Merger • Software

Norstella Acquires Citeline

On November 1, 2022, Norstella acquired software company Citeline from Warburg Pincus

Acquisition Context
  • This is Norstella’s 1st transaction in the Software sector.
  • This is Norstella’s 1st transaction in the United States.
  • This is Norstella’s 1st transaction in New York.

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M&A Deal Summary

Date November 1, 2022
Target Citeline
Sector Software
Buyer(s) Norstella
Sellers(s) Warburg Pincus
Deal Type Merger

Target Company

Citeline

New York, New York, United States
Citeline is a provider of specialist intelligence, data, and software for clinical trials, drug development, and regulatory compliance. Citeline is based in New York City.
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Buyer Overview 1

Buyer

Norstella

Yardley, Pennsylvania, United States

Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

Norstella is a global pharma intelligence solutions provider. Norstella helps life sciences clients navigate complexities at each step of the drug development life cycle, from pipeline to patient. Norstella was founded in 1994 and is based in Yardley, Pennsylvania.


Deal Context for Buyer #
Overall 2 of 2
Sector: Software 1 of 1
Type: Merger 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Evaluate

London, United Kingdom

Evaluate is a provider of commercial intelligence to the global life sciences industry. Evaluate is the trusted provider of mission critical commercial information for complex business decisions to the pharmaceutical industry. Evaluate’s core product is an industry leading set of analyst consensus forecasts that provides detailed insights at the product, disease, indication and geographic level. Evaluate creates value by structuring, normalising and integrating data from company filings, research organisations, and government bodies and providing tools that drive analytical insights from data. Evaluate was the first mover in this particular space and is a leading provider today. Evaluate was founded in 1996 and is based in London, United Kingdom.

Buy -

Seller Profile 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


Deal Context for Seller #
Overall 237 of 265
Sector: Software 18 of 23
Type: Merger 12 of 13
State: New York 10 of 13
Country: United States 132 of 150
Year: 2022 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-10 Vistaar Finance

Bengaluru, India

Vistaar Finance is a non-banking financial company with a focus on providing small-ticket (<$32,000) secured loans to MSMEs (micro, small and medium enterprises) in rural and semiurban areas of India. Vistaar Finance was founded in 2010 and is based in Bengaluru, Karnataka.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Ensign Natural Resources

Houston, Texas, United States

Ensign Natural Resources is an exploration and production company focused on acquiring, developing and producing U.S. unconventional resources. Ensign Natural Resources was founded in 2017 and is based in Houston, Texas. ​

Sell $3.0B