M&A Deal Summary

Vestar Capital Partners, HarbourVest Partners and Sumeru Equity Partners Acquire Mercury Healthcare

On July 28, 2010, private equity firms Vestar Capital Partners, HarbourVest Partners and Sumeru Equity Partners acquired software company Mercury Healthcare for 294M USD

Acquisition Highlights
  • This is Vestar Capital Partners’ 2nd, HarbourVest Partners’ 11th and Sumeru Equity Partners’ 1st transaction in the Software sector.
  • This is Vestar Capital Partners’ 14th, HarbourVest Partners’ 46th and Sumeru Equity Partners’ largest (disclosed) transaction.
  • This is Vestar Capital Partners’ 47th, HarbourVest Partners’ 51st and Sumeru Equity Partners’ 2nd transaction in the United States.
  • This is Vestar Capital Partners’ 3rd, HarbourVest Partners’ 2nd and Sumeru Equity Partners’ 1st transaction in Colorado.
Investment Fate
  • Mercury Healthcare was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2010-07-28
Target Mercury Healthcare
Sector Software
Buyer(s) Vestar Capital Partners
HarbourVest Partners
Sumeru Equity Partners
Deal Type Going Private
Deal Value 294M USD
Advisor(s) Citi (Financial)
Shearman & Sterling (Legal)

Target

Mercury Healthcare

Denver, Colorado, United States
Mercury Healthcare is a technology and data analytics company that empowers healthcare organizations to engage consumers and optimize provider relationships to accelerate growth. Mercury Healthcare was founded in 1998 and is based in Denver, Colorado.

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Buyer(S) 3

Buyer

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 61 of 86
Sector: Software M&A 2 of 3
Type: Going Private M&A Deals 6 of 7
State: Colorado M&A 3 of 4
Country: United States M&A 47 of 70
Year: 2010 M&A 1 of 1
Size (of disclosed) 14 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-22 Symetra Financial

Bellevue, Washington, United States

Symetra, based in Bellevue, Washington, is the former life insurance and investment division of Safeco Corp. Its services include life insurance, annuities, retirement plans and group medical plans. Symetra has more than two million customers, including 400,000 life insurance policy holders.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-09 Joerns Healthcare

Charlotte, North Carolina, United States

Joerns Healthcare is a manufacturer of equipment and provider of wound therapy solutions for the care and handling of patients in post-acute healthcare settings. Joerns Healthcare is based in Charlotte, North Carolina.

Sell -
Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 84 of 214
Sector: Software M&A 11 of 26
Type: Going Private M&A Deals 13 of 26
State: Colorado M&A 2 of 4
Country: United States M&A 51 of 130
Year: 2010 M&A 6 of 12
Size (of disclosed) 46 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-20 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-06 NXP Semiconductors

Eindhoven, Netherlands

NXP Semiconductors is a provider of semiconductors, system solutions and software that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices. NXP Semiconductors was founded in 2006 and is based in Eindhoven, Netherlands.

Sell -
DESCRIPTION

Sumeru Equity Partners, Inc. is a technology-focused private equity firm that makes investments in mid-market software, technology enabled services, and hardware companies with a focus on growth. Sumeru Equity Partners typically invests between $50 and $250 million in companies with revenues greater than $10 million. Sumeru Equity Partners was formed in 2014 and is based in Foster City, California.


DEAL STATS #
Overall 2 of 24
Sector: Software M&A 1 of 8
Type: Going Private M&A Deals 1 of 2
State: Colorado M&A 1 of 1
Country: United States M&A 2 of 16
Year: 2010 M&A 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-11 Cybera

Franklin, Tennessee, United States

Cybera is a provider of security as a service virtual application networks to enterprises. Cybera solves the networking and security needs of highly distributed enterprises. Cybera was founded in 2001 and is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-20 Locaweb

Sao Paulo, Brazil

Locaweb is a provider of Webhosting and cloud computing services to small/medium businesses. Locaweb was founded in 1998 and is based in Sao Paulo, Brazil.

Buy -