M&A Deal Summary

Aptiv Acquires Wind River

On January 11, 2022, Aptiv acquired software company Wind River from TPG for 4.3B USD

Acquisition Highlights
  • This is Aptiv’s 2nd transaction in the Software sector.
  • This is Aptiv’s largest (disclosed) transaction.
  • This is Aptiv’s 6th transaction in the United States.
  • This is Aptiv’s 1st transaction in California.

M&A Deal Summary
Date 2022-01-11
Target Wind River
Sector Software
Buyer(s) Aptiv
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 4.3B USD
Advisor(s) Morgan Stanley (Financial)
Ropes & Gray (Legal)

Target

Wind River

Alameda, California, United States
website
Wind River engages in delivering software for intelligent connected systems, Wind River offers a comprehensive, edge-to-cloud software portfolio designed to address the challenges and opportunities critical infrastructure companies face when evolving and modernizing their systems as they work to realize the full potential of IoT. Wind River was established in 1981 and is based in Alameda, California.

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Buyer(S) 1

Buyer

Aptiv

Dublin, Ireland

website

Category Company
Founded 2011
Sector Automotive
Employees155,000
Revenue 15.6B USD (2021)
DESCRIPTION

Aptiv is a supplier of technologies for the automotive and commercial vehicle markets. England, Delphi operates major technical centers, manufacturing sites and customer support services in 32 countries. Aptiv was founded in 2011 and is based in Dublin, Ireland.

DEAL STATS #
Overall 10 of 12
Sector (Software) 2 of 2
Type (Add-on Acquisition) 8 of 8
State (California) 1 of 1
Country (United States) 6 of 6
Year (2022) 1 of 3
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 gabocom

Suffolk, United Kingdom

gabocom Ltd. is a plastic processing company focused on providing highly-engineered, high-quality cable management and protection solutions for the telecommunications industry. gabocom was formed in 2018 and is based in Suffolk, United Kingdom.

Buy $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 TTTech Auto

Wien, Austria

TTTech Auto is specializes in safe software and hardware platforms for automated driving and beyond, applicable in series production programs. TTTech Auto is based in Wien, Austria.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 237 of 245
Sector (Software) 18 of 18
Type (Add-on Acquisition) 84 of 89
State (California) 59 of 60
Country (United States) 175 of 182
Year (2022) 2 of 4
Size (of disclosed) 11 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Project44

Chicago, Illinois, United States

Project44 is a provider of cloud-based platforms that connects, automates, and provides visibility into key transportation processes to accelerate insights and drive better decisions. Project44 was founded in 2014 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 Anovo

Memphis, Tennessee, United States

Anovo is a provider of specialty pharmacy services and customized treatment and support programs that address the unique needs of patients with certain complex and chronic diseases. Anovo was founded in 2013 and is based in Memphis, Tennessee.

Buy -
Mergr

Product

Company

Legal