M&A Deal Summary |
|
|---|---|
| Date | 2016-08-15 |
| Target | Astound |
| Sector | Communications |
| Buyer(s) |
TPG
CapitalG |
| Sellers(s) |
ABRY Partners
HarbourVest Partners Granahan McCourt Capital Spectrum Equity |
| Deal Type | Secondary Buyout |
| Deal Value | 1.6B USD |
| Advisor(s) | Credit Suisse Investment Banking (Financial) Kirkland & Ellis PwC Law Locke Lord (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 268 of 401 |
| Sector (Communications) | 13 of 14 |
| Type (Secondary Buyout) | 31 of 63 |
| State (New Jersey) | 4 of 5 |
| Country (United States) | 181 of 269 |
| Year (2016) | 10 of 15 |
| Size (of disclosed) | 45 of 100 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-15 |
Grande Communication
San Marcos, Texas, United States Grande Communication is a broadband communications company that offers a full suite of Internet, TV, and phone services for residential and business customers through its state-of-the-art, high-capacity, hybrid fiber-optic network. Grande Communication was founded in 1999 and is based in San Marcos, Texas. |
Buy | $650M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-01 |
C3.ai
Redwood City, California, United States C3.ai is an enterprise AI software provider for accelerating digital transformation. The proven C3 AI Suite provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches. C3.ai was founded in 2009 and is based in Redwood City, California. |
Buy | - |
| Category | Corporate Investor |
|---|---|
| Founded | 2013 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Focused |
CapitalG is the growth equity and direct investment arm of Alphabet, Inc. CapitalG invests in emerging tech-enabled service companies and assists with providing tactical advice across key functional areas such as engineering, product, sales, and marketing. CapitalG was formerly known as Google Capital. The Unit was formed in 2013 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 36 |
| Sector (Communications) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 3 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 17 of 31 |
| Year (2016) | 2 of 3 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-28 |
Pindrop
Atlanta, Georgia, United States Pindrop provides voice fraud prevention and authentication. Pindrop provides enterprise solutions to reduce fraud losses and authentication expenses for some of the largest call centers in the world. Pindrop’s patented Phoneprinting™ technology can identify, locate, and authenticate phone devices uniquely just from the call audio thereby detecting fraudulent calls as well as verifying legitimate callers. Pindrop was founded in 2011 and is based in Atlanta, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-25 |
Stripe
South San Francisco, California, United States Stripe is a web and mobile payment platform that allows individuals and businesses to accept online payments. Stripe handles billions of dollars every year for forward-thinking businesses around the world. Stripe was founded in 2010 and is based in San Francisco, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 12.8B USD |
| Size | Mega |
| Type | Sector Focused |
ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 58 of 98 |
| Sector (Communications) | 12 of 15 |
| Type (Secondary Buyout) | 15 of 30 |
| State (New Jersey) | 6 of 9 |
| Country (United States) | 52 of 85 |
| Year (2016) | 4 of 8 |
| Size (of disclosed) | 6 of 29 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-15 |
Grande Communication
San Marcos, Texas, United States Grande Communication is a broadband communications company that offers a full suite of Internet, TV, and phone services for residential and business customers through its state-of-the-art, high-capacity, hybrid fiber-optic network. Grande Communication was founded in 1999 and is based in San Marcos, Texas. |
Sell | $650M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-22 |
LanguageLine Solutions
Monterey, California, United States LanguageLine Solutions, Inc. is a provider of over-the-phone interpretation services from English into more than 150 languages, 24 hours a day, seven days a week. |
Sell | $1.5B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 77 of 127 |
| Sector (Communications) | 7 of 11 |
| Type (Secondary Buyout) | 25 of 33 |
| State (New Jersey) | 3 of 4 |
| Country (United States) | 49 of 81 |
| Year (2016) | 5 of 8 |
| Size (of disclosed) | 14 of 38 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-10 |
Roompot
Goes, Netherlands Roompot is a European holiday park operator active in the exploitation of holiday parks, tour operating services for third party holiday parks, and the development of holiday parks. Roompot was founded in 1965 and is based in Goes, Netherlands. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-07 |
OTG Management
New York, New York, United States OTG Management is an operator of airport food and beverage concessions. OTG Management was founded in 1996 and is based in New York city. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Size | Small |
| Type | Sector Focused |
Granahan McCourt Capital is a specialist investment firm focused on investments in the telecommunications and media industries. Granahan McCourt looks for small and medium-sized companies with strong market positions and 'where there is a forseeable event which allows for value creation'. The Firm's investment horizon is two to four years. Granahan McCourt Capital is based in Princeton, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector (Communications) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 1 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-02 |
Skyware Global
Smithfield, North Carolina, United States Skyware Global is a provider in the design, manufacture, and distribution of systems for the global satellite industry. Skyware Global provides direct-to-home, enterprise VSAT and satellite broadband equipment for residential, commercial and government use. Skyware Global was founded in 2008 and is based in Smithfield, North Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-08 |
Dugout
London, United Kingdom Dugout is a new digital football platform that takes fans off the pitch and behind the scenes of the beautiful game. Dugout gives football fans one single place to connect with their favorite clubs and players and away from the noise of multiple social media and news sites. Dugout was founded in 2016 and is based in London, United Kingdom. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 4.7B USD |
| Size | Large |
| Type | Sector Focused |
Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $100 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 44 of 70 |
| Sector (Communications) | 9 of 9 |
| Type (Secondary Buyout) | 3 of 7 |
| State (New Jersey) | 2 of 2 |
| Country (United States) | 39 of 63 |
| Year (2016) | 4 of 6 |
| Size (of disclosed) | 7 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-13 |
MedHOK
Tampa, Florida, United States MedHOK, Inc. is a provider of software-as-a-service (SaaS) solutions for health plans offered by insurance companies, health systems and companies that administer drug benefits. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-08 |
Finalsite
Glastonbury, Connecticut, United States Finalsite is a SaaS-based learning and communications platform for K-12 independent and public schools and higher education institutions in the U.S. and internationally. The platform manages all aspects of a school’s web presence and facilitates the distribution of digital content across school communities and in classrooms via a proprietary, SaaS-based software suite accessed through desktops and mobile devices. Finalsite was founded in 1998 and is based in Glastonbury, Connecticut. |
Sell | - |
