October 12, 2017 | Announcements
GCA Advises Onvia on Its Sale to Deltek
GCA is pleased to announce that our client Onvia, a leader in sales intelligence and acceleration for businesses selling to the public sector, has entered into a definitive agreement to be acquired by Deltek, a subsidiary of Roper Technologies. This marks our 24th transaction in the software and tech-enabled services sectors since the start of 2017.
Onvia Inc. (NASDAQ: ONVI) creates mutual value for public and private sectors, taxpayers and society at large by connecting and accelerating the multitrillion-dollar business-to-government market. Onvia enables customers to grow their sales pipeline with access to bids, RFPs and future spending data, along with agency contacts, competitor information and market analytics. The solution is backed by Onvia’s smart search technology, CRM integration and expert support.
Deltek Inc., a subsidiary of Roper Technologies Inc. (NYSE: ROP), is the leading global provider of enterprise software and solutions for government contractors, professional services and other project-based businesses.
The acquisition of Onvia is intended to further strengthen Deltek’s GovWin IQ information solution offering by adding state, local and education market intelligence. Under the terms of the agreement, Deltek’s parent company will acquire all the outstanding shares of Onvia’s common stock for $9.00 per share in an all-cash tender offer. The offer price represents a 100% premium to Onvia’s closing stock price on October 2, 2017.
GCA acted as exclusive financial advisor to Onvia in connection with this transaction.
About GCA
GCA is a premier global investment bank serving a broad client base through a range of advisory services including mergers and acquisitions, debt and equity capital markets, private funds, restructuring, and asset management. GCA is a global advisor providing insightful advice and is focused on building long-term relationships based on trust. GCA delivers deep expertise in many key industries and has a particular focus in Technology, Software, Media, Digital Media, Communications, Industrials and Industrial Technology, Healthcare, Financial Institutions, FinTech and Business Services. GCA has teams of highly experienced bankers in San Francisco, New York, Tokyo, Frankfurt, London, Manchester, Milan, Mumbai, Munich, New Delhi, Osaka, Shanghai, Singapore, Tel Aviv and Zurich. For more information, visit gcaglobal.com.