M&A Deal Summary

Global Payments Acquires SICOM Systems

On September 27, 2018, Global Payments acquired software company SICOM Systems from LLR Partners for 415M USD

Acquisition Highlights
  • This is Global Payments’ 1st transaction in the Software sector.
  • This is Global Payments’ 9th largest (disclosed) transaction.
  • This is Global Payments’ 9th transaction in the United States.
  • This is Global Payments’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2018-09-27
Target SICOM Systems
Sector Software
Buyer(s) Global Payments
Sellers(s) LLR Partners
Deal Type Add-on Acquisition
Deal Value 415M USD

Target

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.

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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 15 of 20
Sector (Software) 1 of 2
Type (Add-on Acquisition) 15 of 19
State (Pennsylvania) 1 of 1
Country (United States) 9 of 13
Year (2018) 2 of 2
Size (of disclosed) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 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.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Sentral Education

Chatswood, Australia

Sentral Education is a cloud-based school management platform streamlines school administration, student management, and data management. Sentral was founded in 1998 and is based in Chatswood, Australia.

Buy -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 45 of 76
Sector (Software) 12 of 15
Type (Add-on Acquisition) 29 of 47
State (Pennsylvania) 15 of 20
Country (United States) 44 of 75
Year (2018) 2 of 5
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 IO Education

Atlanta, Georgia, United States

IO Education LLC engages in the education technology industry for over 18 years, IO Education is on a mission to empower educators through data to improve educational outcomes. IO Education’s award-winning solutions are used in all 50 states by over 7,500 schools and 120,000 educators, supporting instruction for over 6,000,000 students. IO Education LLC was founded in 1997 and is headquartered in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Edlio

Los Angeles, California, United States

Edlio is a provider of community engagement solutions, including content management, communication, forms and payments, for K-12 public, private and charter schools. Edlio was established in 2011 and is headquartered in Los Angeles, California.

Buy -