Sage - M&A Summary and Business Overview

SoftwareCompany

Sage M&A Summary

Sage has acquired 38 companies, including 3 in the last 5 years. A total of 8 acquisitions came from private equity firms. It has also divested 11 assets.

Sage’s largest acquisition to date was in 2017, when it acquired Intacct for $850M. It’s largest disclosed sale occurred in 2017, when it sold Paya to GTCR for $311M. Sage has acquired in 10 different US states, and 12 countries. The Company’s most targeted sectors include software (83%) and internet software and services (9%).

Sage Business Overview

Where is Sage headquartered?

Sage is headquartered in Newcastle upon Tyne, United Kingdom.

What is Sage’s revenue?

Sage disclosed revenue of 2,184M GBP for 2023 and 1,947M GBP for 2022.

How many employees does Sage have?

Sage has 11,647 employees.

What sector is Sage in?

Sage is a software company.

When was Sage founded?

Sage was founded in 1981.

M&A Summary

  • M&A Total Activity46
    • M&A Buy Activity35
    • M&A Sell Activity11
  • Total Sectors Invested 4
  • Total Countries Invested 12
  • M&A Buy/Sell Connections 21
  • M&A Advisors 6

Sage

The Sage Group plc

C23 5 & 6 Cobalt Park Way, Cobalt Business Park,
Newcastle upon Tyne, NE28 9EJ
United Kingdom,
+44 19 1294 3000
www.sage.com

Sage provides business management software and services for small and medium-sized businesses. Sage was founded in 1981 and is based in Newcastle upon Tyne, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 32 - 1 2 - - 35
vol $3.3B $20M $3.3B
Sell (0.2/yr) # 10 1 - - - - 11
vol $311M $311M
  46

Most Recent M&A

Company Date Value Type
Lockstep Network, Inc. 2022-08-16 - Add-on Acquisition
Seattle, Washington · www.lockstep.io
Mateo 2022-04-22 - Divestiture
Scarborough, Maine
GoProposal Ltd. 2021-10-05 20M GBP Add-on Acquisition
Manchester, United Kingdom · www.goproposal.com
Symfonia sp. z o. o. 2020-12-09 - Divestiture
Warsaw, Poland · www.symfonia.pl
The Sage Group plc - Sage Pay 2019-11-18 - Divestiture
, United Kingdom
The Sage Group plc - Sage Payroll Solutions 2019-01-15 - Divestiture
, United States
Intacct Corp. 2017-07-25 850M USD Add-on Acquisition
San Jose, California · us.intacct.com
Paya, Inc. 2017-06-02 311M GBP Divestiture
Dunwoody, Georgia · www.paya.com
The Sage Group plc - Sage HRMS (Abra) 2017-05-10 - Divestiture
Tyne, United Kingdom
Startup Compass, Inc. 2017-03-29 - Add-on Acquisition
San Francisco, California · www.compass.co
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 29 (83%) 2.2B (65%) 7 (64%) -
Internet Software and Services 3 (9%) 881M (26%) 1 (9%) -
Information Technology 2 (6%) - 1 (9%) -
Business Services 1 (3%) 283M (8%) 1 (9%) -
Financial Services - - 1 (9%) 311M (100%)
Total 35 $3.3B 11 $311M

By Geo

State/Country Buy Value Sell Value
United States 13 2.7B 5 311M
  California 4 850M - -
  Georgia 1 145M 1 311M
  Arizona 1 260M 1 -
  Texas - - 2 -
  Washington 1 - - -
  Virginia 1 416M - -
  Tennessee 1 283M - -
  Oregon 1 91M - -
  New Jersey 1 158M - -
  Maine 1 - - -
  Florida 1 457M - -
United Kingdom 7 140M 2 -
France 4 46M 3 -
Brazil 2 22M - -
Germany 2 43M - -
1 294M - -
China 1 - - -
Ireland 1 23M - -
Malaysia 1 - - -
Poland - - 1 -
Singapore 1 7M - -
Spain 1 92M - -
Switzerland 1 12M - -
Domestic 7 (20%) 140M (4%) 2 (18%) -
Cross-border 28 (80%) 3.2B (96%) 9 (82%) 311M (100%)
Total 35 $3.3B 11 $311M

Top M&A Advisors

Financial Deals
William Blair
1
Raymond James - Investment Banking
1
Citi
1
Legal Deals
Allen Overy Shearman Sterling (A&O Shearman)
1
Skadden, Arps, Slate, Meagher & Flom
1

Deal Values

buy # Total
$100M to $1B 8 $2.9B
< $100M 15 $476M
TOTAL $3.3B
Largest Intacct Corp.
$850M (2017-07-25)
sell # Total
$100M to $1B 1 $311M
TOTAL $311M
Largest Paya, Inc.
$311M (2017-06-02)

M&A Connections

Deals
Acquired from
Investor(s)
14%
5 (14%)
Strategic(s)
11%
4 (11%)
Divested to
Investor(s)
55%
6 (55%)
Strategic(s)
45%
5 (45%)

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