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New Deal


Announced

Rocket Software to acquire ASG Technologies from Evergreen Coast Capital for $850m.

Financials

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Transaction Value£619m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Domestic

Acquisition

enterprise information management

Single Bidder

IT Services: Other

Friendly

United States

Pending

Majority

Private Equity

Synopsis

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Rocket Software, a global technology firm, agreed to acquire ASG Technologies, a global software company, from Evergreen Coast Capital, the technology-focused Menlo Park affiliate of Elliott Investment Management, for $850m. "We know ASG well and are pleased to add their competencies and expertise in and around structured and unstructured data, content management, and systems management to our combined company. This is an important milestone in our journey of investing in global enterprise IT solutions and in our ongoing commitment to our customers. We will continue to enable our customers to evolve their core applications, take advantage of the power of their data, and operate their IT environments," Andy Youniss, Rocket Software CEO.

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