M&A Deal Summary |
|
|---|---|
| Date | 2021-03-18 |
| Target | WorkWave |
| Sector | Internet Software and Services |
| Buyer(s) |
TA Associates
EQT Serent Capital |
| Sellers(s) | IFS |
| Deal Type | Divestiture |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Private Equity Firm |
|---|---|
| Founded | 1968 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 322 of 361 |
| Sector (Internet Software and Services) | 23 of 24 |
| Type (Divestiture) | 9 of 9 |
| State (New Jersey) | 8 of 9 |
| Country (United States) | 240 of 262 |
| Year (2021) | 10 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-17 |
StorageCraft
Draper, Utah, United States StorageCraft provides backup, disaster recovery, system migration, virtualization and data protection solutions for servers, desktops and laptops on Windows and Linux platforms. The company’s integrated product suite is designed to reduce downtime, improve management and stability of systems and data, and lower the total cost of system ownership in both physical and virtual environments. StorageCraft was founded in 2003 and is based in Draper, Utah. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-22 |
Unit4
Sliedrecht, Netherlands Unit4 is a global cloud-focused business software company aimed at helping dynamic public sector and commercial services organizations to embrace change simply, quickly and cost effectively in a market sector it calls 'Businesses Living IN Change' (BLINC)™. UNIT4 incorporates a number of the world’s leading change embracing software brands including Agresso, the flagship ERP suite for mid-sized services intensive organizations; Coda, the best-of-class financial management software; and FinancialForce.com, the cloud applications company formed with investment from Salesforce.com. Unit4 was founded in 1980 and is based in Sliedrecht, Netherlands. |
Buy | $2.0B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 50.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.
| DEAL STATS | # |
|---|---|
| Overall | 244 of 287 |
| Sector (Internet Software and Services) | 10 of 18 |
| Type (Divestiture) | 44 of 48 |
| State (New Jersey) | 3 of 5 |
| Country (United States) | 35 of 52 |
| Year (2021) | 7 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-18 |
Desotec
Roeselare, Belgium Desotec is an environmental service company focusing on mobile purification solutions mainly based on activated carbon technology. Desotec was founded in 1990 and is based in Roeselare, Belgium. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-30 |
Cerba HealthCare
Issy-les-Moulineaux, France Cerba HealthCare is an operator of clinical pathology laboratories, with a number one position in France and strong market positions in Belgium and Luxembourg. The majority of Cerba's revenues are generated via routine lab tests. Cerba HealthCare was founded in 1967 and is based in Issy-les-Moulineaux, France. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 1.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 51 of 67 |
| Sector (Internet Software and Services) | 9 of 13 |
| Type (Divestiture) | 3 of 3 |
| State (New Jersey) | 1 of 2 |
| Country (United States) | 47 of 63 |
| Year (2021) | 4 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-24 |
CoConstruct
Charlottesville, Virginia, United States CoConstruct is a provider of cloud-based project management tools help independent builders and remodelers coordinate their projects, communicate better with clients & crews, and control the financials of their jobs. CoConstruct was founded in 2005 and is based in Charlottesville, Virginia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-24 |
BQE
Torrance, California, United States BQE develops innovative business management solutions for professional services firms. Its flagship product, BQE Core, is a native cloud-based solution that centralizes and streamlines the way firms enter and use data for time tracking, billing, project management, and accounting. BQE Core gives them the speed and insight necessary to rapidly make informed decisions, increase productivity, and grow profits. BQE was founded in 1995 and is based in Torrance, California. |
Buy | - |
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers—at the Moment of Service™. IFS was founded in 1983 and is based in Linköping, Sweden.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-02 |
Clevest Solutions
Richmond, British Columbia, Canada Clevest Solutions, Inc. provides workforce automation software that connects the mobile workforce to office operations. Clevest Solutions is based in Richmond, British Columbia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-22 |
Axios Systems
Edinburgh, United Kingdom Axios Systems is a provider of cloud-based Enterprise Service Management (ESM) software. Axios Systems is based in Edinburgh, United Kingdom. |
Buy | - |
