M&A Deal Summary

Blackbaud Acquires EverFi

On January 3, 2022, Blackbaud acquired internet software and services company EverFi from TPG for 750M USD

Acquisition Highlights
  • This is Blackbaud’s 7th transaction in the Internet Software and Services sector.
  • This is Blackbaud’s largest (disclosed) transaction.
  • This is Blackbaud’s 16th transaction in the United States.
  • This is Blackbaud’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2022-01-03
Target EverFi
Sector Internet Software and Services
Buyer(s) Blackbaud
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 750M USD
Advisor(s) Goldman Sachs (Financial)
DLA Piper (Legal)

Target

EverFi

Washington, District of Columbia, United States
website
EverFi is an education technology company that provides learners of all ages education for the real world, through innovative and scalable digital learning. EverFi is fueled by its Software-as-a-Service (SaaS) subscription model and has certified over 16 million learners in critical skill areas. EverFi was founded in 2008 and is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

Blackbaud

Charleston, South Carolina, United States

website

Category Company
Founded 1981
Sector Software
Employees3,200
Revenue 1.1B USD (2022)
DESCRIPTION
Entrance to Blackbaud's corporate headquarters in Charleston, South Carolina.
Entrance to Blackbaud's corporate headquarters in Charleston, South Carolina.

Blackbaud is a provider of nonprofit software and services. Blackbaud offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including: fundraising, eMarketing, advocacy, constituent relationship management (CRM), financial management, payment solutions, analytics, education solutions, and vertical-specific solutions. Blackbaud was incorporated in 1981 and is based in Charleston, South Carolina.

DEAL STATS #
Overall 19 of 20
Sector (Internet Software and Services) 7 of 7
Type (Add-on Acquisition) 17 of 18
State (District of Columbia) 1 of 1
Country (United States) 16 of 17
Year (2022) 1 of 2
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 YourCause

Plano, Texas, United States

YourCause LLC is a Software as a Service (SaaS) provider leveraged to support corporate philanthropy using proprietary technology to build meaningful connections between corporations, employees, and nonprofits. YourCause LLC was founded in 2008 and is based in Plano, Texas.

Buy $157M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 Kilter

Madison, Wisconsin, United States

Kilter is a gamified, activity-based engagement app boasting virtually limitless activity type choices. Kilter expands activity-based engagement beyond the familiar options of running, walking, and cycling, enabling users to track new, popular, and personally relevant activities, from pickleball to meditation to motorcycling and more. Kilter was founded in 2016 and is based in Madison, Wisconsin.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 236 of 245
Sector (Internet Software and Services) 16 of 17
Type (Add-on Acquisition) 83 of 89
State (District of Columbia) 1 of 1
Country (United States) 174 of 182
Year (2022) 1 of 4
Size (of disclosed) 40 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-12 Cinespace Studios

Toronto, Ontario, Canada

Cinespace Studios is a family-owned and operated company specializing in developing, managing, and operating studio space and support facilities for the film, television, and digital media production industry. Cinespace Studios was founded in 1998 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Fractal Analytics

New York, New York, United States

Fractal Analytics is a provider of advanced analytics services and helps companies across the globe enhance profitability with the help of scientific decision-making. Fractal has deployed analytics to drive significant value for many Fortune 1000 companies in the areas of customer acquisition, retention, value enhancement, risk management, and marketing optimization. Fractal Analytics is based in New York, New York.

Buy $360M
Mergr

Product

Company

Legal