M&A Deal Summary

Apollo Global Management and BC Partners Acquire Intrado

On May 9, 2017, asset manager Apollo Global Management and private equity firm BC Partners acquired internet software and services company Intrado for 5.1B USD

Acquisition Highlights
  • This is Apollo Global Management’s 1st and BC Partners’ 3rd transaction in the Internet Software and Services sector.
  • This is Apollo Global Management’s 12th and BC Partners’ 4th largest (disclosed) transaction.
  • This is Apollo Global Management’s 50th and BC Partners’ 12th transaction in the United States.
  • This is Apollo Global Management’s 1st and BC Partners’ 1st transaction in Nebraska.

M&A Deal Summary
Date 2017-05-09
Target Intrado
Sector Internet Software and Services
Buyer(s) Apollo Global Management
BC Partners
Deal Type Going Private
Deal Value 5.1B USD
Advisor(s) Centerview Partners (Financial)
Sidley (Legal)

Target

Intrado

Omaha, Nebraska, United States
website
Intrado's corporate headquarters in Omaha, Nebraska.
Intrado's corporate headquarters in Omaha, Nebraska.
Intrado is a cloud-based, global technology partner to clients around the world. The Company's solutions connect people and organizations at the right time and in the right ways, making those mission-critical connections more relevant, engaging, and actionable - turning Information to Insight. Intrado was formed in 1986 and is based in Omaha, Nebraska.

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Buyer(S) 2

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 69 of 134
Sector (Internet Software and Services) 1 of 4
Type (Going Private) 18 of 30
State (Nebraska) 1 of 1
Country (United States) 50 of 98
Year (2017) 2 of 9
Size (of disclosed) 12 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Presidio

New York, New York, United States

Presidio is a technology services and solutions provider that builds traditional IT foundations and offers deep expertise in automation, security, networking, digital transformation, and cloud computing, It develops custom applications, provides managed services, enables actionable data insights, and builds forward-thinking solutions that drive extraordinary outcomes for customers globally. Presidio was founded in 2003 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 CareerBuilder

Chicago, Illinois, United States

CareerBuilder provides comprehensive online recruiting products and services for job seekers and employers and has uniquely syndicated its trademarked technology and content to create a network of private-label career sites. CareerBuilder was founded in 1995 and is based in Chicago, Illinois.

Buy -
Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.

DEAL STATS #
Overall 71 of 96
Sector (Internet Software and Services) 3 of 4
Type (Going Private) 4 of 6
State (Nebraska) 1 of 1
Country (United States) 12 of 18
Year (2017) 2 of 7
Size (of disclosed) 4 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Com Hem AB

Stockholm, Sweden

Com Hem offers broadband, TV, play and telephony services to Swedish households and companies. The company plays an important role in Sweden’s ongoing digitalisation push, with its powerful and future-proofed broadband network that covers half of the country’s households, reaching approximately 1.5 million customers.

Sell kr3.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 Dentalpro

Milan, Italy

Dentalpro owns and operates an Italian network of dental clinics that offer a wide range of high-quality dental services from general dentistry to more sophisticated procedures in convenient and modern settings. DentalPro provides top-tier practice management support to dentists, allowing them to focus on delivering care. Dentalpro was founded in 2010 and is based in Milan, Italy.

Buy -
Mergr

Product

Company

Legal