M&A Deal Summary

GI Partners Acquires eClinical Solutions

On September 12, 2024, private equity firm GI Partners acquired internet software and services company eClinical Solutions from Summit Partners

Acquisition Highlights
  • This is GI Partners’ 7th transaction in the Internet Software and Services sector.
  • This is GI Partners’ 47th transaction in the United States.
  • This is GI Partners’ 4th transaction in Massachusetts.

M&A Deal Summary
Date 2024-09-12
Target eClinical Solutions
Sector Internet Software and Services
Buyer(s) GI Partners
Sellers(s) Summit Partners
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)
Morse Barnes-Brown & Pendleton
Choate Hall & Stewart (Legal)

Target

eClinical Solutions

Mansfield, Massachusetts, United States
eClinical Solutions is a provider of cloud-based enterprise software and software-driven clinical data services. The elluminate platform provides life sciences companies with greater control of their clinical trial data. Elluminate software and data-driven services have been used by more than 100 life sciences companies on more than 500 trials. eClinical Solutions was founded in 2006 and is based in Mansfield, Massachusetts.

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Buyer(S) 1

Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.

DEAL STATS #
Overall 59 of 59
Sector (Internet Software and Services) 7 of 7
Type (Secondary Buyout) 22 of 22
State (Massachusetts) 4 of 4
Country (United States) 47 of 47
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 BusPatrol

Lorton, Virginia, United States

BusPatrol is a safety technology company with the mission of making the journey to and from school safer for the 27 million children who step onboard a school bus each day. BusPatrol is based in Lorton, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-13 ARS

Memphis, Tennessee, United States

ARS is a provider of heating and air conditioning (HVAC) and plumbing services nationwide. ARS primarily serves homeowners in need of emergency repair and replacement services for heating, air conditioning, energy efficiency, plumbing, drain cleaning and sewer lines. It operates under two well-known national brands, ARS and Rescue Rooter, as well as through trusted local brands in select markets. ARS was founded in 1995 and is based in Memphis, Tennessee.

Sell -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 285 of 286
Sector (Internet Software and Services) 28 of 28
Type (Secondary Buyout) 59 of 60
State (Massachusetts) 32 of 32
Country (United States) 246 of 246
Year (2024) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 EHE Health

New York, New York, United States

EHE Health offers comprehensive physical exams, preventative health programs, and travel medicine consultation and services. EHE Health operates over 150 locations across the US and is committed to providing the same exceptional health experience at all of their locations. EHE Health was founded in 1913 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 UHY

New York, New York, United States

UHY is an accounting, tax, consulting, and advisory services firm that serves a diverse client base ranging from closely held middle-market companies. UHY was founded in 2000 and is based in New York, New York.

Buy -
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