M&A Deal Summary |
|
|---|---|
| Date | 2018-05-21 |
| Target | Magento |
| Sector | Internet Software and Services |
| Buyer(s) | Adobe |
| Sellers(s) |
Sterling Partners Private Equity
Permira Banneker Partners Hillhouse |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.7B USD |
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Adobe is a diversified software company that offers a line of products and services used by creative professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with content and experiences across multiple operating systems, devices and media. Adobe markets and licenses products and services directly to enterprise customers through a sales force and to end users through app stores and its own website. Adobe offers many products via a Software-as-a-Service model or a managed services model as well as through term subscription and pay-per-use models. The Company also distributes certain products and services through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers, software developers and original equipment manufacturers. In addition, Adobe licenses technology to hardware manufacturers, software developers and service providers for use in their products and solutions. Adobe's products run on personal and server-based computers, as well as on smartphones, tablets and other devices. Adobe has operations in the Americas, Europe, Middle East and Africa, and Asia-Pacific. Adobe was incorporated in 1982 and is based in San Jose, California.
| DEAL STATS | # |
|---|---|
| Overall | 47 of 52 |
| Sector (Internet Software and Services) | 15 of 18 |
| Type (Add-on Acquisition) | 44 of 49 |
| State (California) | 19 of 20 |
| Country (United States) | 37 of 40 |
| Year (2018) | 2 of 3 |
| Size (of disclosed) | 4 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-16 |
Sayspring
New York, New York, United States Sayspring, Inc. is a developer of prototype and build the voice interfaces. Sayspring, Inc. was founded in 2016 and is based in New York city. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-20 |
Marketo
San Mateo, California, United States Marketo, Inc. is a provider of cloud based marketing software platform for companies of all sizes to build and sustain engaging customer relationships. Marketo, Inc. was formed in 2006 and is based in San Mateo, California. |
Buy | $4.8B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 38 of 51 |
| Sector (Internet Software and Services) | 4 of 4 |
| Type (Add-on Acquisition) | 26 of 34 |
| State (California) | 5 of 7 |
| Country (United States) | 37 of 49 |
| Year (2018) | 2 of 3 |
| Size (of disclosed) | 1 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-17 |
Statewide Safety Systems
Irvine, California, United States Statewide Safety Systems is specialized in the design, manufacture, and installation of active and passive traffic control systems that advise motorists, bicyclists, and pedestrians of roadway hazards including interchanges, intersections, and the location of highway-rail grade crossings. Statewide Safety Systems was founded in 1987 and is based in Irvine, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-26 |
Fancy Sprinkles
Pacoima, California, United States Fancy Sprinkles is a luxury confectionery topping company. As a direct-to-consumer company, Fancy Sprinkles focuses on customer relationships through engagement and marketing. It offers a unique, high-quality product, complemented by refined packaging, branding, and overall aesthetic. Fancy Sprinkles is based in Pacoima, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 75.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.
| DEAL STATS | # |
|---|---|
| Overall | 65 of 89 |
| Sector (Internet Software and Services) | 2 of 4 |
| Type (Add-on Acquisition) | 24 of 30 |
| State (California) | 1 of 3 |
| Country (United States) | 8 of 19 |
| Year (2018) | 1 of 4 |
| Size (of disclosed) | 17 of 37 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-09 |
Corin Group
Cirencester, United Kingdom Corin Group is an international orthopaedic company with a direct presence in a majority of the world’s orthopaedic markets. Corin’s vision is to revolutionize orthopaedics by gaining, understanding and sharing insight at every stage of the arthroplasty experience. The unique combination of shared knowledge and clinically-proven implants delivers better outcomes and maximises healthcare value for patients, surgeons and healthcare providers. Corin Group was founded in 1985 and is based in Cirencester, England. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-29 |
Metalogix Software
Washington, District of Columbia, United States Metalogix Software Corp. is a provider of content infrastructure management software to transform collaboration platforms, increase knowledge sharing, and improve the use and performance of enterprise content management platforms. Metalogix Software Corp. was founded in 2001 and is based in Washington, District of Columbia. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| Size | Small |
| Type | Sector Focused |
Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 3 |
| State (California) | 1 of 2 |
| Country (United States) | 1 of 4 |
| Year (2018) | 1 of 2 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-01 |
Ancestry
Provo, Utah, United States Ancestry.com is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, Utah. |
Buy | $2.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-01 |
Routeware
Portland, Oregon, United States Routeware is a provider of software used by the waste management industry to dispatch real-time work orders to vehicles, track route progress, analyze route performance, and provides real-time information for supervisors and customer service agents. Routeware was founded in 1999 and is based in Portland, Oregon. |
Buy | - |
Hillhouse Capital Management is a private investment firm focused on opportunities throughout Asia. The Firm will invest at all company stages, including seed investments, buyouts, and listed equities. Areas of interest include consumer and health. Hillhouse Capital Management is based in Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-28 |
Belle International
Shenzhen City, China Belle International is a large-scale fashion and sports industry group. Its business covers three major businesses: footwear, sports and apparel. Belle International was founded in 1992 and is based in Shenzhen City, China. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-01 |
Little Freddie
London, United Kingdom Little Freddie provides safe food options for children, on and offline. Little Freddie was founded in 2014 and is based in London, United Kingdom. |
Buy | - |
