M&A Deal Summary

Resurgens Technology Partners Acquires Avantra

On October 1, 2024, private equity firm Resurgens Technology Partners acquired software company Avantra from Synova

Acquisition Highlights
  • This is Resurgens Technology Partners’ 11th transaction in the Software sector.
  • This is Resurgens Technology Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-10-01
Target Avantra
Sector Software
Buyer(s) Resurgens Technology Partners
Sellers(s) Synova
Deal Type Secondary Buyout
Advisor(s) Shea & Company (Financial)

Target

Avantra

London, United Kingdom
Avantra is a provider of Application Performance Monitoring (APM) software focused on SAP enterprise customers. Avantra core software automates daily operations monitoring and management processes, reducing costs, and supplying critical analytics to corporate customers. Avantra was established in 2000 and is based in London, England.

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Buyer(S) 1

DESCRIPTION

Resurgens Technology Partners is a private equity firm focused on acquiring software and technology-enabled service companies. The Firm targets businesses with $5 to $30 million of recurring revenue and will consider opportunities throughout North America. Specific areas of interest include enterprise software, information services, and analytics. Resurgens has a preference for founder-owned companies with potential for market leadership. Resurgens Technology Partners was established in 2016 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 16 of 17
Sector (Software) 11 of 12
Type (Secondary Buyout) 3 of 3
Country (United Kingdom) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Valant

Seattle, Washington, United States

Valant is a software-as-a-service organization serving the needs of the behavioral healthcare industry. Its disruptive technology solutions combine deep domain and technical expertise to improve behavioral healthcare quality by reinventing how electronic healthcare record (EHR) systems serve mental health providers and their patients. Valant was founded in 2005 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 Movemedical

San Diego, California, United States

Movemedical is an enterprise software platform for medical device inventory management. Movemedical is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

Synova

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.7B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Synova is an independent private equity firm that invests in mid-market companies throughout the UK. Prospective companies generally possess stable cash flows, strong competitive positions and are led by experienced management teams. Synova looks to invest £15 to £150 million in transactions valued up £250 million. Synova will also consider co-investment situations. The Firm targets companies operating in the consumer products, financial services, leisure, healthcare, education business services, and IT sectors. Funds are generally used to support buyouts and growth capital needs. Synova was formed in 2007 and is based in London.


DEAL STATS #
Overall 17 of 18
Sector (Software) 4 of 4
Type (Secondary Buyout) 7 of 7
Country (United Kingdom) 16 of 17
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 AllClear Insurance

Essex, United Kingdom

AllClear Insurance is a travel insurance broker for customers with pre-existing medical conditions – typically in the over-55 demographic. The Business operates in the UK, Ireland and Australia and has market-leading expertise in placing insurance for impaired travel risks through its proprietary data, accumulated from nearly two decades of experience. AllClear Insurance Services was established in 2001 and is based in Essex, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 Charnwood Discovery

Chapel-en-le-Frith, United Kingdom

Charnwood Discovery is a provider of outsourced drug discovery services, supporting an international client base of pharmaceutical and biotech companies in developing novel drugs. Charnwood Discovery was established in 1998 and is based in Chapel-en-le-Frith, United Kingdom.

Sell -