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New Deal


Announced

Completed

Recognize Partners completed the acquisition of AST from Tailwind Capital, for $210m.

Financials

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Transaction Value£174m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private Equity

Completed

Friendly

IT Services: Other

Majority

Domestic

it services

Acquisition

Private

Single Bidder

it consultancy

Synopsis

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Recognize Partners, a private equity firm, completed the acquisition of AST, an IT solutions provider, from Tailwind Capital, a private equity firm, for $210m. "AST represented a compelling opportunity to invest in a cloud and digital transformation partner focused on Oracle’s technology stack. Together with the AST management team, we executed a value creation plan over the last five years centered on recruiting world class executives and building a business capable of scaling at the pace of the market’s growth. We are proud of the AST team’s accomplishments during our investment period," Will Fleder, Tailwind Partner.

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