M&A Deal Summary |
|
|---|---|
| Date | 2023-10-26 |
| Target | Payzer |
| Sector | Software |
| Buyer(s) | WEX |
| Sellers(s) | Harbert Private Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 250M USD |
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| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Information Technology |
| Employees | 5,300 |
| Revenue | 2.5B USD (2023) |
WEX is a global provider of payment processing and information management services. The Company primarily focuses on simplifying the complexities of payment systems across a wide range of sectors, including fleet, travel and healthcare. For the fleet industry, WEX offers fuel cards and vehicle maintenance solutions to help companies manage their fleets more efficiently. In the travel sector, WEX provides virtual payment solutions that enable travel agencies, corporate travel departments, and online travel providers to automate and manage payments to suppliers. For healthcare, WEX offers healthcare payment products and services that facilitate payments and transactions between patients, providers, and payers. WEX was formed in 1983 and is based in Portland, Maine.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 19 |
| Sector (Software) | 3 of 3 |
| Type (Add-on Acquisition) | 14 of 14 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 12 of 12 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 7 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-14 |
benefitexpress
Schaumburg, Illinois, United States benefitexpress is a cloud-based platform for employee benefits and health exchange services. benefitexpress is based in Schaumburg, Illinois. |
Buy | $275M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 4.7B USD |
| Size | Mega |
| Type | Sector Agnostic |
Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.
| DEAL STATS | # |
|---|---|
| Overall | 43 of 43 |
| Sector (Software) | 3 of 3 |
| Type (Add-on Acquisition) | 26 of 26 |
| State (North Carolina) | 3 of 3 |
| Country (United States) | 42 of 42 |
| Year (2023) | 2 of 2 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-12 |
Envera Health
Richmond, Virginia, United States Envera Health is a provider of patient engagement service platform delivers an ecosystem of connectivity to strengthen health systems and physician practices. Envera Health is based in Richmond, Virginia. |
Sell | - |
