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3
Q2 2016
Announced M&A Transactions
Completed
Completed
Completed
May 3, 2016
May 2, 2016
April 19, 2016
Notes
Notes
Notes
Originally announced on March 8, 2016
Nordic Capital Fund VIII LP managed by
Nordic Capital and Novo A/S entered into
a definitive agreement to acquire
eResearchTechnology, Inc. from Genstar
Capital, LLC and others.
ResearchTechnology recorded revenues
in excess of $300 million. The
transaction was subject to customary
approvals by the relevant authorities and
on April 1, 2016, the deal was given early
termination of waiting period under HSR
Act.
Press Ganey Holdings, Inc.
(NYSE:PGND) acquired Avatar
Solutions Inc. for $17.1 million. The deal
value is subject to certain post-closing
adjustments. Press Ganey expects the
acquisition of Avatar to contribute
revenue of $6 million to $7 million in
2016 and have no material impact on
adjusted EBITDA in 2016.
Chicago-based Allscripts and private equity firm
GI Partners, in San Francisco, each acquired
stakes from Genstar Capital, another San
Francisco-based private equity firm, for a
combined $950 million.
Allscripts invested $70 million in cash and
merged its home-care software business into the
new joint venture, which will create a company
with annual income of $60 million on revenue of
$250 million, according to Allscripts. Valentine
will remain CEO of the new company, which will
merge Allscripts' 30,000 customers with 23,000
Netsmart's clients.
Source: Public Filings; Industry Newswires and Capital IQ as of 6/22/16
and
and
acquired
acquired
acquired