Madison Dearborn Partners Acquires Benefytt Technologies

Madison Dearborn Partners Acquires Significant Ownership Position in NextGen Healthcare

May 2, 2025

Healthcare Services

Madison Dearborn Partners (MDP) has acquired a significant ownership position in NextGen Healthcare, partnering with existing investor Thoma Bravo and NextGen management to accelerate the company's growth and increase R&D investment. Thoma Bravo retains a material ownership stake; NextGen will also implement a planned CEO succession with President & COO Srinivas (Sri) Velamoor succeeding David Sides.

Madison Dearborn Partners to Acquire Zilliant

December 6, 2021

Cloud & SaaS

Funds affiliated with Madison Dearborn Partners have agreed to acquire Zilliant, a cloud-native B2B price optimization and price management software company headquartered in Austin, Texas. The deal (terms undisclosed) is expected to close in Q4 2021, with MDP taking a controlling stake to support Zilliant's growth and product innovation.

Madison Dearborn Partners Acquires T2S Solutions

November 29, 2023

Aerospace & Defense

Funds affiliated with Madison Dearborn Partners have acquired T2S Solutions, a founder-owned provider of R&D, prototyping, engineering, integration, and technology products serving the U.S. Department of Defense, the Intelligence Community, and other U.S. government agencies. The T2S founders will retain a significant minority stake and continue to lead the company as MDP provides capital and industry expertise to accelerate R&D, bring products to lead production, and expand mission-focused capabilities.

Madison Dearborn Partners Increases Equity Stake in Amynta Group

March 10, 2022

Insurance

Funds affiliated with Madison Dearborn Partners (MDP) acquired all equity interests in Amynta Group previously held by AmTrust Financial Services, increasing MDP’s majority ownership while Amynta’s management retains a minority stake. The transaction strengthens MDP’s partnership with Amynta to support continued growth of the underwriting services and warranty business; existing commercial arrangements between Amynta and AmTrust will remain in place.

MSouth Equity Partners Acquires iBenefit Communication

October 1, 2020

Professional Services

MSouth Equity Partners, an Atlanta-based private equity firm, has closed an investment in iBenefit Communication, a Charlotte-based benefits communication, engagement, and enrollment services provider. The partnership is intended to help iBenefit scale its sales, operational, and financial processes and accelerate growth.

Advent International and Great Hill Partners Recapitalize RxBenefits

January 19, 2021

Healthcare Services

Advent International has completed a recapitalization of RxBenefits alongside existing investor Great Hill Partners, valuing the technology-enabled pharmacy benefits optimizer at approximately $1.1 billion. Advent and Great Hill now each hold equal stakes alongside a significant management investment; the financing will fund expansion of the salesforce, broker channels and technology and support continued organic growth and M&A.