M&A Deal Summary
Pencarrow Private Equity
|Deal Type||Add-on Acquisition|
|Deal Value||1.1B USD|
|Advisor(s)||Goldman Sachs Investment Banking Division (Financial)
Simpson Thacher & Bartlett LLP
DLA Piper (Legal)
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Bentley is a software development company that supports the professional needs of those responsible for creating and managing the world’s infrastructure, including roadways, bridges, airports, skyscrapers, and industrial and power plants, as well as utility networks. Bentley delivers solutions for the entire lifecycle of the infrastructure asset, tailored to the needs of the various professions: the engineers, architects, geospatial professionals, planners, contractors, fabricators, IT managers, operators, and maintenance engineers: who will work on and work with that asset over its lifetime. Comprised of integrated applications and services built on an open platform, each solution is designed to ensure that information flows between workflow processes and project team members to enable interoperability and collaboration. Bentley was formed in 1984 and is based in Exton, Pennsylvania.
|Overall||28 of 37|
|Sector (Information Technology)||4 of 5|
|Type (Add-on Acquisition)||27 of 36|
|Country (New Zealand)||1 of 1|
|Year (2021)||2 of 10|
|Size (of disclosed)||1 of 2|
Graceville East, Australia
E7 Pty Ltd. is a provider of field-based construction delivery software for heavy civil construction. E7 is based in Graceville East, Australia.
Montreal, Quebec, Canada
INRO is a provider of multimodal transportation planning, traffic simulation, and mobility visualization software. INRO’s products include Emme, a multimodal transportation planning system for urban, regional, and national transportation forecasting; Dynameq, a vehicle-based traffic simulation platform for city-wide traffic planning; and CityPhi, a mobility visualization solution providing data visualization and visual analytics of large-scale mobility and geospatial datasets. INRO was founded in 1976 and is based in Montreal, Quebec.
Pencarrow Private Equity is a private equity firm focused on investing in New Zealand owned and operated businesses. Pencarrow looks to support management buyouts, management buy-ins, and provide expansion capital for companies operating in a variety of sectors. Areas of interest include building materials, distribution, manufacturing, consumer products, business services, and capital equipment. Target companies are typically valued between NZ$20 and $100 million where the Firm can commit $10 to $30 million in equity capital. Pencarrow Private Equity was formed in 1993 and is based in Wellington, New Zealand.
|Overall||8 of 9|
|Sector (Information Technology)||1 of 1|
|Type (Add-on Acquisition)||3 of 4|
|Country (New Zealand)||8 of 9|
|Year (2021)||1 of 1|
|Size (of disclosed)||1 of 1|
Auckland, New Zealand
Skin Institute is a provider of dermatological medical practice. Skin Institute offers treatments and services that include skin cancer, veins, cosmetic surgery, and appearance medicine. Skin Institute also has two retail brands, Lovely by Skin Institute and Off & On, that provide appearance medicine services to the mass-consumer market. Skin Institute was established in 1994 and is based in Auckland, New Zealand.
Auckland, New Zealand
Umbrellar is a provider of cloud hosting, domain name services, and e-commerce payment services across New Zealand and Australia. The Group operates a network of data centres providing distributed high availability and fault tolerant cloud services. Umbrellar was established in 1997 and is based in Auckland, New Zealand.
Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.
|Overall||34 of 44|
|Sector (Information Technology)||7 of 8|
|Type (Add-on Acquisition)||20 of 25|
|Country (New Zealand)||1 of 1|
|Year (2021)||3 of 12|
|Size (of disclosed)||2 of 15|
Chicago, Illinois, United States
ShowingTime is a residential real estate industry's showing management and market stats technology provider, with more than 1.2 million active listings subscribed to its services. Its showing products and services simplify the appointment scheduling process for real estate professionals, buyers, and sellers, while its MarketStats division provides interactive tools and easy-to-read market reports for MLSs, associations, brokers, agents, and other real estate companies, as well as recruiting tools for brokers. ShowingTime was formed in 1999 and is based in Chicago, Illinois.
Oakland, California, United States
Navis provides enterprise software solutions for the maritime transportation and logistics industry. Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Navis was founded in 1988 and is based in Oakland, California.