Investment Summary

GTCR Invests In SystemsNet

On January 1, 2004, private equity firm GTCR invested in information technology company SystemsNet

Investment Highlights
  • This is GTCR’s 6th transaction in the Information Technology sector.
  • This is GTCR’s 29th transaction in the United States.
  • This is GTCR’s 3rd transaction in Maryland.

Investment Summary

Date 2004-01-01
Target SystemsNet
Sector Information Technology
Investor(s) GTCR
Deal Type Stake Purchase

Target

SystemsNet

Bethesda, Maryland, United States
SystemsNet, Inc. was formed by GTCR and Ken Bajaj in late 2004 to create an industry-leading information technology business process automation and outsourcing services company focused primarily on the healthcare and financial services industries. The Company will be built through a combination of organic growth and select acquisitions of profitable information technology services companies. SystemsNet is GTCR’s third partnership with Ken Bajaj, having previously backed Mr. Bajaj in DigitalNet Holdings, Inc., a network services company, and AppNet, Inc., an e-business services company. SystemsNet is based in Bethesda, Maryland.

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Investor(S) 1

Investor

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 29 of 157
Sector: Information Technology M&A 6 of 15
Type: Stake Purchase M&A Deals 13 of 27
State: Maryland M&A 3 of 5
Country: United States M&A 29 of 148
Year: 2004 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 CuraScript

Orlando, Florida, United States

CuraScript is dedicated to the delivery of extraordinary care, one patient at a time. Providing affordable, high quality care for complex chronic conditions requires cooperation among many healthcare experts. CuraScript offers a broad range of services for physicians, health plan sponsors, and pharmaceutical manufacturers to support the delivery of that care.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-13 Prestige Consumer Healthcare

Tarrytown, New York, United States

Prestige Consumer Healthcare markets and distributes brand name over-the-counter medicines and household cleaning products throughout the US, Canada, Australia, and other select international markets. Prestige Consumer was founded in 1996 and is based in Tarrytown, New York.

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