M&A Deal Summary

bpost Acquires Radial

On October 9, 2017, bpost acquired internet software and services company Radial from Permira and Sterling Partners Private Equity for 820M USD

Acquisition Highlights
  • This is bpost’s 1st transaction in the Internet Software and Services sector.
  • This is bpost’s largest (disclosed) transaction.
  • This is bpost’s 2nd transaction in the United States.
  • This is bpost’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-10-09
Target Radial
Sector Internet Software and Services
Buyer(s) bpost
Sellers(s) Permira
Sterling Partners Private Equity
Deal Type Add-on Acquisition
Deal Value 820M USD
Advisor(s) J.P. Morgan Securities (Financial)

Target

Radial

King of Prussia, Pennsylvania, United States
website
Radial is a provider in omnichannel commerce technology and operations, enabling brands and retailers to profitably exceed retail customer expectations. Radial’s technical, powerful omnichannel solutions connect supply and demand through efficient fulfillment and transportation options, intelligent fraud, payments, and tax systems and personalized customer care services. Radial was formed in 1986 and is based in King of Prussia, Pennsylvania.

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Buyer(S) 1

Buyer

bpost

Brussels, Belgium

website


Category Company
Sector Consumer Services
Employees37,911
Revenue 4.1B EUR (2020)
DESCRIPTION

bpost is a modern, efficient postal company with a network of 670 post offices and 670 PostPoints that provides the universal service in Belgium, serving every letterbox five days per week and delivering around 10 million letters and 100,000 parcels on a daily basis. bpost is based in Brussels, Belgium.


DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2017) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 Bubble Post

Ghent, Belgium

Bubble Post specialises in durable and efficient first -and last mile delivery. Dry, cold and refrigerated goods are consolidated at the city rim and easily distributed into the city centre with small and fast ecological vehicles. Bubble Post reduces the environmental, human and economic cost of the last mile, bringing happiness back into the urban future.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 CityDepot

Hasselt, Belgium

CityDepot offers combined deliveries of goods to businesses and traders in commercial areas on behalf of transporters and logistics companies. With 30 employees in six Belgian cities, 40 vehicles make more than 1,000 deliveries every single day.

Sell -

Seller(S) 2

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 63 of 88
Sector (Internet Software and Services) 1 of 4
Type (Add-on Acquisition) 22 of 30
State (Pennsylvania) 1 of 2
Country (United States) 7 of 19
Year (2017) 3 of 4
Size (of disclosed) 28 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Curriculum Associates

North Billerica, Massachusetts, United States

Curriculum Associates is a provider of technology-enabled assessment and instructional programs for elementary and middle school students, teachers and administrators. The company’s adaptive assessments, personalized learning materials and exceptional customer service help students achieve their full potential and make teachers more effective. Curriculum Associates was founded in 1969 and is based in North Billerica, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Kroll

New York, New York, United States

Kroll is an independent financial advisory and investment banking firm, offering a broad range of consulting and advisory services to public and private companies. With more than 1,200 professionals serving clients worldwide. Kroll was founded in 1932 and is based in New York.

Buy $1.8B
SELLER
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.


DEAL STATS #
Overall 35 of 51
Sector (Internet Software and Services) 2 of 4
Type (Add-on Acquisition) 23 of 34
State (Pennsylvania) 1 of 3
Country (United States) 34 of 49
Year (2017) 4 of 5
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-21 World Fiber Technologies

Alpharetta, Georgia, United States

World Fiber Technologies is a U.S. based telecommunications, intelligent transportation systems (ITS) and open road tolling systems (ORT) solutions provider with expertise in the growing renewable energy business sector. The company provides engineering, design, construction and maintenance expertise and services for fiber optic networks, wireless communications systems, ITS, traffic signalization, ORT systems and broadband telecommunications solutions. For nearly two decades, World Fiber has been driven by six core values: ownership, people, stability and flexibility, relationships, reinvestment and perseverance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 IO Data Centers

Phoenix, Arizona, United States

IO Data Centers LLC is a colocation data center services provider. IO Data Centers was founded in 2007 and is based in Phoenix, Arizona.

Sell $1.4B