M&A Deal Summary |
|
|---|---|
| Date | 2007-03-23 |
| Target | UKG |
| Sector | Internet Software and Services |
| Buyer(s) |
Hellman & Friedman
JMI Equity The Blackstone Group GIC Lead Edge Capital |
| Deal Type | Going Private |
| Deal Value | 1.8B USD |
| Advisor(s) | Wilmer Cutler Pickering Hale and Dorr LLP (Legal) |
SEARCH BY
Try For Free 7-Day Free Trial
| 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 | 29 of 87 |
| Sector (Internet Software and Services) | 2 of 10 |
| Type (Going Private) | 4 of 17 |
| State (Massachusetts) | 2 of 5 |
| Country (United States) | 22 of 60 |
| Year (2007) | 1 of 5 |
| Size (of disclosed) | 20 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-01 |
Arch Capital
Pembroke, Bermuda Arch Capital is a publicly traded reinsurance and insurance company based in Bermuda. The proceeds of this financing were used to launch a major underwriting initiative to meet current and future demand in the global insurance marketplace. H&F was attracted to this investment because of the unique combination of the attractive market opportunity, the world-class underwriting team and our ability to create a clean insurance platform based in Bermuda. Hellman & Friedman had previously partnered with Bob Clements to found Mid Ocean Reinsurance in 1992 following Hurricane Andrew. Arch Capital was founded in 1995 and is based in Pembroke, Bermuda. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-03-28 |
Mitchell
San Diego, California, United States Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California. |
Sell | $500M |
| 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 | 42 of 125 |
| Sector (Internet Software and Services) | 5 of 40 |
| Type (Going Private) | 4 of 7 |
| State (Massachusetts) | 6 of 10 |
| Country (United States) | 38 of 109 |
| Year (2007) | 2 of 5 |
| Size (of disclosed) | 3 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-10 |
Nimsoft
Campbell, California, United States Nimsoft is a provider of IT performance and availability monitoring solutions. Nimsoft is the premier provider of business-focused service level management solutions that customers can easily deploy and use. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-03-28 |
Mitchell
San Diego, California, United States Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California. |
Sell | $500M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 110 of 319 |
| Sector (Internet Software and Services) | 4 of 21 |
| Type (Going Private) | 7 of 32 |
| State (Massachusetts) | 3 of 8 |
| Country (United States) | 77 of 201 |
| Year (2007) | 4 of 13 |
| Size (of disclosed) | 62 of 167 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-03-22 |
RGIS
Auburn Hills, Michigan, United States RGIS is a provider of inventory counting and related services for retailers, including the supermarket, general merchandise, apparel, home improvement, and drug store segments. RGIS was founded in 1958 and is based in Auburn Hills, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-04-18 |
Extended Stay America
Charlotte, North Carolina, United States Extended Stay America is an operator of moderate-price extended-stay hotels in North America, with 600+ hotels and approximately 76,000 rooms located in 44 states and Canada. The Company currently operates under five brands in the extended-stay segment: Extended Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPlus and Crossland. Extended Stay America is headquartered in Charlotte, North Carolina. |
Sell | $8.0B |
GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 38 |
| Sector (Internet Software and Services) | 1 of 4 |
| Type (Going Private) | 1 of 4 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 1 of 13 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 10 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-31 |
Fleet Partners Pty
Richmond, Australia Fleet Partners Pty Ltd. is a provider of passenger and commercial vehicle fleet management services in Australia and New Zealand. FleetPartners provides fully maintained and funded operating leases to its customers and typically takes on the residual value risk of the vehicle. It also provides a range of novated and finance leases and other niche products depending on the needs of its customers. Fleet Partners was established in 2006 and is based in Richmond, Australia. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2009 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Focused |
Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $10 to $200 million. Lead Edge Capital was established in 2009 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 45 |
| Sector (Internet Software and Services) | 1 of 21 |
| Type (Going Private) | 1 of 1 |
| State (Massachusetts) | 1 of 4 |
| Country (United States) | 1 of 37 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-08-11 |
Alibaba Group Holding
Hangzhou, China Alibaba Group Holding is a group of Chinese e-commerce businesses including Alibaba.com, Taobao and Alipay. Alibaba Group Holding was founded in 1999 and is based in Hangzhou, China. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-10-13 |
Red Ventures
Fort Mill, South Carolina, United States Red Ventures acquires customers for the world’s leading brands. Merging online marketing and sales with proprietary optimization technologies, Red Ventures generates new customers in large volumes for the top brands in home and business services. Red Ventures is only paid for results, offering its partners unparalleled market reach with limited exposure. Red Ventures was founded in 2000 and is based in Fort Mill, South Carolina. |
Buy | - |
