M&A Deal Summary

Harvest Partners and Genstar Capital Acquire Signant Health

On July 17, 2018, private equity firms Harvest Partners and Genstar Capital acquired information technology company Signant Health

Acquisition Highlights
  • This is Harvest Partners’ 3rd and Genstar Capital’s 4th transaction in the Information Technology sector.
  • This is Harvest Partners’ 44th and Genstar Capital’s 68th transaction in the United States.
  • This is Harvest Partners’ 2nd and Genstar Capital’s 5th transaction in Pennsylvania.

M&A Deal Summary

Date 2018-07-17
Target Signant Health
Sector Information Technology
Buyer(s) Harvest Partners
Genstar Capital
Deal Type Consolidation

Target

Signant Health

Blue Bell, Pennsylvania, United States
Signant Health is a global provider of patient-centric clinical trial technology solutions, servicing pharmaceutical and biotechnology companies. Its platform includes eCOA, eConsent, RTSM, EDC, and data analytics to ensure reliable study outcomes. Signant Health was founded in 2018 and is based in Blue Bell, Pennsylvania.

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Buyer(S) 2

Buyer

Harvest Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a Investment firm provides Private Equity and Structured Capital focused on buyout, growth capital, minority position, and non-control investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA). Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, marketing, building products and distribution companies valued between $100 and $1000 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 48 of 71
Sector: Information Technology M&A 3 of 6
Type: Consolidation M&A Deals 2 of 3
State: Pennsylvania M&A 2 of 4
Country: United States M&A 44 of 67
Year: 2018 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Neighborly

Waco, Texas, United States

Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-27 Avalign Technologies

Rosemont, Illinois, United States

Avalign Technologies is a manufacturer of implants and instruments, specialty instrumentation, cutting tools, and cases and trays to the orthopedic medical device and specialty surgical markets. Avalign Technologies is comprised of two divisions, avalign orthopedics, and avalign Surgical. Avalign Orthopedics manufactures premium implants and instruments for orthopedic, spine, and trauma applications. Avalign Technologies was founded in 2005 and is based in Rosemont, Illinois.

Buy -
Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


DEAL STATS #
Overall 75 of 112
Sector: Information Technology M&A 4 of 8
Type: Consolidation M&A Deals 5 of 5
State: Pennsylvania M&A 5 of 6
Country: United States M&A 68 of 104
Year: 2018 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Bracket

Wayne, Pennsylvania, United States

Bracket is a clinical trial technology and specialty services provider dedicated to helping biopharmaceutical sponsors and contract research organizations increase the power of their clinical research data by leveraging core competencies in Science, Technology, and Service.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Accruent

Austin, Texas, United States

Accruent, Inc. is a provider of physical resource management software. Accruent provides market planning, site selection, project management, lease administration, facilities and space management software that is purpose-built for specific industries to deliver greater customer value. Accruent, Inc. was founded in 1995 and is based in Austin, Texas.

Sell $2.0B