Cedar Gate Technologies on the Block: GTCR Seeks $1bn+ Exit
Deal News | Apr 26, 2025 | EIN
GTCR, a private equity firm based in Chicago, has started the process of selling Cedar Gate Technologies, a healthcare tech company expected to attract bids exceeding $1 billion. This potential sale forms part of GTCR's ongoing spree of lucrative exits, which includes a recent sale of Worldpay to Global Payments, netting a sizable return. While strategic buyers and other sponsors are expected to show interest, the sale is not guaranteed, with possibilities of GTCR holding onto the company or selling a stake instead. This initiative unfolds despite a broader downturn in M&A activity due to market disruptions tied to U.S. tariff policies.
Sectors
- Healthcare Technology
- Private Equity
- Financial Services
Geography
- United States – GTCR, Cedar Gate Technologies, and the events described are primarily based or occurring within the United States.
Industry
- Healthcare Technology – Cedar Gate Technologies operates within healthcare technology, focusing on patient analytics and health information systems.
- Private Equity – GTCR is a private equity firm actively managing and exiting investments, including the planned sale of Cedar Gate Technologies.
- Financial Services – Recent transactions by GTCR, including the sale of Worldpay, fall under the financial services industry due to their involvement with payment processing entities.
Financials
- $1bn+ – Expected sale price for Cedar Gate Technologies by GTCR.
- $24.2bn – Valuation of Worldpay in the deal with Global Payments.
- $18.5bn – GTCR's purchase price for Worldpay two years prior to the sale.
- Two-fold return – Return on investment GTCR received from selling its stake in Worldpay.
- $45bn – Assets under management by GTCR.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cedar Gate Technologies | Target | Company | A healthcare technology company providing analytics and payment information services. |
| GTCR | Selling Company | Company | A Chicago-based private equity firm selling Cedar Gate Technologies. |
| Global Payments | Other Company | Company | Recently purchased GTCR's stake in Worldpay, a notable transaction in the financial services sector. |
| Stone Point Capital | Other Company | Company | Acquired a stake in Ultimus Fund Solutions from GTCR. |
| Ultimus Fund Solutions | Other Company | Company | A hedge fund data provider involved in a transaction with GTCR and Stone Point Capital. |