Warburg Pincus, TA Associates to sell Procare Solutions to Roper for $1.86B

Warburg Pincus announced the signing of a definitive agreement to sell Procare Solutions to Roper Technologies, for a total enterprise value of $1.86B. TA Associates, a global private equity firm, also sold its minority interest in Procare as part of the transaction. Procare is a provider of center management software and integrated payment processing solutions to child care centers in the US, enabling administrators to maintain a core system of record and workflow for operational, compliance, staffing, billing, and accounting functions. The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals and customary closing conditions.