M&A Deal Summary

Vector Capital Acquires Leap Event Technology

On September 24, 2020, private equity firm Vector Capital acquired software company Leap Event Technology from Providence Equity Partners

Acquisition Highlights
  • This is Vector Capital’s 13th transaction in the Software sector.
  • This is Vector Capital’s 32nd transaction in the United States.
  • This is Vector Capital’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-09-24
Target Leap Event Technology
Sector Software
Buyer(s) Vector Capital
Sellers(s) Providence Equity Partners
Deal Type Secondary Buyout

Target

Leap Event Technology

Wexford, Pennsylvania, United States
website
Leap Event Technology is a provider of technology solutions for arts and culture organizations. Leap Event Technology’s mission is to revolutionize the ticketing industry by providing arts, culture, and live entertainment organizations with integrated world-class customer relationship management, box office ticketing, fundraising, and marketing solutions. Patron Technology was founded in 2001 and is based in Wexford, Pennsylvania.

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Buyer(S) 1

Buyer

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.

DEAL STATS #
Overall 40 of 48
Sector (Software) 13 of 16
Type (Secondary Buyout) 6 of 9
State (Pennsylvania) 1 of 1
Country (United States) 32 of 40
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-01 Travelex

London, United Kingdom

Travelex is a specialist provider of foreign exchange and international business payments. The Group processes £20 billion of foreign exchange transactions every year. The Group’s consumer focused operations provide cash and pre-paid cards to over 30 million retail customers each year through a network of close to 1,000 stores and over 500 ATMs spread across 24 countries. Travelex was founded in 1976 and is based in London, United Kingdom

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Emarsys eMarketing Systems AG

Vienna, Austria

Emarsys eMarketing Systems AG is a provider of cloud marketing software for B2C companies. Emarsys SaaS platform provides predictive and prescriptive analytics, customer intelligence, and B2C marketing automation for B2C companies – including e-commerce, internet, retail, and travel. Emarsys eMarketing Systems was founded in 2000 and is based in Vienna, Austria.

Sell -

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 84 of 98
Sector (Software) 5 of 9
Type (Secondary Buyout) 24 of 29
State (Pennsylvania) 3 of 4
Country (United States) 56 of 67
Year (2020) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 ZeniMax Media

Rockville, Maryland, United States

ZeniMax Media is a media organization headquartered outside Washington DC with international publishing offices around the globe. Through its subsidiaries, ZeniMax Media creates and publishes original interactive entertainment content for consoles, PCs, and handheld/wireless devices. ZeniMax Media divisions include Bethesda Softworks, Bethesda Game Studios, id Software, Arkane Studios, Tango Gameworks, MachineGames, ZeniMax Online Studios, Alpha Dog Games, Roundhouse Studios, ZeniMax Europe Ltd., ZeniMax Asia K.K., ZeniMax Asia Pacific Limited, and ZeniMax Australia Pty Ltd.

Sell $7.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Topgolf

Dallas, Texas, United States

Topgolf is a global sports entertainment company offering competitive golfing games for all ages and skill levels and advanced technology to track the accuracy and distance of players shots. Topgolf was founded in 2000 and is based in Dallas, Texas.

Sell $2.0B
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