M&A Deal Summary |
|
|---|---|
| Date | 2019-10-16 |
| Target | DigiCert |
| Sector | Information Technology |
| Buyer(s) |
Clearlake Capital
TA Associates Crosspoint Capital Partners |
| Sellers(s) | Thoma Bravo |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 72.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.
| DEAL STATS | # |
|---|---|
| Overall | 55 of 86 |
| Sector (Information Technology) | 6 of 9 |
| Type (Secondary Buyout) | 19 of 37 |
| State (Utah) | 3 of 3 |
| Country (United States) | 52 of 82 |
| Year (2019) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-03 |
Brightly Software
Cary, North Carolina, United States Brightly Software is a provider of cloud-based operations management software to the education, government, healthcare, and manufacturing verticals. Brightly Software was founded in 1999 and is headquartered in Cary, North Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-08 |
Lytx
San Diego, California, United States Lytx is a provider of all-in-one video telematics, analytics, safety, and productivity solutions for commercial, public sector, and field services fleets. Lytx customizable services and programs span driver safety, risk detection, fleet tracking, compliance, and fuel management. Lytx was founded in 1998 and is based in San Diego, California. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1968 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 297 of 361 |
| Sector (Information Technology) | 30 of 36 |
| Type (Secondary Buyout) | 45 of 67 |
| State (Utah) | 5 of 6 |
| Country (United States) | 228 of 262 |
| Year (2019) | 13 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-16 |
Radixx International
Orlando, Florida, United States Radixx International, Inc. is a provider of travel distribution and passenger service system software for airline reservations, distribution and merchandising. Radixx offers a cloud-based SaaS Passenger Service System (PSS) designed to help airlines increase profitability and maximize productivity through expanded distribution of products and services. Radixx International, Inc. was founded in 1993 and is based in Orlando, Florida. |
Sell | $110M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-19 |
Kiwoko
Madrid, Spain Kiwoko is an integrated pet care specialist in Spain and Portugal with a growing network of over 125 specialized pet stores, 75 veterinary clinics, and eight veterinary hospitals. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2020 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Focused |
Crosspoint Capital Partners is a private equity firm focused on the cybersecurity, privacy and infrastructure software markets. The Firm will consider minority to full control investment situations and generally seeks businesses throughout the US. Crosspoint Capital Partners has offices in Menlo Park, California and Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 7 |
| Sector (Information Technology) | 1 of 6 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Utah) | 1 of 1 |
| Country (United States) | 1 of 5 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-06 |
ForeScout
San Jose, California, United States ForeScout is a cybersecurity company focused on device visibility and control. ForeScout delivers device visibility and control to enable enterprises and government agencies to gain complete situational awareness of their environment and orchestrate action. ForeScout Technologies was founded in 2000 and is based in San Jose, California. |
Buy | $1.9B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 45 of 73 |
| Sector (Information Technology) | 11 of 19 |
| Type (Secondary Buyout) | 14 of 21 |
| State (Utah) | 2 of 2 |
| Country (United States) | 44 of 68 |
| Year (2019) | 5 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-14 |
Sophos
Abingdon, United Kingdom Sophos is a provider of information technology security and data protection solutions. Sophos' cloud-native and AI-enhanced solutions secure endpoints (laptops, servers and mobile devices) and networks against evolving cybercriminal tactics and techniques, including automated and active-adversary breaches, ransomware, malware, exploits, data exfiltration, phishing, and more. Sophos was founded in 1985 and is based in Abingdon, United Kingdom. |
Buy | $3.9B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-30 |
Continuum Managed Services
Boston, Massachusetts, United States Continuum Managed Services LLC is a managed IT service providers, giving them the technology platform, services and processes they need to simplify IT management and deliver exceptional service to their small and medium-sized clients. Continuum Managed Services LLC was established in 2011 and is headquartered in Boston, Massachusetts. |
Sell | - |
