M&A Deal Summary

Siris Capital Group Acquires EFI

On April 15, 2019, private equity firm Siris Capital Group acquired technology hardware company EFI for 1.7B USD

Acquisition Highlights
  • This is Siris Capital Group’s 2nd transaction in the Technology Hardware sector.
  • This is Siris Capital Group’s 4th largest (disclosed) transaction.
  • This is Siris Capital Group’s 14th transaction in the United States.
  • This is Siris Capital Group’s 4th transaction in California.

M&A Deal Summary
Date 2019-04-15
Target EFI
Sector Technology Hardware
Buyer(s) Siris Capital Group
Deal Type Going Private
Deal Value 1.7B USD
Advisor(s) Morgan Stanley
Greenhill & Co., Inc. (Financial)
O'Melveny & Myers (Legal)

Target

EFI

Fremont, California, United States
website
Entrance to Electronics for Imaging's corporate headquarters in Fremont, California.
Entrance to Electronics for Imaging's corporate headquarters in Fremont, California.
EFI is a provider of digital printing solutions. EFI's products include industrial super-wide and wide format, label and packaging, textile, and ceramic tile decoration digital inkjet printers. EFI's products are designed to automate print and business processes, streamline workflow, provide value-added services, and produce accurate digital output. EFI was formed in 1988 and is based in Fremont, California.

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Buyer(S) 1

Buyer

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2011
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $250 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.

DEAL STATS #
Overall 15 of 18
Sector (Technology Hardware) 2 of 2
Type (Going Private) 9 of 9
State (California) 4 of 5
Country (United States) 14 of 17
Year (2019) 1 of 2
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Travelport

Langley, United Kingdom

Travelport is a developer of a travel commerce platform to provide distribution, technology, payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace. Travelport was founded in 2006 and is based in Langley, England.

Buy $4.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 TPx Communications

Los Angeles, California, United States

TPx Communications is a provider of UCaaS, Managed IT services and Managed Connectivity services, with approximately 30,000 customers and 53,000 customer locations across the U.S. TPx local exchange carrier that delivers local, long-distance, broadband Internet, web hosting, co-location, cloud-based and data transport services to business customers in California, Nevada and Texas. TPx Communications was established in 1998 and is based in Los Angeles, California.

Buy -
Mergr

Product

Company

Legal