M&A Deal Summary

Apax Acquires Herjavec Group

On February 11, 2021, private equity firm Apax acquired information technology company Herjavec Group

Acquisition Highlights
  • This is Apax’s 23rd transaction in the Information Technology sector.
  • This is Apax’s 5th transaction in Canada.
  • This is Apax’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2021-02-11
Target Herjavec Group
Sector Information Technology
Buyer(s) Apax
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Dentons (Legal)

Target

Herjavec Group

Toronto, Ontario, Canada
website
Herjavec Group is a cybersecurity company, supporting IT security lifecycle products and services. Herjavec Group delivers SOC 2 Type 2 certified managed security services globally supported by a PCI compliant Security Operations Center (SOC), operated 24/7/365 by certified security professionals. This expertise is coupled with a leadership position across a wide range of functions including consulting, professional services & incident response. Herjavec Group was formed in 2003 and has offices globally including a head office in Toronto, Ontario.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 224 of 246
Sector (Information Technology) 23 of 27
Type (Buyout (LBO, MBO, MBI)) 56 of 57
State (Ontario) 2 of 2
Country (Canada) 5 of 5
Year (2021) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Signavio

Berlin, Germany

Signavio is a provider of SaaS-based business process and decision management technology services. Signavio offers a web-based solution for modeling, analyzing, and optimizing business processes and decisions. Signavio was founded in 2009 and is based in Berlin, Germany.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 InnovAge

Denver, Colorado, United States

InnovAge provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities through the Program of All-inclusive Care for the Elderly (PACE). InnovAge is dedicated to expanding this successful program to serve as many seniors as possible across the country. InnovAge was formed in 1990 and is based in Denver, Colorado.

Sell -
Mergr

Product

Company

Legal