M&A Deal Summary

Patni Computer Systems Acquires Taratec Development

On July 23, 2007, Patni Computer Systems acquired information technology company Taratec Development from LLR Partners

Acquisition Highlights
  • This is Patni Computer Systems’ 1st transaction in the Information Technology sector.
  • This is Patni Computer Systems’ 1st transaction in the United States.
  • This is Patni Computer Systems’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2007-07-23
Target Taratec Development
Sector Information Technology
Buyer(s) Patni Computer Systems
Sellers(s) LLR Partners
Deal Type Add-on Acquisition

Target

Taratec Development

Cambridge, Massachusetts, United States
Taratec Development Corp. is a provider of integrated business, information technology and regulatory compliance services and solutions to the highly regulated life sciences industry.

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Buyer(S) 1

Buyer

Patni Computer Systems

Cambridge, Massachusetts, United States

Category Company
Sector Information Technology
DESCRIPTION

Patni is a global provider of strategic IT consulting and implementation services, turnkey projects and on-site technical services. Patni offers a full range of services and solutions covering IT consulting, software development outsourcing, contact center operations and business process outsourcing to customers in the financial services, manufacturing, life sciences, communications, and media & entertainment sectors.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 10 of 76
Sector: Information Technology M&A 1 of 16
Type: Add-on Acquisition M&A Deals 7 of 47
State: Massachusetts M&A 1 of 4
Country: United States M&A 10 of 75
Year: 2007 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-13 Community Education Centers

West Caldwell, New Jersey, United States

Community Education Centers is a national provider of rehabilitative services for offenders through reentry and in-custody treatment programs as well as comprehensive management services for county, state, and federal correctional and detention facilities. CEC provides evidence-based programming for residential and non-residential clients through reentry and correctional facilities, in-prison treatment services, and outpatient and day reporting programs.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 BrightHeart Veterinary Centers

Armonk, New York, United States

BrightHeart Veterinary Centers is a national network of advanced-care specialty/emergency veterinary hospitals across the U.S. and Canada.

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