Announced
Financials
Tags
Merger
Software
Acquisition
Business Process Outsourcing
business processes
Private
United States
enterprise software
Pending
Friendly
Single Bidder
Private Equity
Synopsis
Centerbridge Partners, a leading private investment firm, announced that it has signed a definitive agreement to acquire enterprise software providers Syncsort Incorporated and Vision Solutions from Clearlake Capital Group. Upon completion of the $1.26bn transaction, Syncsort and Vision will be combined, creating a leading “Big Iron to Big Data” platform investment controlled by Centerbridge. Clearlake, which acquired Syncsort in 2015 and Vision in 2016, is retaining a minority ownership stake.
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