M&A Deal Summary

Hansen Acquires Sigma Systems Canada

On May 1, 2019, Hansen acquired software company Sigma Systems Canada from Birch Hill Equity Partners for 157M CAD

Acquisition Highlights
  • This is Hansen’s 9th transaction in the Software sector.
  • This is Hansen’s largest (disclosed) transaction.
  • This is Hansen’s 1st transaction in Canada.
  • This is Hansen’s 1st transaction in Ontario.

M&A Deal Summary
Date 2019-05-01
Target Sigma Systems Canada
Sector Software
Buyer(s) Hansen
Sellers(s) Birch Hill Equity Partners
Deal Type Add-on Acquisition
Deal Value 157M CAD

Target

Sigma Systems Canada

Toronto, Ontario, Canada
Sigma Systems Canada LP is a provider in catalog-driven software solutions for communications, media, and high-tech companies. Sigma's portfolio spans enterprise-wide Catalog, Configure Price Quote (CPQ), Order Management, Provisioning, Insights and Portfolio Inventory products, and offers a core set of services including professional services, cloud services, and managed services. Sigma Systems Canada LP was founded in 1996 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Hansen

Melbourne, Australia
Category Company
Founded 1971
Sector Software
Employees1,600
Revenue 312M AUD (2023)
DESCRIPTION

Hansen is a provider of software solutions to more than 200 telco's, broadcasters and utilities in over 90 countries worldwide. Hansen was founded in 1971 and is based in Melbourne, Australia.

DEAL STATS #
Overall 10 of 10
Sector (Software) 9 of 9
Type (Add-on Acquisition) 6 of 6
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 Enoro Holding A/S

Dale, Norway

Enoro Holding A/S is a provider of Customer Information Systems (CIS) and Meter Data Management (MDM) systems for the energy sector. Enoro occupies over 45% market share with more than 300 customers and over 250 employees. The company was founded in 1992 and has offices in Finland, Netherlands, Norway, Sweden and Switzerland.

Buy -

Seller(S) 1

SELLER

Birch Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 5.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Birch Hill Equity Partners is a middle-market private equity firm focused on investments in Canadian companies. Birch Hill targets growth oriented businesses valued between C$50 and C$1000 million. Sectors of interest include agriculture, communications, energy, environmental, entertainment, distribution, healthcare, manufacturing, software, and technology. Birch Hill will not consider investments in real estate, pure commodity companies or start ups. Birch Hill Equity Partners was formed in 1994 and is based in Toronto, Canada.

DEAL STATS #
Overall 30 of 36
Sector (Software) 3 of 3
Type (Add-on Acquisition) 14 of 17
State (Ontario) 17 of 20
Country (Canada) 25 of 29
Year (2019) 1 of 3
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Campus Energy

Calgary, Alberta, Canada

Campus Energy is an energy infrastructure company with assets that include natural gas transmission pipeline systems in Alberta and Saskatchewan; natural gas gathering and processing facilities in Alberta and Saskatchewan; a Liquified Natural Gas (LNG) processing facility in British Columbia; and power peaking units in Alberta. Campus Energy was founded in 2001 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-17 Creation Technologies

Boston, Massachusetts, United States

Creation Technologies is an electronic manufacturing service (EMS) company focused on providing high-mix, high-complexity start-to-finish manufacturing, and supply chain solutions to companies in the industrial controls, instrumentation, medical, communications, transportation, and safety & security industries. Creation operates seven manufacturing business units in British Columbia, Ontario, California, Texas and Wisconsin. Creation Technologies was founded in 1991 and is based in Boston, Massachusetts.

Sell -
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