M&A Deal Summary

CVC Capital Partners Acquires ConvergeOne Holdings

On November 6, 2018, private equity firm CVC Capital Partners acquired communications company ConvergeOne Holdings, Inc. for 1.8B USD

Acquisition Highlights
  • This is CVC Capital Partners’ 6th transaction in the Communications sector.
  • This is CVC Capital Partners’ 17th largest (disclosed) transaction.
  • This is CVC Capital Partners’ 29th transaction in the United States.
  • This is CVC Capital Partners’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-11-06
Target ConvergeOne Holdings, Inc.
Sector Communications
Buyer(s) CVC Capital Partners
Deal Type Going Private
Deal Value 1.8B USD
Advisor(s) Raymond James - Investment Banking
William Blair & Co. LLC
Jefferies LLC (Financial)
Cooley LLP (Legal)

Target

ConvergeOne Holdings, Inc.

Eagan, Minnesota, United States
website
ConvergeOne is a provider of business communications solutions. The Company serves as a critical link between OEMs and end users providing essential consulting and project management services related to custom design, installation, implementation and maintenance of communication solutions. ConvergeOne was formed in 2005 and is headquartered in Eagan, Minnesota.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 82.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €250 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 231 of 289
Sector (Communications) 6 of 6
Type (Going Private) 11 of 13
State (Minnesota) 1 of 2
Country (United States) 29 of 38
Year (2018) 14 of 18
Size (of disclosed) 17 of 54
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-30 Omada A/S

Copenhagen, Denmark

Omada is a provider of IT security solutions and services for identity management and access governance. The Company helps its customers globally to govern and control users' access rights to enterprise systems and data, reduce risk of accidental or wrongful data access, and ensure compliance with regulation (such as GDPR) as well as industry-specific legislation. Omada was founded in 2000 and is based in Copenhagen, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 DKV Mobility Services Group

Ratingen, Germany

DKV Mobility Services Group is a provider in cash-free services en route for commercial goods and passenger transportation, toll, and further mobility services. DKV Mobility Services Group was founded in 1934 and is based in Ratingen, Germany.

Buy -
Mergr

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Company

Legal