M&A Deal Summary |
|
|---|---|
| Date | 2020-11-13 |
| Target | TrueCommerce |
| Sector | Information Technology |
| Buyer(s) | Welsh Carson Anderson & Stowe |
| Sellers(s) | Accel-KKR |
| Deal Type | Secondary Buyout |
| Advisor(s) | William Blair (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1979 |
| PE ASSETS | 31.0B USD |
| Size | Mega |
| Type | Sector Focused |
Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 90 of 103 |
| Sector (Information Technology) | 15 of 16 |
| Type (Secondary Buyout) | 17 of 20 |
| State (Pennsylvania) | 6 of 7 |
| Country (United States) | 86 of 98 |
| Year (2020) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-16 |
GovernmentCIO
Washington, District of Columbia, United States GovernmentCIO is a provider of high-end technology and digital solutions to the Federal Health IT Services market. GovernmentCIO is based in Washington, District of Columbia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-01 |
Owl Practice Suite
Knoxville, Tennessee, United States Owl Practice Suite is a web-based platform includes simple-to-use Scheduling, client data management, note-taking, invoicing, collections, and dashboard modules. Owl is accessible from anywhere, automatically backed-up, and uses bank-level encryption to help practices achieve compliance. Owl Practice Suite is based in Knoxville, Tennessee. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 19.0B USD |
| Size | Mega |
| Type | Sector Focused |
Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 54 |
| Sector (Information Technology) | 7 of 13 |
| Type (Secondary Buyout) | 11 of 16 |
| State (Pennsylvania) | 1 of 2 |
| Country (United States) | 24 of 44 |
| Year (2020) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-15 |
Surgical Information Systems
Alpharetta, Georgia, United States Surgical Information Systems is a provider of cloud-based ASC management which includes surgeon office case request, scheduling, insurance verification, registration, billing, payment posting, accounts receivable, collections, and inventory. Surgical Information Systems was founded in 1996 and is based in Alpharetta, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-24 |
ITC
Carrollton, Texas, United States ITC is a provider of marketing, rating, and management software and services to the insurance industry, including independent agents and insurance carriers. ITC helps its customers across the United States grow their businesses and become more efficient through the philosophy of providing quality software and services. Currently, ITC serves more than 200 insurance companies and more than 6,000 agencies. ITC was founded in 1983 and is based in Carrollton, Texas. |
Sell | - |
