Netsmart Explores Sale & IPO

Netsmart Technologies has retained an investment bank to run an auction process while preparing itself to go public. A sale of the company could bring in approximately $750 million, or more than 15 times Ebitda (earnings before interest, taxes, depreciation, and amortization). Netsmart has been a portfolio company of Genstar Capital Management, LLC since 2010. In addition, it was recently recapitalized through a $250 million senior credit facility from Golub Capital.

This was reported by The Deal on June 3, 2015.

Contact Information: Kevin Allen, Senior Writer/Editor, Netsmart Technologies, 4950 College Boulevard, Overland Park, KS 66211; 913-226-5887 . . .