M&A Deal Summary

HgCapital Acquires Rhapsody

On February 19, 2020, private equity firm HgCapital acquired information technology company Rhapsody

Acquisition Highlights
  • This is HgCapital’s 9th transaction in the Information Technology sector.
  • This is HgCapital’s 8th transaction in the United States.
  • This is HgCapital’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2020-02-19
Target Rhapsody
Sector Information Technology
Buyer(s) HgCapital
Deal Type Consolidation

Target

Rhapsody

Boston, Massachusetts, United States
Rhapsody partners with healthcare organizations around the globe delivering cutting-edge solutions to address interoperability challenges. Rhapsody is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.

DEAL STATS #
Overall 115 of 152
Sector (Information Technology) 9 of 12
Type (Consolidation) 4 of 4
State (Massachusetts) 2 of 3
Country (United States) 8 of 20
Year (2020) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 Rhapsody & Population Health Businesses

Auckland, New Zealand

Rhapsody & Population Health Businesses business comprising Orion Health’s Rhapsody and Symphonia software products designed to integrate systems through the acquisition and exchange of data. Rhapsody & Population Health Businesses is based in Auckland, New Zealand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 CINC Systems

Duluth, Georgia, United States

CINC Systems provides homeowners association accounting and property management software. CINC Systems offers transformational technology and services for the community association industry, redefining the way its clients and partners do business. CINC Systems was founded in 2005 and is based in Duluth, Georgia.

Buy -
Mergr

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