M&A Deal Summary

Platinum Equity Acquires Cision

On October 22, 2019, private equity firm Platinum Equity acquired software company Cision for 2.7B USD

Acquisition Highlights
  • This is Platinum Equity’s 2nd transaction in the Software sector.
  • This is Platinum Equity’s 7th largest (disclosed) transaction.
  • This is Platinum Equity’s 84th transaction in the United States.
  • This is Platinum Equity’s 5th transaction in Illinois.

M&A Deal Summary
Date 2019-10-22
Target Cision
Sector Software
Buyer(s) Platinum Equity
Deal Type Going Private
Deal Value 2.7B USD
Advisor(s) Rothschild Global Advisory
Centerview Partners
Deutsche Bank Corporate & Investment Banking (Financial)
Kirkland & Ellis (Legal)

Target

Cision

Chicago, Illinois, United States
website
Cision is a provider of PR software and services including content marketing, media monitoring, media list building, distribution and analysis. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision was founded in 2014 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 104 of 141
Sector (Software) 2 of 2
Type (Going Private) 11 of 11
State (Illinois) 5 of 6
Country (United States) 84 of 112
Year (2019) 7 of 9
Size (of disclosed) 7 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 TruckPro

Cordova, Tennessee, United States

TruckPro is an independent distributor of heavy-duty aftermarket truck parts and accessories in the U.S. TruckPro distributes a full range of products that cover maintenance and repair events for substantially all major OEMs of heavy-duty vehicles. TruckPro sells its products to over 35,000 customers in numerous end markets, including small, regional and national trucking companies; private fleets; waste services companies; construction companies; municipalities and independent repair shops. TruckPro, Inc. was founded in 1958 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 De Wave Group

Genova, Italy

De Wave Group is a marine contractor that specializes in cruise ship interiors, providing both new build and refit services to shipbuilders and cruise operators. De Wave operates five facilities in Italy, Poland, Singapore, and the United States, with vertically integrated production lines that offer full control throughout the product development process.

Buy -
Mergr

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Legal