M&A Deal Summary

SourceHOV Acquires TransCentra

On September 28, 2016, SourceHOV acquired software company TransCentra from Cerberus Capital Management

Acquisition Highlights
  • This is SourceHOV’s 1st transaction in the Software sector.
  • This is SourceHOV’s 2nd transaction in the United States.
  • This is SourceHOV’s 1st transaction in Georgia.

M&A Deal Summary

Date 2016-09-28
Target TransCentra
Sector Software
Buyer(s) SourceHOV
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition

Target

TransCentra

Norcross, Georgia, United States
TransCentra is an established provider of integrated outsourced billing, remittance processing, and imaging software, and consulting services. TransCentra serves approximately 300 clients, primarily in the financial service, insurance, utilities, healthcare, and telecom industries.

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Buyer(S) 1

Buyer

SourceHOV

Irving, Texas, United States

Category Company
Founded 1983
Sector Information Technology
Revenue 600M USD (2014)
DESCRIPTION

SourceHOV LLC is a provider of business process solutions, strategic consulting and data analytics services. SourceHOV provides outsourcing services to high-volume, data-driven, and information intensive industries.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 BancTec

Irving, Texas, United States

BancTec, Inc. is a business process outsourcing, providing financial transaction automation and document management services for organizations seeking to drive efficiency in their financial back-office processes. With clients in 50 countries, BancTec operates more than 20 delivery centers worldwide, utilizing a common technology platform to deliver reliability, security, and consistently high levels of performance. BancTecwas founded in 1972 and is based in Irving, Texas.

Buy -

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


DEAL STATS #
Overall 30 of 57
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 15 of 29
State: Georgia M&A 3 of 4
Country: United States M&A 22 of 39
Year: 2016 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 ABC Technologies

Toronto, Ontario, Canada

ABC Technologies is a full-service automotive supplier of blow molded and injection molded thermoplastic components and systems including: center consoles, spoilers, bumper systems, HVAC ducts, filters, fluid reservoirs, and other parts. ABC Technologies was founded in 1974 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 Gala Coral Group

Essex, United Kingdom

Gala Coral Group Ltd. is a fast growing UK retail gaming company, Gala operates successfully in the UK bingo casino, licensed betting offices and multimedia gaming markets. It is by some margin the largest bingo operator in the UK.

Sell -