M&A Deal Summary

Emerson Acquires Paradigm

On October 16, 2017, Emerson acquired software company Paradigm from Apax and JMI Equity for 510M USD

Acquisition Highlights
  • This is Emerson’s 7th transaction in the Software sector.
  • This is Emerson’s 7th largest (disclosed) transaction.
  • This is Emerson’s 32nd transaction in the United States.
  • This is Emerson’s 5th transaction in Texas.

M&A Deal Summary

Date 2017-10-16
Target Paradigm
Sector Software
Buyer(s) Emerson
Sellers(s) Apax
JMI Equity
Deal Type Add-on Acquisition
Deal Value 510M USD

Target

Paradigm

Houston, Texas, United States
Paradigm's corporate headquarters in Houston, Texas.
Paradigm's corporate headquarters in Houston, Texas.
Paradigm Ltd. is an independent developer of software enabled solutions to the global oil and gas industry. Paradigm technologies and workflows enable its customers to create value from data, understand complex geology, drill in optimal locations, assess risks impacting safety and the environment, and maximize asset value. Paradigm was formed in 1987 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Emerson

St. Louis, Missouri, United States

Category Company
Founded 1890
Sector Diversified
Employees67,000
Revenue 15.2B USD (2023)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 48 of 66
Sector (Software) 7 of 10
Type (Add-on Acquisition) 39 of 54
State (Texas) 5 of 6
Country (United States) 32 of 42
Year (2017) 3 of 4
Size (of disclosed) 7 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-10 GeoFields

Atlanta, Georgia, United States

GeoFields is a software enables pipeline operators to collect critical integrity data, perform risk modeling and high consequence area (HCA) risk analysis and prioritize pipeline integrity-related maintenance and asset management activities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Cooper-Atkins

Middlefield, Connecticut, United States

Cooper-Atkins Corp. is a manufacturer of temperature management and environmental measurement devices and wireless monitoring solutions for foodservice, healthcare and industrial markets. Cooper-Atkins Corp. was founded in 1885 and is headquartered in Middlefield, Connecticut.

Buy $248M

Seller(S) 2

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 124 of 173
Sector (Software) 11 of 16
Type (Add-on Acquisition) 46 of 60
State (Texas) 7 of 9
Country (United States) 48 of 65
Year (2017) 6 of 6
Size (of disclosed) 34 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Tosca

Atlanta, Georgia, United States

Tosca is a provider of reusable packaging and supply chain solutions across a diverse range of markets including eggs, poultry, produce, case-ready meat, and cheese. It collaborates with growers, suppliers, and retailers to deliver the best flow of perishables through the supply chain, eliminating waste at every turn. Tosca was formed in 1959 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Moda Operandi

New York, New York, United States

Moda Operandi is an online designer retailer to preorder the latest ready-to-wear fashion, shoes, handbags, accessories, and jewelry months before they are available anywhere else. Moda Operandi was formed in 2010 and is based in New York, New York.

Buy -
SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 81 of 107
Sector (Software) 42 of 55
Type (Add-on Acquisition) 53 of 68
State (Texas) 8 of 9
Country (United States) 75 of 95
Year (2017) 3 of 3
Size (of disclosed) 9 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-26 automotiveMastermind

New York, New York, United States

automotiveMastermind LLC is a provider of predictive analytics and marketing automation technology for the automotive industry. The company’s cloud-based platform helps dealers precisely predict automobile-buying behavior and automates the creation of micro-targeted consumer communications, leading to proven higher sales and more consistent customer retention. automotiveMastermind currently works with more than 1,000 dealer partners.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 AppNeta

Boston, Massachusetts, United States

AppNeta is a provider of proactive application and network monitoring solutions built for the distributed, cloud-connected, digital enterprise. AppNeta was founded in 2011 and is based in Boston, Massachusetts.

Sell -