M&A Deal Summary

Blue Sky Private Equity Acquires Readify

On October 1, 2013, asset manager Blue Sky Private Equity acquired software company Readify for 16M AUD

Acquisition Highlights
  • This is Blue Sky Private Equity’s 1st transaction in the Software sector.
  • This is Blue Sky Private Equity’s 0th largest (disclosed) transaction.
  • This is Blue Sky Private Equity’s 6th transaction in Australia.
Investment Fate
  • Readify was sold to a publicly-traded strategic buyer in 2016.

M&A Deal Summary

Date 2013-10-01
Target Readify
Sector Software
Buyer(s) Blue Sky Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 16M AUD

Target

Readify

Docklands, Australia
website
Readify Ltd. is a provider of application development and software focused consulting and managed services.

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Buyer(S) 1

Buyer

Blue Sky Private Equity

website


Category Asset Manager
Founded 2006
PE ASSETS 3.4B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Blue Sky Alternative Investments Limited is a publicly traded alternative asset manager focused on private equity, real assets, real estate, and hedge funds. Blue Sky’s Private Equity team provides growth capital and late-stage venture capital to rapidly growing businesses. The Firm looks to partner with companies and provide them with expertise, capital and resources. For growth capital commitments, Blue Sky looks to commit $10 to $50 million per transaction and for late-stage venture opportunities, the Firm looks to $1 to $30 million per transaction. Blue Sky was formed in 2006 and is headquartered in Brisbane, Australia.


DEAL STATS #
Overall 6 of 9
Sector (Software) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
Country (Australia) 6 of 8
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-06 OakTree Group

Brisbane, Australia

OakTree Group is a developer and operator of retirement villages, providing affordable living for seniors in regional areas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Wild Breads Pty

Darra, Australia

Wild Breads is a wholesale bakery involved in providing baked goods under the Sol Breads, Nomad Breads and Wild Breads brands.

Buy -