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M&A Deal Summary

GTCR Acquires Avention Services

On October 2, 2012, private equity firm GTCR acquired information services company Avention Services from Data Axle

Acquisition Highlights
  • This is GTCR’s 2nd transaction in the Information Services sector.
  • This is GTCR’s 72nd transaction in the United States.
  • This is GTCR’s 1st transaction in Massachusetts.
Investment Fate
  • Avention Services was sold to a publicly-traded strategic buyer in 2017 for 150M USD.

M&A Deal Summary
Date 2012-10-02
Target Avention Services
Sector Information Services
Buyer(s) GTCR
Sellers(s) Data Axle
Deal Type Divestiture

Target

Avention Services

Concord, Massachusetts, United States
Avention Services, Inc. is a provider of business information solutions and delivers company, executive, and industry intelligence that make business professionals more effective and productive in completing their critical daily tasks. Avention products and services support a company's vital business processes including serving their customers, finding and leveraging new opportunities, and managing suppliers and partners.

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Buyer(S) 1

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 74 of 157
Sector: Information Services M&A 2 of 3
Type: Divestiture M&A Deals 3 of 12
State: Massachusetts M&A 1 of 4
Country: United States M&A 72 of 148
Year: 2012 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-19 Cord Blood Registry

San Bruno, California, United States

CBR Systems is a late-stage medical devices company with the leading market position in providing the collection, processing and cryogenically-frozen storage of stem cells.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-18 Rural Broadband Investments

Overland Park, Kansas, United States

Rural Broadband Investments acquires and invests in rural-focused cable systems serving residential and commercial customers in small- to middle-sized markets and rural geographies.

Buy -

Seller(S) 1

SELLER

Data Axle

Dallas, Texas, United States
Category Company
Founded 1972
Sector Information Services
DESCRIPTION

Data Axle is a provider of data and interactive resources that enables targeted sales, effective marketing and insightful research solutions. The Company's information powers tools and insights for businesses to efficiently reach current and future customers through multiple channels, including the world’s Internet search engines and GPS navigation systems. Data Axle was founded in 1972 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Information Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 GoTime

Seattle, Washington, United States

GoTime, Inc. offers a data management platform company specializing in high value data acquisition and delivery.

Buy -
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