M&A Deal Summary |
|
|---|---|
| Date | 2023-09-21 |
| Target | Splunk |
| Sector | Software |
| Buyer(s) | Cisco Systems |
| Sellers(s) |
Silver Lake
Hellman & Friedman |
| Deal Type | Add-on Acquisition |
| Deal Value | 28.0B USD |
| Advisor(s) | Qatalyst Partners LP Morgan Stanley (Financial) Skadden, Arps, Slate, Meagher & Flom (Legal) |
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| Category | Company |
|---|---|
| Founded | 1984 |
| Sector | Technology Hardware |
| Employees | 83,300 |
| Revenue | 51.6B USD (2022) |
Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.
| DEAL STATS | # |
|---|---|
| Overall | 221 of 222 |
| Sector (Software) | 88 of 88 |
| Type (Add-on Acquisition) | 213 of 214 |
| State (California) | 111 of 112 |
| Country (United States) | 187 of 188 |
| Year (2023) | 2 of 3 |
| Size (of disclosed) | 1 of 133 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-21 |
Accedian
Montreal, Quebec, Canada Accedian is a provider of highly accurate network performance monitoring and assurance solutions. Accedian's software and technology are used by the world’s largest mobile, enterprise, and carrier networks to monitor, test, and ultimately ensure the real-time quality of service (QoS) and quality of experience (QoE) for operators. Accedian Networks was founded in 2004 and is based in Montreal, Quebec. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-21 |
Isovalent
Cupertino, California, United States Isovalent builds open-source software and enterprise solutions solving networking, security, and observability needs for modern cloud native infrastructure. Isovalent was founded in 2017 and is based in Cupertino, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 102.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 57 of 58 |
| Sector (Software) | 13 of 14 |
| Type (Add-on Acquisition) | 18 of 18 |
| State (California) | 18 of 18 |
| Country (United States) | 45 of 45 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-17 |
ProService Hawaii
Honolulu, Hawaii, United States ProService Hawaii provides HR solutions & also provides bundled solutions include configured HR technology, payroll, scheduling, HR consultations, health benefits management, administrative & risk management, workers’ compensation, 401(k), and regulatory compliance. ProService Hawaii was founded in 1994 and is based in Honolulu, Hawaii. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-02 |
Endeavor
Beverly Hills, California, United States Endeavor is a global sports and entertainment company, home to the world’s most dynamic and engaging storytellers, brands, live events, and experiences. Endeavor is comprised of industry leaders including entertainment agency WME; sports, fashion, events, and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation; marketing and licensing; content development, distribution, and sales; event management; and a number of direct-to-consumer offerings. Endeavor was incorporated in 1898 and is based in Beverly Hills, California. |
Buy | $13.0B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 50.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 59 |
| Sector (Software) | 9 of 9 |
| Type (Add-on Acquisition) | 13 of 13 |
| State (California) | 8 of 8 |
| Country (United States) | 43 of 43 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 19 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-24 |
Zendesk
San Francisco, California, United States Zendesk is a customer service software platform designed to bring organizations and their customers closer together. Zendesk was formed in 2007 and is based in San Francisco, California. |
Buy | $10.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-05 |
Baker Tilly
Chicago, Illinois, United States Baker Tilly is an advisory CPA firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers (New York, London, San Francisco, Los Angeles, and Chicago). Baker Tilly was founded in 1931 and is based in Chicago, Illinois. |
Buy | - |
