Below is a link to our November 2011 Market Update. As you will see, it provides our sense of M&A values, activity and trends for the dozen plus technology, information and healthcare sectors that we follow.
Click here for our Market Update
There were several notable transactions in October, including:
- Oracle agreed to acquire two companies:
– Customer experience management provider Rightnow Technologies for $1.5B; and
– Data management provider Endeca (price not disclosed); - Lexmark agreed to acquire BPM provider Pallas Athena for $50.2M;
- Parseq agreed to a takeover deal valued at $46.1M, led by CEO, Nova Partners and HarbourVest Partners;
- OpenLink agreed to acquire commodity management software provider SolArc;
- SunGard acquired financing process management provider Northern Arch Solutions;
- Welsh, Carson, Anderson & Stowe (WCAS) acquired majority control of Triple Point Technologies, a provider of software to manage commodities and enterprise risk.
(We are pleased to note that Marlin & Associates acted as exclusive strategic and financial advisor to WCAS for one of the industry’s largest and most significant transactions. It is the fourth significant transaction in the energy and commodities technology sector on which we have recently advised.)
In several sectors that we cover, including Healthcare Services and Technology, the number of M&A transactions was down considerably in October reflecting the broader M&A market. We do not believe this reflects a trend. One trend that we have observed is the growing investments by U.S. private equity firms in overseas markets. On the heels of Carlyle’s acquisition of N.I.C, a Japanese medical staffing company in September, this month Advent International made an investment in American Heart of Poland (AHP). AHP is an operator of cardiovascular treatment units.