Madison Dearborn Partners and Thoma Bravo have completed the sale of Syntellis Performance Solutions, a provider of enterprise performance management software, data and intelligence solutions, to Roper Technologies, in an all-cash transaction valued at $1.4bn
Roper will now combine Syntellis with its existing Strata Decision Technology business.
Syntellis became an independent company with the investment support of Thoma Bravo and MDP when it was separated from Kaufman Hall in August 2020. Since then, the company has made product and platform investments, including to its Axiom365 SaaS offering, and enhanced its planning and performance product offering by acquiring Stratasan, a specialist in healthcare market intelligence and data analytics.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
William Blair served as financial advisor and Kirkland & Ellis LLP served as legal advisor to MDP and Thoma Bravo.
Source: Private Equity Wire
Can’t stop reading? Read more
Quadrivio Group acquires majority stake in Les Secrets de Loly through Made in Italy Fund II
Quadrivio Group acquires majority stake in Les Secrets de Loly through Made in Italy Fund II...
Warburg Pincus explores sale or partnership for Southeast Asian insurer Oona
Warburg Pincus explores sale or partnership for Southeast Asian insurer Oona Warburg Pincus is...
I Squared Capital nears $10bn for flagship infrastructure fund amid sector boom
I Squared Capital nears $10bn for flagship infrastructure fund amid sector boom I Squared Capital...