M&A Deal Summary

Thomas H. Lee Partners Acquires IMO Health

On March 31, 2022, private equity firm Thomas H. Lee Partners acquired software company IMO Health from Warburg Pincus

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 11th transaction in the Software sector.
  • This is Thomas H. Lee Partners’ 73rd transaction in the United States.
  • This is Thomas H. Lee Partners’ 4th transaction in Illinois.

M&A Deal Summary
Date 2022-03-31
Target IMO Health
Sector Software
Buyer(s) Thomas H. Lee Partners
Sellers(s) Warburg Pincus
Deal Type Secondary Buyout
Advisor(s) Evercore Group (Financial)
Kirkland & Ellis (Legal)

Target

IMO Health

Rosemont, Illinois, United States
IMO Health is a provider of medical terminology content and services supporting clinical workflow. The company's core products allow physicians to easily find and enter medical terminology at the point of care with an EHR system using solutions built on IMO's proprietary content of over 800,000 clinical concepts and mapping to five million terms across more than 100 code sets. IMO Health was founded in 1994 and is based in Rosemont, Illinois.

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Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 84 of 90
Sector (Software) 11 of 12
Type (Secondary Buyout) 29 of 32
State (Illinois) 4 of 4
Country (United States) 73 of 77
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Smile Doctors

Dallas, Texas, United States

Smile Doctors is an orthodontics-focused dental service organization in the U.S. Smile Doctors services over 100 affiliated practices offering both traditional braces and clear aligners. Smile Doctors focuses exclusively on developing and growing affiliated orthodontic practices. Smile Doctors was founded in 2015 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Carpe Data

Santa Barbara, California, United States

Carpe Data is a provider of next-generation predictive scoring and data products to property and casualty and life insurance companies. Leveraging the social web, online content, email intelligence, connected devices, and other forms of advanced and alternative data, Carpe Data’s products enable insurers to more accurately predict risk and innovate with new products to meet changing customer habits. Carpe Data was founded in 2016 and is based in Santa Barbara, California.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 232 of 251
Sector (Software) 18 of 22
Type (Secondary Buyout) 39 of 42
State (Illinois) 3 of 3
Country (United States) 129 of 137
Year (2022) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 Zimperium

Dallas, Texas, United States

Zimperium provides a mobile security platform purpose-built for enterprise environments. With machine learning-based protection and a single platform that secures everything from applications to endpoints, the company's solution provides on-device mobile threat defense to protect growing and evolving mobile environments. Zimperium was formed in 2010 and is headquartered in Dallas, Texas.

Sell $525M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 ClimeCo

Boyertown, Pennsylvania, United States

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products, projects, and related services. ClimeCo specializes in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. ClimeCo was founded in 2009 and is based in Boyertown, Pennsylvania.

Buy -
Mergr

Product

Company

Legal