M&A Deal Summary

Nordic Capital Acquires Surgical Information Systems

On January 1, 2024, private equity firm Nordic Capital acquired internet software and services company Surgical Information Systems from Accel-KKR and Norwest Equity Partners

Acquisition Highlights
  • This is Nordic Capital’s 7th transaction in the Internet Software and Services sector.
  • This is Nordic Capital’s 14th transaction in the United States.
  • This is Nordic Capital’s 1st transaction in Georgia.

M&A Deal Summary

Date 2024-01-01
Target Surgical Information Systems
Sector Internet Software and Services
Buyer(s) Nordic Capital
Sellers(s) Accel-KKR
Norwest Equity Partners
Deal Type Secondary Buyout

Target

Surgical Information Systems

Alpharetta, Georgia, United States
Surgical Information Systems is a provider of cloud-based ASC management which includes surgeon office case request, scheduling, insurance verification, registration, billing, payment posting, accounts receivable, collections, and inventory. Surgical Information Systems was founded in 1996 and is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 135 of 139
Sector (Internet Software and Services) 7 of 7
Type (Secondary Buyout) 40 of 44
State (Georgia) 1 of 1
Country (United States) 14 of 14
Year (2024) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Sesol

Jonkoping, Sweden

Sesol is a Swedish specialist solar PV installer, supporting customers in their renewable energy transition. The Company offers solar PV, batteries, and EV chargers with a focus on residential, agricultural, and commercial customers. Sesol was founded in 2019 and is based in Jonkoping, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Zafin Labs Technologies

Vancouver, British Columbia, Canada

Zafin Labs Technologies is a provider of relationship banking software solutions to financial services providers worldwide. Company technology platform, miRevenue, was built from the ground up for banking, enabling customer-centric product innovations that drive revenue, transparency and operational efficiency across the customer lifecycle. Zafin Labs Technologies was founded in 2002 and is based in Vancouver, British Columbia.

Buy -

Seller(S) 2

SELLER

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.


DEAL STATS #
Overall 53 of 54
Sector (Internet Software and Services) 13 of 13
Type (Secondary Buyout) 16 of 16
State (Georgia) 7 of 7
Country (United States) 43 of 44
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 Ntracts

Chattanooga, Tennessee, United States

Ntracts is a contract lifecycle management solution for healthcare organizations that provides advanced contract data reporting and mitigates compliance risk. Ntracts is based in Chattanooga, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Accertify

Itasca, Illinois, United States

Accertify is a provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Accertify's technologies help protect many businesses and increase their operational efficiency. Accertify is based in Itasca, Illinois.

Buy -
SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 53 of 54
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 24 of 24
State (Georgia) 4 of 4
Country (United States) 51 of 52
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 United Sports Brands

Fountain Valley, California, United States

United Sports Brands is a provider of technology-driven sports protective equipment. The company sells mission-critical products used at every level of sport including mouthguards, protective gear, sports medicine and therapy, cycling, gloves, and other sport focused accessories and apparel. United Sports Brands was founded in 1992 and is based in Fountain Valley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 MDC Interior Solutions

Glendale Heights, Illinois, United States

MDC Interior Solutions is a provider of vertical interior surfaces. The Company’s products include vinyl, textile and specialty wall coverings, decorative panels, acoustical solutions, digitally printed surfaces and specialty paints. MDC Interior Solutions was established in 1974 and is based in Glendale Heights, Illinois.

Buy -