M&A Deal Summary

Apax Acquires Cartesis SA

On December 23, 2003, private equity firm Apax acquired software company Cartesis SA from PricewaterhouseCoopers International

Acquisition Highlights
  • This is Apax’s 3rd transaction in the Software sector.
  • This is Apax’s 6th transaction in France.
Investment Fate
  • Cartesis SA was sold to a strategic buyer in 2007.

M&A Deal Summary

Date 2003-12-23
Target Cartesis SA
Sector Software
Buyer(s) Apax
Sellers(s) PricewaterhouseCoopers International
Deal Type Divestiture

Target

Cartesis SA

Paris, France
Cartesis is a global software vendor that provides trusted solutions for driving your company's financial and business performance. Cartesis equips its customers with the control and insight they need to assess and react in today's rapidly changing marketplace. One in five Fortune Global 100 companies rely on Cartesis' powerful technology to unify complex information, people and processes in a single data model that can be applied easily and consistently across multiple geographies and business segments. Cartesis' customers success depends on having meaningful insight to act upon, because great performances start with confidence.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 45 of 266
Sector: Software M&A 3 of 27
Type: Divestiture M&A Deals 6 of 28
Country: France M&A 6 of 18
Year: 2003 M&A 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-01 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 €1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 DuPont Innovalight

Sunnyvale, California, United States

DuPont Innovalight engages in manufacturing and selling silicon ink. DuPont Innovalight is based in Sunnyvale, California.

Buy -

Seller(S) 1

SELLER

PricewaterhouseCoopers International

London, United Kingdom

Category Company
Sector Business Services
DESCRIPTION
PWC office building in Katowice, Poland.
PWC office building in Katowice, Poland.

PricewaterhouseCoopers International Limited (PwC) is an international provider of accounting and consulting services. Client offerings include auditing, crisis management, human resources, performance improvement, compliance, transaction and taxation. PwC is based in London with additional offices worldwide.


DEAL STATS #
Overall 3 of 13
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 3 of 13
Country: France M&A 1 of 1
Year: 2003 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-01 Saratoga Institute

United States

Saratoga Institute, Inc. is a provider of HR metrics and workforce measurement and employee engagement solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-08 New Dimension Solutions

Harrison, New York, United States

New Dimension Solutions, Inc. is a EAM System Integrator.

Buy -