Deal Snapshot
CELERO SOFTWARE TO MERGE WITH MDSL
Friday 29 November 2019

Two US-based technology expense management companies Calero Software and MDSL have agreed to merge in a transaction led by Oak Hill Capital and Riverside Partners, the companies said.
Oak Hill Capital will make a significant new investment, joining Riverside Partners, Calero's existing financial sponsor, as the lead investors in a growth re-capitalisation of Calero and subsequent funding of the combination with MDSL. Sumeru Equity Partners (SEP), MDSL's financial backer, will also continue as a significant investor in the combined business.


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Details
Date Published: 29/11/2019
Target: MDSL
Country: USA
Sector: Computer Software
Type: Merger
Financing:
Status: Agreed
Vendor:
Buyer: Calero Software
Buyer Advisor: Choate
Comment:
Terms of the deal were not disclosed

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