Investment Summary

ABS Capital Partners and SilverStream Capital Exits Aldera

On October 3, 2016, Evolent Health invested in information technology company Aldera from ABS Capital Partners and SilverStream Capital

Investment Highlights
  • This is Evolent Health’s 1st transaction in the Information Technology sector.
  • This is Evolent Health’s 2nd transaction in the United States.
  • This is Evolent Health’s 2nd transaction in Illinois.

Investment Summary

Date 2016-10-03
Target Aldera
Sector Information Technology
Investor(s) Evolent Health
Sellers(s) ABS Capital Partners
SilverStream Capital
Deal Type Add-on Acquisition

Target

Aldera

Lisle, Illinois, United States
Aldera, Inc. provides a web-based benefit administration and claims management platform to health plans and risk-bearing providers. The Company’s platform supports medical, dental, vision and pharmacy lines of business and enables clients to optimize performance by improving operational efficiency while reducing costs.

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Investor(S) 1

Investor

Evolent Health

Arlington, Virginia, United States

Category Company
Founded 2011
Sector Information Technology
Employees4,700
Revenue 2.6B USD (2024)
DESCRIPTION

Evolent Health partners with major health systems to drive value-based care transformation. By providing clinical, analytical, and financial capabilities, the company helps physicians and systems achieve superior quality and cost results. Evolent Health was founded in 2011 and is based in Arlington, Virginia.


DEAL STATS #
Overall 2 of 6
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 5
State: Illinois M&A 2 of 2
Country: United States M&A 2 of 6
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 Valence Health

Chicago, Illinois, United States

Valence Health, one of the fastest-growing companies in Chicago, was founded in 1996 and provides value-based administration, population health and advisory services. In its 20 year history, Valence Health has developed particular expertise in the Medicaid and pediatric markets, and today supports approximately 600,000 lives across 10 long-term operating partners.

Buy $145M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 New Century Health

Brea, California, United States

New Century Health is a care management company that provides innovative technology and clinical solutions that help to improve the quality of patient care, reduce administrative work associated with the delivery of care, and lower therapeutic costs for payers and physicians.

Buy $217M

Seller(S) 2

SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $25 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


DEAL STATS #
Overall 53 of 72
Sector: Information Technology M&A 7 of 12
Type: Add-on Acquisition M&A Deals 23 of 35
State: Illinois M&A 1 of 1
Country: United States M&A 52 of 71
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Galvanize

Denver, Colorado, United States

Galvanize LLC is a technology learning ecosystem for data scientists, software engineers, and entrepreneurs. With nine campuses across the U.S., innovative startups, aspiring students, and large enterprises all benefit from this dynamic learning community.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Payspan

Jacksonville, Florida, United States

Payspan provides payment solutions for health plans and providers seeking to increase provider adoption of electronic payments, engage patient members, and accelerate quality care. Payspan was founded in 1984 and is based in Jacksonville, Florida.

Sell -
SELLER

SilverStream Capital

San Diego, California, United States

Category Private Equity Firm
Founded 2009
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SilverStream Capital is generalist private investment firm that provides capital for a variety of investment situations. SilverStream looks to commit around $15 million to help fund growth equity needs, leveraged buyouts, recapitalizations, and buy-and-builds. The Firm will consider opportunities throughout North America and Western Europe and prefers businesses with strong management, differentiated products/services, scalable business models, and recurring revenue. SilverStream Capital is based in San Diego, California.


DEAL STATS #
Overall 5 of 5
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 BlueStep

Layton, Utah, United States

BlueStep, Inc. is a provider of enterprise software to the healthcare-related facilities, which includes assisted living, skilled nursing, hospice, and drug rehabilitation, among others.

Sell -