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New Deal


Announced

Completed

Five Arrows and TA Associates-backed RLDatix completed the acquisition of Allocate Software from Vista Equity and Hg Capital for $1.35bn.

Financials

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Transaction Value£969m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Single Bidder

Majority

Private Equity

Cross Border

Acquisition

Software

IT Services: Other

United Kingdom

software. workforce optimisation

Completed

Synopsis

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Five Arrows and TA Associates-backed RLDatix, a global provider of patient safety and risk management software, completed the acquisition of Allocate Software, a provider of healthcare workforce deployment software, from private equity firms Vista Equity and Hg Capital for $1.35bn. "We are very excited to join forces with RLDatix. The link between patient safety, the welfare of staff and workforce technology is absolute. Over the coming years, providers of healthcare face ongoing workforce shortages alongside increasing demand for care. Together, we will positively impact how the workforce is planned, supported and deployed in a way that for the first time means it will be truly underpinned by patient safety and quality," Nick Wilson, Allocate Software CEO.

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