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New Deal


Announced

Completed

Citadel Group completed the acquisition of Wellbeing Software Group from Elysian Capital for $127m.

Financials

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Transaction Value£103m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales6.2x
EV/EBITDA16x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Friendly

Completed

Software

application software

United Kingdom

Single Bidder

Majority

Cross Border

Private Equity

Disposal

Synopsis

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Citadel Group, a Canberra-based IT service management company, completed its acquisition of Wellbeing Software Group, a UK-based healthcare software vendor, from Elysian Capital, a private equity firm for $127m. The acquisition of Wellbeing is an important strategic advancement for Citadel’s expansion into the international healthcare market. It enhances Citadel’s investment in the development of solutions and services that enables clients to optimise, integrate and innovate across their health operations. At the same time, it allows Citadel to widen its existing portfolio into complementary areas, through the addition of Wellbeing’s market leading radiology and maternity systems.

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