M&A Deal Summary

KKR Acquires Optiv

On December 6, 2016, private equity firm KKR acquired information technology company Optiv from Sverica and The Blackstone Group

Acquisition Highlights
  • This is KKR’s 8th transaction in the Information Technology sector.
  • This is KKR’s 89th transaction in the United States.
  • This is KKR’s 3rd transaction in Colorado.

M&A Deal Summary
Date 2016-12-06
Target Optiv
Sector Information Technology
Buyer(s) KKR
Sellers(s) Sverica
The Blackstone Group
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Optiv

Denver, Colorado, United States
website
Optiv is a provider of end-to-end cybersecurity solutions. The company help clients plan, build and run successful cybersecurity programs that achieve business objectives through depth and breadth of cybersecurity offerings, extensive capabilities and proven expertise in cybersecurity strategy, managed security services, incident response, risk and compliance, security consulting, training, and support, integration, and architecture services, and security technology. Optiv was founded in 2002 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 215 of 428
Sector (Information Technology) 8 of 24
Type (Secondary Buyout) 43 of 102
State (Colorado) 3 of 8
Country (United States) 89 of 189
Year (2016) 23 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Calisen

Manchester, United Kingdom

Calisen is an owner and manager of essential energy infrastructure assets. Calisen is based in Manchester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Apple Leisure Group

Newtown Square, Pennsylvania, United States

Apple Leisure Group is a vertically integrated travel and hospitality company focused on packaged travel and resort/brand management in Mexico and the Caribbean. Apple Leisure Group was founded in 1969 and is based in Newtown Square, Pennsylvania.

Buy -

Seller(S) 2

SELLER

Sverica

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2001
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $150 million. Sverica looks to commit $15 to $50 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.

DEAL STATS #
Overall 14 of 26
Sector (Information Technology) 2 of 6
Type (Secondary Buyout) 4 of 9
State (Colorado) 1 of 1
Country (United States) 13 of 22
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 Inpatient Medical Services

Fairlawn, Ohio, United States

Inpatient Medical Services, Inc. is a provider of outsourced hospitalist and post-acute care physician programs to acute care facilities and skilled nursing facilities in Ohio, Indiana and Kentucky. IMS serves over 150,000 patients annually and has built a premier reputation with community physicians who rely on IMS as its inpatient service partner. The Company’s quality and value proposition is validated by its long-term relationship with some of the top healthcare systems in the region and nationally.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 Sheet Music Plus

Emeryville, California, United States

Sheet Music Plus LLC is an online retailer of sheet music. Its offers shoppers over 400,000 products – typically songbooks, scores, and instructional books.

Sell -
SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 108 of 170
Sector (Information Technology) 4 of 11
Type (Secondary Buyout) 13 of 20
State (Colorado) 5 of 7
Country (United States) 69 of 102
Year (2016) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Team Health

Knoxville, Tennessee, United States

Team Health is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Team Health was formed in 1979 and is based in Knoxville, Tennessee.

Buy $6.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 Cerdia

Basel, Switzerland

Cerdia is a global producer of cellulose acetate, mainly used for cigarette filters. The company is globally the fourth largest producer of filter tow and is, above all, the market leader in which its global production facilities are located. Cerdia is headquartered in Basel, Switzerland.

Buy €1.0B
Mergr

Product

Company

Legal