M&A Deal Summary |
|
|---|---|
| Date | 2021-10-14 |
| Target | CareCentrix |
| Sector | Healthcare Services |
| Buyer(s) | Walgreens Boots Alliance |
| Sellers(s) |
Summit Partners
HarbourVest Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Weil Gotshal & Manges Cleary Gottlieb Steen & Hamilton (Legal) |
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| Category | Company |
|---|---|
| Founded | 1909 |
| Sector | Retail |
| Employees | 206,000 |
| Revenue | 139.1B USD (2023) |
Walgreens Boots Alliance is a multichannel retailer of consumer goods and services focused on health and wellness services and advice. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with online and mobile services. Walgreens Boots Alliance was founded in 1909 and is based in Deerfield, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 24 |
| Sector (Healthcare Services) | 11 of 11 |
| Type (Add-on Acquisition) | 16 of 16 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 22 of 22 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-31 |
Shields Health Solutions
Stoughton, Massachusetts, United States Shields Health Solutions is a specialty pharmacy integrator and care provider, partnering with hospital leaders on every aspect of specialty pharmacy creation, growth and management. Shields provides the fastest, lowest risk model for health systems to create or grow a hospital-owned specialty pharmacy program. Shields Health Solutions was founded in 2012 and is based in Stoughton, Massachusetts. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 266 of 285 |
| Sector (Healthcare Services) | 31 of 33 |
| Type (Add-on Acquisition) | 118 of 127 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 234 of 246 |
| Year (2021) | 17 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-27 |
Optimove
Tel Aviv, Israel Optimove is a Customer Marketing Cloud, helps over 200 brands drive their entire customer marketing operation. The Optimove retention automation software helps marketers maximize customer spend, engagement, retention and lifetime value. It does this by automating the execution, analysis and optimization of continuously-improving personalized multi-channel customer marketing campaigns. Optimove’s unique customer modeling, predictive microsegmentation and campaign automation technologies are rolled into an intuitive Web user interface, making it easy and enjoyable for marketers to excel at their craft. Optimove was formed in 2009 and is based in Tel Aviv, Israel. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-20 |
Invicti Security
Austin, Texas, United States Invicti Security is a provider of web application security. Invicti offers dynamic and interactive application security products to help organizations in every industry scale their overall security operations, make the best use of their security resources, and engage developers to improve their overall security posture. Invicti’s product Netsparker delivers industry-leading enterprise web application security, while Acunetix is designed for small and medium-sized companies. Invicti Security is based in Austin, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 113 of 132 |
| Sector (Healthcare Services) | 7 of 8 |
| Type (Add-on Acquisition) | 46 of 57 |
| State (Connecticut) | 2 of 4 |
| Country (United States) | 72 of 83 |
| Year (2021) | 5 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-01 |
SambaSafety
Greenwood Village, Colorado, United States SambaSafety is a provider of Driver Risk Management (DRM) services and Motor Vehicle Records (MVRs) to every industry across the United States. SambaSafety’s innovative Software as a Service (SaaS) solutions provide driver risk technology and information to employers, insurance, background screeners and fleet management companies. This enables companies with commercial and non-commercial fleets to easily identify and address unsafe driving behavior and take the appropriate actions necessary to maintain the safety of drivers, passengers and the communities in which they live and work. Additionally, SambaSafety solutions provide the insights insurance carriers need to accurately price risk throughout the policy lifecycle. SambaSafety was founded in 1998 and is based in Greenwood Village, Colorado. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-15 |
Fivestars
San Francisco, California, United States Fivestars is the largest local commerce network, driving over $3 billion of sales and 100 million transactions annually. Fivestars offer vertically integrated payments, loyalty, and a marketing automation platform that brings more customers to local businesses. Fivestars was founded in 2011 and is based in San Francisco, California. |
Buy | $317M |
