M&A Deal Summary |
|
|---|---|
| Date | 2018-07-09 |
| Target | Sportradar |
| Sector | Information Services |
| Buyer(s) |
TCV
AFV Partners CPP Investments |
| Sellers(s) | EQT |
| Deal Type | Secondary Buyout |
| Deal Value | 2.4B USD |
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Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $30 and $300 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 74 of 81 |
| Sector (Information Services) | 2 of 2 |
| Type (Secondary Buyout) | 3 of 5 |
| Country (Switzerland) | 1 of 1 |
| Year (2018) | 2 of 2 |
| Size (of disclosed) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-25 |
AppNexus
New York, New York, United States AppNexus, Inc. is an advertising marketplace and provides enterprise products for digital advertising – serving publishers, agencies and marketers. AppNexus, Inc. was founded in 2007 and is based in New York City. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-29 |
eharmony
Los Angeles, California, United States eharmony is a pioneer in using algorithms to create highly compatible relationships based on key dimensions of personality that predict the most compatible, highly successful, long-term relationships. eharmony operates in the United States, Canada, the United Kingdom and Australia. |
Sell | - |
AFV Partners is a family-backed, opportunistic investment firm focused on partnering with growth-minded, 'sustainable' companies. The Firm has a special interest in mission-critical, founder-led software, data, and cybersecurity businesses. AFV Partners was formed in 2019 and is based in Argyle, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 7 |
| Sector (Information Services) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 2 |
| Country (Switzerland) | 1 of 1 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-14 |
Aircraft Performance Group
Castle Rock, Colorado, United States Aircraft Performance Group is a provider of proprietary flight operations software solutions into the aftermarket of the aerospace industry. APG operates a software as a service business model focused on the corporate and business aviation segment of the aerospace industry. APG has recently integrated its market-leading aircraft performance software solutions, including runway analysis and weight and balance services, with flight planning services into a new software offering and mobile app, iPreFlight GenesisTM. Aircraft Performance Group was founded in 1999 and is based in Castle Rock, Colorado. |
Buy | - |
CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 27 of 47 |
| Sector (Information Services) | 2 of 2 |
| Type (Secondary Buyout) | 6 of 9 |
| Country (Switzerland) | 2 of 2 |
| Year (2018) | 4 of 4 |
| Size (of disclosed) | 14 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-08 |
Ant Financial Services Group
Hangzhou, China Ant Financial Services Group is focused on serving small and micro enterprises, as well as consumers. Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Ant Fortune, Zhima Credit and MYbank. Ant Financial Services Group was founded in 2004 and is based in Hangzhou, China. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-03-25 |
Inmarsat
London, United Kingdom Inmarsat is a global mobile satellite communications provider that owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band, and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long-established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end-to-end customer service assurance. The company has an unrivalled track record of operating reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety and operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat was formed in 1979 and is based in London. |
Buy | $3.4B |
| 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 | 109 of 175 |
| Sector (Information Services) | 2 of 3 |
| Type (Secondary Buyout) | 31 of 55 |
| Country (Switzerland) | 4 of 5 |
| Year (2018) | 8 of 11 |
| Size (of disclosed) | 8 of 41 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-09 |
Banking Circle
Luxembourg, Luxembourg Banking Circle is a next-generation provider of mission-critical infrastructure for cross-border payment processing, offering reduced complexity, time, and cost. The company uses direct clearing access through blue-chip partner banks to serve the fast-growing online payment processing provider market. Banking Circle was founded in 2013 and is based in Luxembourg. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-23 |
Saur
Issy-les-Moulineaux, France Saur is a drinking and wastewater management company focused on small/mid-sized cities across France. The company is also active internationally, particularly in Iberia, Saudi Arabia, and Poland. Saur was founded in 1933 and is based in Issy-les-Moulineaux, France. |
Buy | - |
