M&A Deal Summary |
|
|---|---|
| Date | 2010-07-12 |
| Target | Cobalt Group |
| Sector | Information Technology |
| Buyer(s) | ADP |
| Sellers(s) |
ABS Capital Partners
Warburg Pincus First Analysis |
| Deal Type | Add-on Acquisition |
| Deal Value | 400M USD |
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| Category | Company |
|---|---|
| Founded | 1949 |
| Sector | Business Services |
| Employees | 60,000 |
| Revenue | 16.0B USD (2022) |
ADP is a provider of business outsourcing solutions. ADP offers a wide range of human resource (HR), payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment retailers and manufacturers throughout the world. ADP was incorporated in 1949 and is based in Roseland, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 24 |
| Sector (Information Technology) | 3 of 8 |
| Type (Add-on Acquisition) | 6 of 21 |
| State (Washington) | 1 of 1 |
| Country (United States) | 5 of 18 |
| Year (2010) | 2 of 5 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-01-20 |
DO2 Technologies
Calgary, Alberta, Canada DO2 Technologies, Inc. is a provider of electronic-invoicing solutions. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-01 |
Workscape
Marlborough, Massachusetts, United States Workscape is a provider of business-critical HR solutions that enable hundreds of organizations to manage their two largest workforce expenditures: employee benefits and performance-driven compensation. Both offerings share a common technology platform, can be readily integrated with existing IT investments, serve millions of employees, and are scalable and configurable to meet the distinct requirements of organizations ranging from 2,000 to 400,000 employees. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1990 |
| PE ASSETS | 2.5B USD |
| Size | Large |
| Type | Sector Agnostic |
ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $30 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 40 of 70 |
| Sector (Information Technology) | 4 of 12 |
| Type (Add-on Acquisition) | 15 of 34 |
| State (Washington) | 2 of 2 |
| Country (United States) | 40 of 69 |
| Year (2010) | 2 of 3 |
| Size (of disclosed) | 4 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-01-29 |
INTTRA
Parsippany, New Jersey, United States INTTRA, Inc. is a cloud-based provider of networked supply chain solutions, featuring a complete portfolio of applications that enable the world’s most complex supply chains to better plan, collaborate, and execute their end-to-end operations. More than 70,000 partner companies and 200,000 users, many of the biggest brands and manufacturers across a range of industries, use the E2open network and platform to orchestrate their supply chains, creating efficiencies measured in the billions. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-20 |
Skinit
San Diego, California, United States Skinit, Inc. is an On-Demand Personalization Technology including the manufacturing and distribution of customized products for electronic devices. Skinit's online ordering and customization tools allow consumers to create branded, designed and personalized electronic device covers, or skins, using high quality 3M products. Skinit also offers B2B On-Demand Personalization Platforms as complete turn-key or stand-alone hosted software and service solutions which drive manufacturing technologies such as laser etching, paint on-demand, digital print, film conversion and others. Located in San Diego, Calif. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 53 of 249 |
| Sector (Information Technology) | 3 of 12 |
| Type (Add-on Acquisition) | 19 of 90 |
| State (Washington) | 2 of 5 |
| Country (United States) | 33 of 136 |
| Year (2010) | 4 of 6 |
| Size (of disclosed) | 43 of 63 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-09 |
A Place for Mom
Seattle, Washington, United States A Place for Mom is North America’s senior services network providing families with resources and personalized assistance in finding senior living options. A Place for Mom was founded in 2000 and is based in Seattle, Washington. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-02 |
SCM Insurance Services
Edmonton, Alberta, Canada SCM Insurance Services is a provider of claims adjusting, third-party adjusting (TPA), risk management, investigative, surveillance, risk mitigation, medical services, forensic engineering services, and risk intelligence. SCM Insurance Services was formed in 1986 and is based in Edmonton, Alberta. |
Buy | - |
| Category | Venture Capital Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 800M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 40 of 71 |
| Sector (Information Technology) | 9 of 13 |
| Type (Add-on Acquisition) | 30 of 51 |
| State (Washington) | 3 of 3 |
| Country (United States) | 40 of 70 |
| Year (2010) | 3 of 7 |
| Size (of disclosed) | 7 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-07 |
Wimba
New York City, New York, United States Wimba is a provider of collaborative software applications to the education industry, including both communication enabling tools and content authoring programs. Clients consist primarily of universities, colleges and post secondary educational providers. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-14 |
FirstComp
Omaha, Nebraska, United States FirstComp is a carrier of workers compensation policies for small businesses. Since its launch in 1997, FirstComp has built out a network of more than 7,500 agents in small towns and rural areas that are not otherwise targeted by workers compensation carriers. |
Sell | $135M |
