M&A Deal Summary

GTCR and Warburg Pincus Acquire Experity

On March 1, 2022, private equity firms GTCR and Warburg Pincus acquired software company Experity

Acquisition Highlights
  • This is GTCR’s 8th and Warburg Pincus’ 32nd transaction in the Software sector.
  • This is GTCR’s 123rd and Warburg Pincus’ 227th transaction in the United States.
  • This is GTCR’s 20th and Warburg Pincus’ 7th transaction in Illinois.

M&A Deal Summary
Date 2022-03-01
Target Experity
Sector Software
Buyer(s) GTCR
Warburg Pincus
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) William Blair (Financial)
Kirkland & Ellis (Legal)

Target

Experity

Machesney Park, Illinois, United States
Experity provides SaaS software solutions and technology-enabled services for the urgent care industry. The Company provides electronic medical records, practice management, patient engagement software, revenue cycle management solutions, and outsourced teleradiology services to over 5,700 urgent care clinics in the U.S. Experity was formed in 2019 and is based in Machesney Park, Illinois.

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Buyer(S) 2

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 127 of 142
Sector (Software) 8 of 10
Type (Buyout (LBO, MBO, MBI)) 26 of 26
State (Illinois) 20 of 20
Country (United States) 123 of 137
Year (2022) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Clearwave Fiber

Savannah, Georgia, United States

Clearwave Fiber is a rural broadband provider serving communities in Illinois, Florida, Alabama, Georgia and South Carolina. Clearwave Fiber was founded in 2022 and is based in Savannah, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 Avryo Healthcare

San Diego, California, United States

Avryo Healthcare is seeking to acquire companies and assets in multi-site healthcare services industry, with a focus on utilizing new technologies and operating strategies to enhance patient access and experiences. Avryo Healthcare was formed in 2022 and is based in San Diego, California.

Buy -
Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 460 of 482
Sector (Software) 32 of 33
Type (Buyout (LBO, MBO, MBI)) 81 of 86
State (Illinois) 7 of 8
Country (United States) 227 of 237
Year (2022) 9 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Meril

Vapi, India

Meril is an India-based global MedTech platform that is dedicated to the innovation, design, and development of novel, clinically relevant, and state-of-the-art devices. Meril offers a diversified product portfolio with over 100 technologies in 5 therapy areas cardiovascular including structural heart devices, orthopedic implants, endo-surgery, surgical robotics & in-vitro diagnostics. Meril was founded in 2006 and is based in Vapi, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 Imperial Auto

Faridabad, India

Imperial Auto is an integrated manufacturer and assembler of fluid transmission products. The organization was established as a small-scale enterprise in 1969 in Faridabad, Haryana, India, and has now expanded to over 20 facilities across India, Germany, and the US.

Buy -
Mergr

Product

Company

Legal