M&A Deal Summary |
|
|---|---|
| Date | 2020-11-10 |
| Target | Planview |
| Sector | Software |
| Buyer(s) |
TPG
TA Associates HarbourVest Partners |
| Sellers(s) | Thoma Bravo |
| Deal Type | Secondary Buyout |
| Deal Value | 1.6B USD |
| Advisor(s) | J.P. Morgan Securities DBO Partners LLC (Financial) Kirkland & Ellis (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 364 of 401 |
| Sector (Software) | 27 of 33 |
| Type (Secondary Buyout) | 50 of 63 |
| State (Texas) | 31 of 35 |
| Country (United States) | 237 of 269 |
| Year (2020) | 11 of 11 |
| Size (of disclosed) | 45 of 100 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-09 |
Viking Cruises
Woodland Hills, California, United States Viking Cruises offers destination-focused journeys on rivers, oceans, and lakes around the world. Designed for experienced travelers with interests in science, history, culture, and cuisine. Viking Cruises was founded in 1997 and is based in Woodland Hills, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-11 |
Expanse
San Francisco, California, United States Expanse is the first automated global Internet intelligence company. Expanse indexes every device on the public Internet every hour to provide comprehensive information about an organization’s Internet-facing risks. Expanse was founded in 2012 and is based in San Francisco, California. |
Sell | $670M |
| 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 | 308 of 360 |
| Sector (Software) | 66 of 85 |
| Type (Secondary Buyout) | 49 of 67 |
| State (Texas) | 26 of 28 |
| Country (United States) | 232 of 261 |
| Year (2020) | 12 of 15 |
| Size (of disclosed) | 3 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-05 |
Priority Software
Rosh Haayin, Israel Priority Software is a fully-integrated, comprehensive ERP software solution serving a wide spectrum of industries and organizations, including multi-national and multi-lingual corporations. Its main modules include: finance, manufacturing, logistics, human resources, time and attendance, payroll, business intelligence, project management and customer service and support. Priority Software was founded in 1986 and is based in Rosh Haayin, Israel. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-16 |
Thinkproject
München, Germany Thinkproject is a provider of cross-enterprise collaboration and workflow software to the construction and engineering industries. Thinkproject was established in 2000 and is headquartered in München, Germany. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 209 of 223 |
| Sector (Software) | 26 of 27 |
| Type (Secondary Buyout) | 51 of 55 |
| State (Texas) | 19 of 21 |
| Country (United States) | 124 of 133 |
| Year (2020) | 9 of 10 |
| Size (of disclosed) | 32 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-12 |
Allegro
Poznan, Poland Allegro is an online marketplace in Poland that connects consumers with merchants. With more than 20 million users per month, 13 million active buyers and 125,000 merchants. Allegro offers consumers a vibrant and expansive shopping experience, and merchants excellent commercial opportunities. The group also operates Ceneo.pl - Poland’s leading online price comparison website, and eBilet – the leading event ticket sales site in Poland. Allegro was founded in 1999 and is based in Poznan, Poland. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-21 |
Signature Foods Belgium
Turnhout, Belgium Signature Foods Belgium is a producer of chilled spreadable salads and convenience food. Signature Foods Belgium was founded in 2006 and is based in Turnhout, Belgium. |
Buy | - |
| 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 | 52 of 72 |
| Sector (Software) | 23 of 32 |
| Type (Secondary Buyout) | 16 of 21 |
| State (Texas) | 8 of 10 |
| Country (United States) | 50 of 67 |
| Year (2020) | 5 of 5 |
| Size (of disclosed) | 11 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-13 |
MedeAnalytics
Richardson, Texas, United States MedeAnalytics provides evidence-based insights to solve a real problem that plagues healthcare – how to use the immense amount of patient data collected along the care continuum to deliver cost-effective care and promote a healthier population. Its analytics platform delivers intelligence that helps healthcare organizations detect their greatest areas of risk and identify opportunities to improve their financial health. It empowers providers and health plans to collaborate and use data to strengthen their operations and improve the quality of care. MedeAnalytics was established in 1994 and is based in Richardson, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-03 |
Flexera
Itasca, Illinois, United States Flexera is a provider of strategic software solutions for application usage management. The Company's solutions help clients deliver continuous compliance optimized usage and maximized value to application producers and their customers. Flexera was founded in 1987 and is based in Itasca, Illinois. |
Buy | $2.9B |
