Sun Capital Partners has acquired Exadel, Inc., a provider of digital platform engineering services. The transaction closed on March 4, 2021.
| Acquirer: | Sun Capital Partners (US) |
|---|---|
| Target: | Exadel, Inc. (US) |
| Deal type: | acquisition |
| Value: | undisclosed |
| Close date: | 2021-03-04 |
| Announcement date: | 2021-03-04 |
| Buy-side advisors: | Mufson Howe Hunter |
| Sell-side advisors: | not disclosed |
| Legal buy-side: | not disclosed |
| Legal sell-side: | not disclosed |
Sun Capital Partners, a private equity firm based in the United States, has completed its acquisition of Exadel, Inc., a technology company that specializes in digital platform engineering services. The deal aims to bolster Sun Capital's portfolio with a leading player in cloud-native application development.
Deal Mechanics
The transaction closed on March 4, 2021, without the disclosure of financial terms or key contractual details such as earnouts and milestones.
Strategic Rationale
This acquisition is intended to enhance Sun Capital's portfolio by adding Exadel's expertise in cloud-based software solutions and digital transformation services. With this move, Sun Capital expects to leverage Exadel’s technology stack and innovation capabilities to support its existing investments and future targets.
Financial Context
The undisclosed nature of the financial details suggests that terms were agreed upon privately without public market considerations influencing the deal value. Given the strategic importance for both parties, particularly in digital transformation within enterprise software solutions, the transaction aligns with Sun Capital's strategy to invest in high-growth sectors.
Advisors
Mufson Howe Hunter served as financial advisor to the buyer, Sun Capital Partners. No information was made available regarding sell-side advisors or legal counsel for either party.
Outlook
The deal marks a significant strategic move in the technology and services sector, positioning Exadel to expand its market reach under Sun Capital's ownership. The partnership is expected to accelerate innovation in cloud computing and digital platform engineering.