M&A Deal Summary |
|
|---|---|
| Date | 2014-01-24 |
| Target | Applied Systems |
| Sector | Internet Software and Services |
| Buyer(s) |
Hellman & Friedman
JMI Equity Stone Point Capital CapitalG |
| Sellers(s) |
Bain Capital Private Equity
The Carlyle Group |
| Deal Type | Secondary Buyout |
| Deal Value | 1.8B USD |
| Advisor(s) | Ropes & Gray Simpson Thacher & Bartlett (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 50.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 58 of 87 |
| Sector (Internet Software and Services) | 6 of 10 |
| Type (Secondary Buyout) | 14 of 25 |
| State (Illinois) | 4 of 6 |
| Country (United States) | 40 of 60 |
| Year (2014) | 1 of 4 |
| Size (of disclosed) | 20 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-24 |
Scout24
Munich, Germany Scout24 is a proivder of online market places. The six marketplaces of the Scout24 Group - ImmobilienScout24, AutoScout24, FriendScout24, FinanceScout24, JobScout24 and TravelScout24 - are present in 22 countries As a strong partner, Scout supports its customers in important decisions, in particular in the fields of housing, mobility, partnership and finance. Scout24 was founded in 1998 and is based in Munich, Germany. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-27 |
Sedgwick
Memphis, Tennessee, United States Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee. |
Sell | $2.4B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 7.5B USD |
| Size | Mega |
| Type | Sector Focused |
JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.
| DEAL STATS | # |
|---|---|
| Overall | 72 of 125 |
| Sector (Internet Software and Services) | 15 of 40 |
| Type (Secondary Buyout) | 4 of 8 |
| State (Illinois) | 4 of 5 |
| Country (United States) | 65 of 109 |
| Year (2014) | 2 of 3 |
| Size (of disclosed) | 3 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-08 |
SiriusDecisions
Wilton, Connecticut, United States SiriusDecisions, Inc. is a provider of subscription research and advisory services for sales and marketing executives. SiriusDecisions helps its subscribers understand and better utilize the expanding number of sales and marketing channels through which they engage with their consumers. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-03 |
Businessolver
West Des Moines, Iowa, United States Businessolver is a provider of software as a service (SaaS) employee benefits administration solutions. Businessolver was founded in 1998 and is based in West Des Moines, Iowa. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Focused |
Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 60 of 103 |
| Sector (Internet Software and Services) | 3 of 9 |
| Type (Secondary Buyout) | 5 of 24 |
| State (Illinois) | 3 of 4 |
| Country (United States) | 49 of 90 |
| Year (2014) | 1 of 6 |
| Size (of disclosed) | 6 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-01 |
Hodges-Mace Benefits Group
Atlanta, Georgia, United States Hodges-Mace Benefits Group, Inc. is a provider of employee benefits enrollment and administration services to large corporate clients. Hodges-Mace empowers employees and employers to make smarter benefit decisions through a combination of innovative technologies and proven employee education and enrollment services. Hodges-Mace Benefits Group, Inc. was founded in 2004 and is based in Atlanta, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-27 |
Sedgwick
Memphis, Tennessee, United States Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee. |
Sell | $2.4B |
| Category | Corporate Investor |
|---|---|
| Founded | 2013 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Focused |
CapitalG is the growth equity and direct investment arm of Alphabet, Inc. CapitalG invests in emerging tech-enabled service companies and assists with providing tactical advice across key functional areas such as engineering, product, sales, and marketing. CapitalG was formerly known as Google Capital. The Unit was formed in 2013 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 36 |
| Sector (Internet Software and Services) | 7 of 18 |
| Type (Secondary Buyout) | 1 of 3 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 9 of 31 |
| Year (2014) | 2 of 5 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-01 |
Gusto
San Francisco, California, United States Gusto is on a mission to build a world where work empowers a better life. Gusto reimagines payroll, benefits, HR, and personal finance by streamlining and simplifying the most complicated, impersonal business tasks and making them delightful. Gusto was founded in 2012 and is based in San Francisco, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-02-18 |
Duolingo
Pittsburgh, Pennsylvania, United States Duolingo is a language-learning platform and the most downloaded education app worldwide. Duolingo's mission is to make education free and accessible to all. Duolingo was founded in 2011 and is based in Pittsburgh, Pennsylvania. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 44.2B USD |
| Size | Mega |
| Type | Sector Agnostic |
Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.
| DEAL STATS | # |
|---|---|
| Overall | 57 of 138 |
| Sector (Internet Software and Services) | 1 of 4 |
| Type (Secondary Buyout) | 14 of 29 |
| State (Illinois) | 3 of 3 |
| Country (United States) | 40 of 84 |
| Year (2014) | 2 of 9 |
| Size (of disclosed) | 14 of 44 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-08 |
MedHOK
Tampa, Florida, United States MedHOK, Inc. is a provider of software-as-a-service (SaaS) solutions for health plans offered by insurance companies, health systems and companies that administer drug benefits. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-24 |
Nets
Ballerup, Denmark Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark. |
Buy | kr.17.0B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 376.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 246 of 443 |
| Sector (Internet Software and Services) | 11 of 15 |
| Type (Secondary Buyout) | 45 of 114 |
| State (Illinois) | 8 of 14 |
| Country (United States) | 154 of 250 |
| Year (2014) | 4 of 24 |
| Size (of disclosed) | 20 of 130 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-23 |
J&J Africa
Beira, Mozambique J&J Africa is a transporter and logistics provider specializing in reliable and efficient international transportation along the Beira Corridor. J&J also offers state of the art warehouse facilities for the handling of bulk and container cargo. J&J Africa was established in 1995 and is based in Beira, Mozambique. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-27 |
Lily O Brien s
Kildare, Ireland Lily O’Brien’s is a manufacturer of premium chocolates and desserts sold in 16 countries. Lily O’Brien’s primary focus is premium branded chocolate and it offers a diverse range of chocolate products including gifting, every day, self-treat, and seasonal products. Lily O'Brien's was founded in 1992 and is based in Kildare, Ireland. |
Buy | - |
