M&A Deal Summary

Verily Acquires SignalPath

On August 17, 2021, Verily acquired information technology company SignalPath from Highlander Partners

Acquisition Highlights
  • This is Verily’s 1st transaction in the Information Technology sector.
  • This is Verily’s 1st transaction in the United States.
  • This is Verily’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2021-08-17
Target SignalPath
Sector Information Technology
Buyer(s) Verily
Sellers(s) Highlander Partners
Deal Type Add-on Acquisition

Target

SignalPath

Raleigh, North Carolina, United States
SignalPath developes the SignalPath platform, a clinical trial management system (CTMS) that improves the ease, quality and efficiency of conducting clinical research at study sites. SignalPath was founded in 2014 and is based in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

Verily

Dallas, Texas, United States

Category Company
Sector Life Science
DESCRIPTION

Verily develops tools and devices to collect, organize and activate health data, and creates interventions to prevent and manage disease. Verily is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.


DEAL STATS #
Overall 22 of 31
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 14 of 20
State: North Carolina M&A 1 of 1
Country: United States M&A 17 of 22
Year: 2021 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Del Monte Pacific

British Virgin Islands, United Kingdom

Del Monte Pacific engages in processing, manufacturing, and packing pineapple and tomato products. Del Monte Pacific was founded in 1886 and is based in British Virgin Islands, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Bettera Brands

Plano, Texas, United States

Bettera Brands operates as a holding company for Bettera Wellness, Nutravail, and Hillside, which focus on using confection products as an alternative delivery systems for vitamins, minerals and supplements. Bettera Wellness is a manufacturer of branded and private label gummy vitamins and better-for-you gummy confection products. Bettera operates two fully integrated production facilities located in Indiana and California that are SQF Level 3 and CFR 111 certified for dietary supplements. Nutravail, operating from a CFR 111 facility in Chantilly, Virginia, is a leading developer and manufacturer of health and wellness food products that manufactures proprietary soft chew delivery systems with its low-temperature processing technology. Hillside is a manufacturer of organic, sugar-free, and branded confection products (through its GoOrganic brand), as well as incorporating nutraceutical ingredients into lozenge delivery systems. Bettera Brands was formed in 1898 and is based in Plano, Texas.

Sell $1.0B