M&A Deal Summary

Bain Capital Private Equity and The Carlyle Group Acquire Applied Systems

On September 1, 2006, private equity firms Bain Capital Private Equity and The Carlyle Group acquired internet software and services company Applied Systems for 675M USD

Acquisition Highlights
  • This is Bain Capital Private Equity’s 1st and The Carlyle Group’s 13th transaction in the Internet Software and Services sector.
  • This is Bain Capital Private Equity’s 60th and The Carlyle Group’s 75th largest (disclosed) transaction.
  • This is Bain Capital Private Equity’s 36th and The Carlyle Group’s 148th transaction in the United States.
  • This is Bain Capital Private Equity’s 2nd and The Carlyle Group’s 6th transaction in Illinois.
Investment Fate
  • Applied Systems was sold to a consortium of financial buyers in 2014 for 1.8B USD.

M&A Deal Summary

Date 2006-09-01
Target Applied Systems
Sector Internet Software and Services
Buyer(s) Bain Capital Private Equity
The Carlyle Group
Deal Type Secondary Buyout
Deal Value 675M USD

Target

Applied Systems

Chicago, Illinois, United States
Applied Systems is a provider of cloud-based software to the P&C and benefits insurance industries. The company provides agency and brokerage management systems to customers throughout North America and Europe. Applied Systems was founded in 1983 and is based in Chicago, Illinois.

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Buyer(S) 2

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 50 of 253
Sector: Internet Software and Services M&A 1 of 9
Type: Secondary Buyout M&A Deals 6 of 76
State: Illinois M&A 2 of 4
Country: United States M&A 36 of 131
Year: 2006 M&A 10 of 14
Size (of disclosed) 60 of 75
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 NXP Semiconductors

Eindhoven, Netherlands

NXP Semiconductors is a provider of semiconductors, system solutions and software that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices. NXP Semiconductors was founded in 2006 and is based in Eindhoven, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Boart Longyear

Salt Lake City, Utah, United States

Boart Longyear is a provider of drilling services, orebody-knowledge technology, and innovative, safe and productivity-driven drilling equipment. The Company’s primary focus is on mining and exploration activities spanning commodities including copper, gold, nickel, zinc, uranium, and other minerals. Boart Longyear was founded in 1890 and is based in Salt Lake City, Utah.

Sell -
Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 247 of 750
Sector: Internet Software and Services M&A 13 of 25
Type: Secondary Buyout M&A Deals 20 of 130
State: Illinois M&A 6 of 22
Country: United States M&A 148 of 350
Year: 2006 M&A 38 of 51
Size (of disclosed) 75 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Casema NV

The Hague, Netherlands

Casema NV is a provider of analogue TV, digital TV and broadband Internet access to its residential customers, and leased line data communications and voice telephony to its business customers.

Sell €2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-11 StayWell

Yardley, Pennsylvania, United States

Staywell is a health empowerment company that enables populations to improve health outcomes through the science of behavior change. Staywell was founded in 1978 and is headquartered in St. Paul, Minnesota.

Sell -