M&A Deal Summary

Nomura Research Institute Acquires Core BT

On November 9, 2021, Nomura Research Institute acquired information technology company Core BT from Tailwind

Acquisition Highlights
  • This is Nomura Research Institute’s 5th transaction in the Information Technology sector.
  • This is Nomura Research Institute’s 3rd transaction in the United States.
  • This is Nomura Research Institute’s 1st transaction in Indiana.

M&A Deal Summary
Date 2021-11-09
Target Core BT
Sector Information Technology
Buyer(s) Nomura Research Institute
Sellers(s) Tailwind
Deal Type Add-on Acquisition
Advisor(s) Evercore Group (Financial)
Davis Polk & Wardwell (Legal)

Target

Core BT

Indianapolis, Indiana, United States
Core BTS is a solution provider focused on Cisco-centric software, technology and related IT infrastructure, and technology services to corporate and government clients. Core BTS solves complex business needs across networking, collaboration, security, and data center infrastructure. Core BTS’s capabilities include technical support and managed services of existing infrastructure, security and networking advisory and assessments, and remote monitoring support for both Cisco and non-Cisco hardware and software. Core BTS was founded in 2004 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Nomura Research Institute

Tokyo, Japan
Category Company
Founded 1965
Sector Information Technology
Employees16,708
Revenue 736.6B JPY (2024)
DESCRIPTION

Nomura Research Institute is a IT solutions and consulting services provider. Nomura Research Institute was founded in 1965 and is based in Tokyo, Japan.

DEAL STATS #
Overall 6 of 6
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 6 of 6
State (Indiana) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 ASG Group

Perth, Australia

ASG is an award winning Australian IT business solutions provider, offering IT management and consulting services, business intelligence and thought leadership. Established in 1996, the company’s goal is to provide innovative, high-quality and cost-effective services to its clients.

Buy AU$349M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Brierley+Partners

Frisco, Texas, United States

Brierley+Partners is a provider of loyalty technology, strategy, and execution services around the world. The company's focus is turning client challenges into successful and profitable loyalty program solutions. It brings together innovative thought leadership, unparalleled expertise, and advanced technologies to help brands win customers' hearts and minds. Brierley+Partners was formed in 1984 and is based in Plano, Texas.

Sell -

Seller(S) 1

SELLER

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 25 of 33
Sector (Information Technology) 3 of 5
Type (Add-on Acquisition) 9 of 11
State (Indiana) 1 of 1
Country (United States) 25 of 33
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Cumberland

Franklin, Tennessee, United States

Cumberland is a consulting firm that provides services to healthcare providers, payors, and life sciences clients. The company's service offerings include strategic information systems planning, software vendor evaluation and selection, workflow management, software implementation, and project management services focused on electronic medical records, revenue cycle management, and clinical systems. The company also provides contract lifecycle management, commercial contracting, government contracting, and spend management services to pharmaceutical manufacturers and other life sciences clients. Cumberland was founded in 2004 and is based in Franklin, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Cumming Group

Seattle, Washington, United States

Cumming Group is a provider of efficient and cost-effective solutions to ensure that projects in the aviation, corporate office, culture, education, data center, healthcare, hospitality, life sciences, manufacturing, public works, and retail sectors are executed on time and within budget. Cumming provides a solutions-oriented suite of services that specifically addresses its clients’ unique challenges, thus enabling them to achieve extraordinary results. Cumming Group was founded in 1996 and headquartered in Seattle, Washington.

Sell -
Mergr

Product

Company

Legal