M&A Deal Summary

Astorg Partners Acquires Acturis

On March 1, 2019, private equity firm Astorg Partners acquired internet software and services company Acturis from Summit Partners

Acquisition Highlights
  • This is Astorg Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Astorg Partners’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2019-03-01
Target Acturis
Sector Internet Software and Services
Buyer(s) Astorg Partners
Sellers(s) Summit Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
Dickson Minto (Legal)

Target

Acturis

London, United Kingdom
Acturis offers a multi-tenant SaaS platform providing administration, distribution, and underwriting capabilities to insurers and insurance brokers. Acturis was founded in 2000 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Astorg Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 22.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Astorg Partners is a private equity firm that targets small to midcap company investments primarily in France and to a limited extent, Western Europe. Astorg Partners looks for companies valued between €400 million and €2 billion, requiring at least €15 million in equity. Areas of interest include healthcare, retail, distribution, hospitality, and professional services. Prospective transaction situations include leverage build-ups, divestitures, family transitions, and secondary buyouts. Astorg Partners was formed in 1998 and is based in Paris and has additional offices in London and Luxembourg.


DEAL STATS #
Overall 43 of 67
Sector (Internet Software and Services) 1 of 3
Type (Secondary Buyout) 19 of 37
Country (United Kingdom) 2 of 11
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Anaqua

Boston, Massachusetts, United States

Anaqua is a provider of integrated, end-to-end innovation and intellectual property management software (IPMS) solutions. Anaqua was founded in 2004 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-27 M7 Group SA

Luxembourg, Belgium

M7 Group SA is the sole provider of satellite television and radio in the Netherlands and Belgium (Flanders region).

Sell -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 236 of 286
Sector (Internet Software and Services) 15 of 28
Type (Secondary Buyout) 42 of 60
Country (United Kingdom) 3 of 6
Year (2019) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 Animal Supply Company

Grand Prairie, Texas, United States

Animal Supply Company is a pet food and supply distributor that provides weekly service to customers nationwide. With more than 1,000,000 square feet of warehouse space and some of the most advanced distribution technologies available, the company delivers over 15,000 unique SKUs to more than 9,000 customers with market-leading efficiency and accuracy. Animal Supply Company was formed in 1987 and is based in Grand Prairie, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 Klaviyo

Boston, Massachusetts, United States

Klaviyo is a SaaS-based data and marketing platform that accelerates growth for companies by enabling them to leverage their owned marketing channels. Serving more than 265,000 companies worldwide, Klaviyo makes it easy to access, store, analyze, and use transactional and behavioral data to power highly targeted email and advertising campaigns. Klaviyo was founded in 2012 and is based in Boston, Massachusetts.

Buy -