M&A Deal Summary

Wolters Kluwer Acquires Bankers Systems

On July 7, 1999, Wolters Kluwer acquired software company Bankers Systems from Goldner Hawn Johnson & Morrison and Midwest Mezzanine Funds

Acquisition Highlights
  • This is Wolters Kluwer’s 1st transaction in the Software sector.
  • This is Wolters Kluwer’s 2nd transaction in the United States.
  • This is Wolters Kluwer’s 1st transaction in Minnesota.

M&A Deal Summary

Date 1999-07-07
Target Bankers Systems
Sector Software
Buyer(s) Wolters Kluwer
Sellers(s) Goldner Hawn Johnson & Morrison
Midwest Mezzanine Funds
Deal Type Add-on Acquisition

Target

Bankers Systems

St. Cloud, Minnesota, United States
Bankers Systems, Inc. is a provider of software products and services designed to assist banks and other financial institutions conduct business in compliance with legal and regulatory requirements.

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Buyer(S) 1

Buyer

Wolters Kluwer

Alphen aan den Rijn, Netherlands

Category Company
Founded 1836
Sector Information Services
Employees21,127
Revenue 5.6B EUR (2023)
DESCRIPTION

Wolters Kluwer is a global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer was founded in 1836 and is based in Alphen aan den Rijn, the Netherlands.


DEAL STATS #
Overall 2 of 59
Sector (Software) 1 of 28
Type (Add-on Acquisition) 2 of 51
State (Minnesota) 1 of 2
Country (United States) 2 of 31
Year (1999) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 CT

New York, New York, United States

CT Corporation is a provider of corporate business compliance services, offering solutions for managing corporate and secured transactions, entities, service of process, and statutory representation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-07 Corsearch

London, United Kingdom

Corsearch is a player in the brand risk and performance market, serving over 5,000 clients across multiple industries. Corsearch Brand Risk and Performance solutions are revolutionizing how companies commercialize and protect their growth. Corsearch delivers data, analytics, and services that support brands to market their assets and reduce commercial risks. From IP clearance to brand protection and anti-piracy, Corsearch provides a comprehensive program that Press Release 2/2 enables businesses to secure brand value and thrive commercially. Corsearch was founded in 1949 and is based in London, United Kingdom.

Buy -

Seller(S) 2

SELLER

Goldner Hawn Johnson & Morrison

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Goldner Hawn Johnson & Morrison (GHJ&M) is a private equity firm that targets middle market companies in the Midwest US. GHJ&M generally looks for businesses valued between $20 and $150 million and looks to invest between $10 to $25 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. GHJ&M prefers control investments, but in certain instances, the Firm will also consider minority positions. GHJ&M was formed in 1989 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 4 of 33
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 16
State (Minnesota) 3 of 11
Country (United States) 4 of 33
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-01 American Engineered Components

Brighton, Massachusetts, United States

American Engineered Components, Inc. is a designer and manufacturer of complex, custom-designed stamped metal components, disc springs and engineered industrial fasteners, including sealer plugs, Carr Plug Buttons and Teenuts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-27 Havco Wood Products

Scott City, Missouri, United States

Havco Wood Products LLC is a domestic manufacturer of laminated oak hardwood flooring used in the assembly of dry freight van trailers.

Buy -
SELLER

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 1 of 56
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 24
State (Minnesota) 1 of 5
Country (United States) 1 of 55
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-01 Stravina Operating

Chatsworth, California, United States

Stravina Operating Co. LLC is a designer, manufacturer and distributor of personalized impulse-purchase novelty and souvenir items. Stravina specializes in a variety of personalized items that can be customized to specific locations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-10 Stravina Operating

Chatsworth, California, United States

Stravina Operating Co. LLC is a designer, manufacturer and distributor of personalized impulse-purchase novelty and souvenir items. Stravina specializes in a variety of personalized items that can be customized to specific locations.

Sell -