M&A Deal Summary

The Citadel Group Acquires Genie Solutions

On October 11, 2021, The Citadel Group acquired software company Genie Solutions from IFM Investors Private Equity

Acquisition Highlights
  • This is The Citadel Group’s 1st transaction in the Software sector.
  • This is The Citadel Group’s 1st transaction in Australia.

M&A Deal Summary

Date 2021-10-11
Target Genie Solutions
Sector Software
Buyer(s) The Citadel Group
Sellers(s) IFM Investors Private Equity
Deal Type Add-on Acquisition

Target

Genie Solutions

Fortitude, Australia
Genie Solutions provider of practice and clinical software to Australian specialist medical practices, including the software that integrates clinical management, appointments, and billing and operates at over 3,500 sites. Genie Solutions is based in Fortitude, Australia.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

The Citadel Group

Wayne, New Jersey, United States

Category Company
Founded 1978
Sector Financial Services
DESCRIPTION

The Citadel Group, Inc. is a provider of diversified financial services.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER
DESCRIPTION

IFM Investors Private Equity is the private equity arm of global investment manager IFM Investors. IFM Investors Private Equity looks to acquire and invest in mid-sized Australian and New Zealand companies focused on growth. The Group is sector agnostic with a preference for healthcare, consumer brands, technology/media, and business services companies. IFM Investors Private Equity is based in Melbourne.


DEAL STATS #
Overall 2 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Australia M&A 2 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Tandem

Malvern , Australia

Tandem is a provider of advisory and contractor management services through its strategy, systems, and operations. Tandem was founded in 2010 and is based in Malvern, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 GlasfaserPlus

Cologne, Germany

GlasfaserPlus provides open-access optical fibre-to-the-home (FTTH) network in rural areas. GlasfaserPlus is based in Cologne, Germany.

Buy -