Buyout (LBO, MBO, MBI) • Medical Products

Vista Equity Partners and HGGC Acquire Sunquest Information Systems

On October 1, 2007, private equity firms Vista Equity Partners and HGGC acquired medical products company Sunquest Information Systems for 381M USD

Acquisition Context
  • This is Vista Equity Partners’ 1st and HGGC’s 1st transaction in the Medical Products sector.
  • This is Vista Equity Partners’ 27th and HGGC’s 5th largest (disclosed) transaction.
  • This is Vista Equity Partners’ 11th and HGGC’s 1st transaction in the United States.
  • This is Vista Equity Partners’ 1st and HGGC’s 1st transaction in Arizona.
Investment Fate
  • Sunquest Information Systems was sold to a publicly-traded strategic buyer in 2012 for 1.4B USD.

Explore All 542 Buyout (LBO, MBO, MBI) Medical Products Deals - Search the Database Free


M&A Deal Summary

Date October 1, 2007
Target Sunquest Information Systems
Sector Medical Products
Buyer(s) Vista Equity Partners
HGGC
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 381M USD

Target Company

Sunquest Information Systems

Tucson, Arizona, United States
Sunquest Information Systems, Inc. is a provider of clinical and financial software solutions for the healthcare industry. The company designs, develops, and supports a comprehensive suite of information products for hospitals and commercial laboratories that include best-of-breed laboratory, radiology, and pharmacy software systems.
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Buyers Overview 2

Buyer

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


Deal Context for Buyer #
Overall 14 of 157
Sector: Medical Products 1 of 2
Type: Buyout (LBO, MBO, MBI) 9 of 27
State: Arizona 1 of 1
Country: United States 11 of 143
Year: 2007 1 of 1
Size (of disclosed) 27 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-27 SirsiDynix

Lehi, Utah, United States

SirsiDynix is a provider of integrated library systems (ILS) software, which is specialized enterprise resource planning software for libraries used to automate and optimize the entire operation of a library as well as enhance a library’s ability to serve its users and community. SirsiDynix was founded in 1979 and is based in Lehi, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-31 Accero

Lake Oswego, Oregon, United States

Accero is a developer of payroll processing and human resource management software and services. The company provides solutions that seamlessly integrate and streamline human resources and payroll processes with a customizable suite of products designed to empower users to efficiently and securely manage mission-critical HR and payroll functions.

Buy -
Buyer

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.


Deal Context for Buyer #
Overall 1 of 52
Sector: Medical Products 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 11
State: Arizona 1 of 2
Country: United States 1 of 43
Year: 2007 1 of 1
Size (of disclosed) 5 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-14 Turner Bros.

Oklahoma City, Oklahoma, United States

Turner Bros is a provider of industrial plant maintenance services using its extensive fleet of cranes and specialized transportation equipment. Turner focuses on providing routine and turnaround maintenance and related industrial services to the refining, chemical, power generation, oil and gas, mining and pulp and paper industries, primarily in the Gulf Coast region.

Buy -