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New Deal


Announced

Completed

MRI Software completed the acquisition of AMTdirect from Luminate Capital Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Majority

Friendly

Acquisition

Domestic

United States

Completed

Private

FinTech

lease accounting

Private Equity

Synopsis

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MRI Software, a provider of real estate technology, completed the acquisition of AMTdirect, a provider of lease accounting, lease administration, and facilities management software, from Luminate Capital Partners, a private equity firm investing in growth software companies. Financial terms were not disclosed. "Over the last few years, the Luminate team has partnered with AMTdirect to deliver cloud-based solutions to leading corporations and retailers. We've been able to build the organization and products that now support lease administration, lease accounting, and facilities management for hundreds of enterprise customers," Jeff Ralyea, AMTdirect Chief Executive Officer.

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