Arma Partners advises Allocate Software, a portfolio company of Hg and Vista, on its sale to RLDatix, backed by Five Arrows and TA Associates

Arma Partners is pleased to announce that it has acted as financial advisor to Allocate Software, a leading international provider of Human Capital Management (HCM) solutions that help healthcare organisations deliver safe and effective care, on its sale to RLDatix, the international leader in governance, risk and compliance (GRC) solutions for healthcare.

With the acquisition of Allocate, RLDatix will combine its industry-leading patient safety, risk, compliance and provider management capabilities with Allocate’s leading workforce management solutions to enable healthcare organisations to shift from reactive risk management to proactive prevention, while creating a critical link between patient safety, human capital management, regulatory-driven compliance and risk management.

Combined, RLDatix and Allocate have more than 5,000 customers in 26 countries. Each month, 1.2 million staff utilise Allocate solutions to manage their working lives, over 1.4 million temporary staff shifts are filled and over 8 million hours of nursing care are redeployed for safety-related purposes.

This transaction highlights Arma Partners’ deep expertise in Digital Health and HCM software and our track record of successfully executing landmark transactions on behalf of private equity investors. Having advised both Allocate and RLDatix previously on their respective recapitalisations in 2018, the transaction also demonstrates Arma’s long-term relationship-driven approach.