William Blair acted as the exclusive financial advisor to ITRS, a portfolio company of The Carlyle Group, in connection with its pending sale to TA Associates. This transaction was signed on March 6, 2017, and is expected to close in March.
- Deep industry experience: The Carlyle Group was attracted to William Blair’s highly relevant transaction experience, extensive knowledge within the software and financial technology spaces, and strong relationships with potential buyers.
- Execution excellence leads to outlier outcome: William Blair’s expert process management tactics in dealing with a preemptive bidder resulted in a highly efficient and rapid process, ultimately leading to an outlier outcome in less than 8 weeks from the date of engagement.
- Trusted guidance: William Blair’s deal team was integrally involved in coordinating due diligence and negotiating key contract terms while using the threat of preparing for a broader process to create competitive tension, facilitating an exceptional outcome for ITRS’s shareholders on seller-friendly terms.
About the Companies
ITRS is an international software vendor to the financial services sector offering real-time monitoring and analytics software. The company provides solutions to transform masses of business and machine data into actionable insights, supporting better systems and business performance. ITRS serves over 170 leading global clients, including 9 out of the top 10 investment banks, as well as exchanges and trading venues, hedge funds, and brokers and vendors. ITRS currently employs 180 people in the United Kingdom, New York, Hong Kong, the Philippines, and Spain.
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $158 billion of assets under management across 281 investment vehicles as of December 31, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments—Corporate Private Equity, Real Assets, Global Market Strategies, and Investment Solutions—in Africa, Asia, Australia, Europe, the Middle East, North America, and South America. Carlyle has expertise in various industries, including: aerospace, defense and government services, consumer and retail, energy, financial services, healthcare, industrial, real estate, technology and business services, telecommunications, and media and transportation. The Carlyle Group employs more than 1,600 people in 35 offices across six continents.
TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 480 companies around the world and has raised $24 billion in capital. With offices in Boston, Menlo Park, London, Mumbai, and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the business services, consumer, financial services, healthcare, and technology industries.
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