Harris Williams Advises Transaction Data Systems on its Sale to BlackRock Long Term Private Capital
May 19 2021 - 9:22AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised Transaction Data
Systems (TDS), a portfolio company of GTCR, on its sale to
BlackRock Long Term Private Capital (BlackRock LTPC). TDS is a
leader in pharmacy software solutions and services. The transaction
was led by Sam Hendler, Dan Linsalata, Ryan Costa and Rebecca Evans
of the Harris Williams Technology Group and Paul Hepper of the
firm’s Healthcare & Life Sciences (HCLS) Group.
“TDS offers an innovative suite of solutions that enables
pharmacists to maintain pharmacy operations, improve efficiency and
enhance patient outcomes,” said Sam Hendler, a managing director at
Harris Williams. “Pharmacies represent the ‘last mile’ of
healthcare and play an increasingly critical role in the ongoing
migration towards value-based care.”
“Under the leadership of CEO Jude Dieterman, TDS has
impressively utilized its broad footprint in a fragmented industry
to build an ecosystem of solutions and revenue streams that
benefits all constituents,” said Dan Linsalata, a director at
Harris Williams. “TDS thrived under GTCR’s ownership and we are
excited to see what the company accomplishes in partnership with
BlackRock LTPC.”
For over 40 years, TDS has been dedicated to the success of the
pharmacy market and pharmacy supply chain. TDS, with its portfolio
of products and services including Rx30, Computer-Rx, KloudScript,
Pharm Assess and Enhanced Medication Services, provides innovative
technology solutions and pharmacy management systems to the
pharmacy industry. Proudly supporting one of the largest install
bases of pharmacies in the industry with systems in all 50 states
and the Virgin Islands, TDS is the leading provider of pharmacy
focused-patient centric solutions.
Founded in 1980, GTCR is a leading private equity firm focused
on investing in growth companies in the healthcare; financial
services and technology; technology, media and telecommunications;
and growth business services industries. The Chicago-based firm
pioneered The Leaders Strategy – finding and partnering with
management leaders in core domains to identify, acquire and build
market-leading companies through transformational acquisitions and
organic growth. Since its inception, GTCR has invested more than
$20 billion in over 250 companies.
BlackRock LTPC is an innovative private equity strategy focused
on investing in high-quality businesses and value creation through
active collaboration with management teams. The strategy’s flexible
duration and prudent approach to leverage preserve optionality for
growth and help enable compounded capital appreciation. BlackRock
LTPC’s team of 16 professionals are based in New York and London
and invest across North America and Western Europe. BlackRock LTPC
is backed by BlackRock, Inc., which manages $264 billion in
alternative investments and commitments on behalf of clients
worldwide as of March 31, 2021.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Technology Group advises leading private and
public companies, founders, and private equity, growth equity and
venture capital firms on mergers and acquisitions and
capital-raising transactions worldwide. The Technology Group has
deep domain expertise in software and technology-enabled services
and dedicated focus areas across a variety of vertical software
applications and end markets. For more information on the
Technology Group and its recent transactions, visit the Technology
Group’s section of the Harris Williams website.
The Harris Williams HCLS Group has experience across a broad
range of sectors, including healthcare providers; payors and payor
services; outsourced pharmaceutical services; medical device supply
chain; healthcare IT; and pharmacy. For more information on the
HCLS Group and other recent transactions, visit the HCLS Group’s
section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210519005573/en/
For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Jul 2024 to Aug 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Aug 2023 to Aug 2024