M&A Deal Summary

Global Payments Acquires AdvancedMD

On August 2, 2018, Global Payments acquired internet software and services company AdvancedMD from Marlin Equity Partners for 700M USD

Acquisition Highlights
  • This is Global Payments’ 4th transaction in the Internet Software and Services sector.
  • This is Global Payments’ 6th largest (disclosed) transaction.
  • This is Global Payments’ 8th transaction in the United States.
  • This is Global Payments’ 2nd transaction in Utah.
Investment Fate
  • AdvancedMD was divested to a consortium of buyers in 2024.

M&A Deal Summary

Date 2018-08-02
Target AdvancedMD
Sector Internet Software and Services
Buyer(s) Global Payments
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition
Deal Value 700M USD

Target

AdvancedMD

South Jordan, Utah, United States
AdvancedMD is a provider of cloud-based practice management, electronic health records, and revenue cycle management software solutions to the independent physician practice market. AdvancedMD was founded in 1999 and is based in South Jordan, Utah.

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Buyer(S) 1

Buyer

Global Payments

Atlanta, Georgia, United States

Category Company
Founded 1967
Sector Financial Services
Employees27,000
Revenue 9.7B USD (2023)
DESCRIPTION
View of Global Payments' corporate headquarters in Atlanta, Georgia.
View of Global Payments' corporate headquarters in Atlanta, Georgia.

Global Payments is a worldwide provider of payment technology services. The Company's payment solutions enables merchant customers to accept card, electronic, check and digital-based payments at the point of sale. Global Payments' primary business model provides payment services directly to merchants as customers. Global Payments was founded in 1967 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 14 of 20
Sector (Internet Software and Services) 4 of 5
Type (Add-on Acquisition) 14 of 19
State (Utah) 2 of 2
Country (United States) 8 of 13
Year (2018) 1 of 2
Size (of disclosed) 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 The Active Network

San Diego, California, United States

The Active Network, Inc. is a provider of cloud-based activity and participant management solutions serving a wide range of customer groups including business solutions, community activities, the public sector and outdoors and sports. The Active Network provides applications that form an online network connecting a fragmented and diverse group of activity and event organizers with a large base of potential participants. The Company's technology platform helps organizers manage their activities and events by automating online registrations and streamlining other critical management functions. The Active Network, Inc. was formed in 1998 and is based in San Diego, California.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 SICOM Systems

Doylestown, Pennsylvania, United States

SICOM Systems, Inc. is a provider of end-to-end solutions for quick service and fast casual restaurants. SICOM offers front-of-house solutions (i.e. Digital Menu Boards, Point-of-Sale (POS) and Order Confirmation Units); back-of-house solutions (Drive-Thru Director™ and Chef™ Kitchen Management); as well as above restaurant solutions (360° Data Analytics and SEMS4 Restaurant Management) that are helping major restaurant chains around the globe to streamline their operations. SICOM Systems, Inc. was founded in 1987 and is based in Doylestown, Pennsylvania.

Buy $415M

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 29 of 63
Sector (Internet Software and Services) 5 of 16
Type (Add-on Acquisition) 22 of 42
State (Utah) 1 of 1
Country (United States) 25 of 46
Year (2018) 3 of 5
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 Allbridge

Raleigh, North Carolina, United States

Allbridge provides in-room technology solutions for properties, helping deliver one connected experience to customers with all data, video, and voice technologies from design and procurement to installation and ongoing management. Allbridge was founded in 2004 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 Challenger

Arlington, Virginia, United States

Challenger is a global performance improvement platform that delivers a comprehensive portfolio of solutions focused on sales marketing and customer service training through in-person workshops, eLearning and workflow tools, diagnostic and assessment offerings, and other sales acceleration modules. Underpinned by the world-renowned, research-based Challenger and Effortless Experience methodologies, its solutions help enterprises adopt, develop, communicate, and implement more effective commercial strategies on a global scale. Challenger was founded in 1979 and is based in Arlington, Virginia.

Buy -