M&A Deal Summary

DigitalGlobe Acquires GeoEye

On July 24, 2012, DigitalGlobe acquired business services company GeoEye from Cerberus Capital Management for 900M USD

Acquisition Highlights
  • This is DigitalGlobe’s 2nd transaction in the Business Services sector.
  • This is DigitalGlobe’s largest (disclosed) transaction.
  • This is DigitalGlobe’s 3rd transaction in the United States.
  • This is DigitalGlobe’s 1st transaction in Virginia.

M&A Deal Summary

Date 2012-07-24
Target GeoEye
Sector Business Services
Buyer(s) DigitalGlobe
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition
Deal Value 900M USD

Target

GeoEye

Herndon, Virginia, United States
website
GeoEye, Inc. is an international information services company serving government and commercial markets. The Company is recognized as one of the geospatial industry's imagery experts, delivering exceptional quality imagery products, services and solutions to customers around the world.

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Buyer(S) 1

Buyer

DigitalGlobe

Westminster, Colorado, United States

website


Category Company
Founded 1993
Sector Information Technology
Employees1,189
Revenue 714M USD (2016)
DESCRIPTION
DigitalGlobe's corporate headquarters in Westminster, Colorado.
DigitalGlobe's corporate headquarters in Westminster, Colorado.

DigitalGlobe, Inc. is a provider of commercial high?resolution earth imagery products and services. The imagery solutions support a wide variety of uses within defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals, and navigation technology. DigitalGlobe, Inc. was established in 1993 and is based in Westminster, Colorado.


DEAL STATS #
Overall 3 of 7
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 6
State (Virginia) 1 of 3
Country (United States) 3 of 7
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-08 GlobeXplorer

Walnut Creek, California, United States

GlobeXplorer is a geographic data integration and publishing company, provides online satellite images and aerial photography.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-09 Tomnod

San Diego, California, United States

Tomnod, Inc. is a web-based operation that uses crowd-sourced information to add value to imagery.

Buy -

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


DEAL STATS #
Overall 18 of 54
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 8 of 27
State (Virginia) 1 of 3
Country (United States) 12 of 36
Year (2012) 5 of 6
Size (of disclosed) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-09 YP The Real Yellow Pages

Atlanta, Georgia, United States

YP, The Real Yellow Pages is a local marketing solutions provider in the US dedicated to helping local businesses and communities grow. YP’s flagship consumer brands include the popular YP® app and yp.com, which are used by nearly 60 million consumers each month in the U.S. and The Real Yellow Pages® directory.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-09 Advantage Federal Resourcing

Brookfield, Wisconsin, United States

Advantage Federal Resourcing, Inc. ("AFR"), is a commercial, government and military engineering solutions provider. AFR provides staff augmentation, contingent workforce management and engineering consulting both domestically and to international military operations.

Sell -