M&A Deal Summary

Harvest Partners Structured Capital and Genstar Capital Acquire Signant Health

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

Acquisition Highlights
  • This is Harvest Partners Structured Capital’s 2nd and Genstar Capital’s 5th transaction in the Information Technology sector.
  • This is Harvest Partners Structured Capital’s 19th and Genstar Capital’s 69th transaction in the United States.
  • This is Harvest Partners Structured Capital’s 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 Structured Capital
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. The company was formed through the combination of Bracket Global (“Bracket”) and CRF Health (“CRF”). Bracket provides eClinical solutions, focusing on tech-enabled data compliance and training solutions for clinical drug development. CRF provides tech-enabled solutions for the collection of clinical trial data directly from patients, caregivers, and clinicians. Signant Health was founded in 2018 and is based in Blue Bell, Pennsylvania.

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Buyer(S) 2

Buyer

Harvest Partners Structured Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Large
Type Sector Agnostic
DESCRIPTION

Harvest Partners Structured Capital is a private investment group focused on minority position, non-control investments. The Group looks for businesses with $100 million to $1 billion in revenues where Harvest can commit $50 to $250 million. Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, and distribution. Harvest Partners Structured Capital is a unit of PE Firm Harvest Partners. The Firm is based in New York City.

DEAL STATS #
Overall 20 of 31
Sector (Information Technology) 2 of 4
Type (Consolidation) 2 of 3
State (Pennsylvania) 2 of 2
Country (United States) 19 of 30
Year (2018) 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, Inc. 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 49.0B 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 76 of 109
Sector (Information Technology) 5 of 9
Type (Consolidation) 5 of 5
State (Pennsylvania) 5 of 6
Country (United States) 69 of 101
Year (2018) 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
Mergr

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