M&A | 2 of 4 |
| Type: Secondary Buyout M&A Deals | 32 of 48 |
| State: North Carolina M&A | 1 of 2 |
| Country: United States M&A | 74 of 99 |
| Year: 2019 M&A | 3 of 6 |
| Size (of disclosed) | 16 of 29 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-12 |
TopShop/TopMan
Tel Aviv, Israel Topshop is a fast-fashion branded apparel retailer based in England with a growing presence in the United States and other international markets. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-11 |
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. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Focused |
Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 55 of 88 |
| Sector: Software M&A | 18 of 30 |
| Type: Secondary Buyout M&A Deals | 14 of 22 |
| State: North Carolina M&A | 1 of 2 |
| Country: United States M&A | 44 of 73 |
| Year: 2019 M&A | 2 of 8 |
| Size (of disclosed) | 9 of 26 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-28 |
LiveU
Hackensack, New Jersey, United States LiveU is the pioneer of a bonded cellular technology-based live video transmission platform, offered to major live broadcast news networks and sports content owners globally. LiveU's technology enables customers to apply innovation and automation to the entire production workflow. LiveU was founded in 2006 and is based in Hackensack, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-19 |
SmartFocus US
New York, New York, United States SmartFocus delivers real-time, personalized marketing that drives revenue, loyalty and satisfaction. The company's cloud marketing platform helps thousands of marketing organisations drive millions of targeted campaigns each year, connecting customers via email, mobile, social, web and other channels. For more than a decade, focusing on scalability, reliability, and security has made SmartFocus one of the leading cloud marketing providers worldwide. |
Sell | - |
