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M&A Deal Summary

GI Partners Acquires Euna Solutions

On April 29, 2022, private equity firm GI Partners acquired information technology company Euna Solutions

Acquisition Highlights
  • This is GI Partners’ 14th transaction in the Information Technology sector.
  • This is GI Partners’ 42nd transaction in the United States.
  • This is GI Partners’ 1st transaction in Illinois.

M&A Deal Summary
Date 2022-04-29
Target Euna Solutions
Sector Information Technology
Buyer(s) GI Partners
Deal Type Going Private
Advisor(s) Credit Suisse Investment Banking (Financial)
Davis Graham & Stubbs (Legal)

Target

Euna Solutions

Chicago, Illinois, United States
Euna Solutions is an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting, and permitting. GTY combines six leading GovTech firms under a single umbrella CityBase, eCivis, Questica, Sherpa, OpenCounter, and Bonfire. These companies will operate as independent business units under GTY. Euna Solutions was founded in 2016 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

GI Partners

San Francisco, California, United States

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 53 of 60
Sector (Information Technology) 14 of 15
Type (Going Private) 2 of 3
State (Illinois) 1 of 1
Country (United States) 42 of 48
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Generate Life Sciences

Los Angeles, California, United States

Generate Life Sciences is a life sciences company helping to grow and protect families through reproductive, newborn stem cell, genetic screening, medical device, and healthcare technology services. The company serves families from preconception to post-birth. Its brands CBR (Cord Blood Registry), California Cryobank, Donor Egg Bank USA, NW Cryobank, ReadyGen, Kitazato USA, and Donor Application are pioneering leaders that have helped nearly one million families. Headquartered in Los Angeles, Generate operates facilities in Tucson, New York, Boston, Palo Alto, and Rockville, MD.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Atlas Technical Consultants

Austin, Texas, United States

Atlas Technical Consultants is a provider of professional testing, inspection engineering, and consulting services to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets. Atlas Technical Consultants was founded in 2017 and is based in Austin, Texas.

Buy $1.1B
Mergr

Product

Company

Legal