Advised Datix, a leader in patient safety and risk management software and portfolio company of Five Arrows, on its sale to TA Associates
Apr 2018
(a portfolio company of Five Arrows)
acquired by
  • Sector: Digital Health; Data & Information
  • Deal Type: Private Equity Deals
  • Engagement type: Sellside
  • Size: $200-500m
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Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Datix, a portfolio company of Five Arrows, on its sale to TA Associates, a leading global growth private equity firm. Five Arrows will continue to control the business, jointly with TA Associates.

Datix is a pioneer in mission critical patient safety and compliance software, enabling healthcare organisations to improve the quality of patient care. Datix has been a thought leader and market shaper for over 30 years, protecting more than 110 million patients across 20,000+ global sites in the UK, North America, Australia and the Middle East. The company has enjoyed uninterrupted profitable growth for over a decade by expanding into adjacent healthcare segments and new geographical markets.

Under the joint ownership of Five Arrows and TA Associates, Datix aims to accelerate its growth trajectory, both organic and inorganic, and is on track to become a category leader in patient safety and the broader healthcare Governance, Risk Management and Compliance (GRC) software sub-segment.

On the back of the sale last week of Allocate Software to Vista Equity Partners, this transaction further underscores Arma Partners’ deep expertise in healthcare technology and our ability to secure successful transatlantic outcomes for European headquartered healthcare technology companies.

-Datix is a pioneer in mission critical patient safety and compliance software, enabling healthcare organisations to improve the quality of patient care

-Datix has been a thought leader and market shaper for over 30 years, protecting more than 110 million patients across 20,000+ global sites in the UK, North America, Australia and the Middle East

-Datix aims to build and promote a culture of safety within healthcare organisations, recruiting professionals who are passionate about improving healthcare and championing technological innovation

-The company has enjoyed uninterrupted profitable growth for over a decade by expanding into adjacent healthcare segments and new geographical markets

-TA Associates is one of the largest global growth private equity firms, focused on technology, healthcare, financial services, consumer and business services

-TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in nearly 500 companies around the world

-Investing as either a majority or minority investor, TA employs a long-term approach, utilising its strategic resources to help management teams build lasting value in growth companies

-TA has raised $24 billion in capital since its founding in 1968 and employs more than 80 investment professionals across Boston, Menlo Park, London, Mumbai and Hong Kong

-Following the transaction, both Five Arrows and TA Associates will have co-controlling stakes in Datix

-Under the joint ownership of Five Arrows and TA Associates, Datix aims to accelerate its growth trajectory, both organic and inorganic, and is on track to become a category leader in patient safety and the broader healthcare Governance, Risk Management and Compliance (GRC) software sub-segment

-On the back of previous investments from Bowmark Capital and Five Arrows, the recent strategic investment by TA Associates demonstrates Datix’s ability to attract world class institutional investor support to drive the future growth of the business

-Arma Partners had forged a close relationship with Datix over several years and was retained as the exclusive financial advisor

-Arma helped the company manage inbound interest, while driving competitive tension by supporting outreach to the most qualified potential buyers

-Arma facilitated a tight process focused on generating competitive tension, maintaining confidentiality and maximising value in a short period of time

-Arma’s role involved analysis of strategic positioning, preparing a detailed financial model, preparation of marketing materials, supporting diligence requests and negotiation of the key transaction terms, all of which was achieved within an accelerated timeframe and resulted in a highly successful outcome for Five Arrows