M&A Deal Summary

EQT Acquires Innovyze

On March 21, 2017, private equity firm EQT acquired software company Innovyze from Stantec for 270M USD

Acquisition Highlights
  • This is EQT’s 4th transaction in the Software sector.
  • This is EQT’s 36th largest (disclosed) transaction.
  • This is EQT’s 17th transaction in the United States.
  • This is EQT’s 1st transaction in Colorado.
Investment Fate
  • Innovyze was sold to a publicly-traded strategic buyer in 2021 for 1.0B USD.

M&A Deal Summary
Date 2017-03-21
Target Innovyze
Sector Software
Buyer(s) EQT
Sellers(s) Stantec
Deal Type Divestiture
Deal Value 270M USD

Target

Innovyze

Broomfield, Colorado, United States
website
Innovyze is a global provider of wet infrastructure business analytics software solutions designed to meet the technological needs of water/wastewater utilities, government agencies, and engineering organizations worldwide. The company’s clients include the majority of the largest UK, Australasian, East Asian and North American cities, foremost utilities on all six continents, and ENR top-rated design firms. Innovyze was founded in 1996 and is based in Broomfield, Colorado.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 50.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 164 of 289
Sector (Software) 4 of 12
Type (Divestiture) 36 of 48
State (Colorado) 1 of 2
Country (United States) 17 of 54
Year (2017) 4 of 19
Size (of disclosed) 36 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 CFC Underwriting

London, United Kingdom

CFC Underwriting is a specialist insurance provider, a pioneer in emerging risk, and a market leader in cyber, serving more than 100,000 businesses in over 90 countries. CFC Underwriting was founded in 1999 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-23 GPA Global

Shenzhen, China

GPA Global is an one-stop-shop premium packaging and displays solutions provider which sources from a wide network of more than 100 vendors across China. GPA Global was founded in 2009 and is based in Shenzhen, China.

Buy -

Seller(S) 1

SELLER

Stantec

Edmonton, Alberta, Canada

website

Category Company
Founded 1954
Sector Business Services
Employees22,000
Revenue 5.7B CAD (2022)
DESCRIPTION

Stantec is a multi-disciplinary professional engineering consulting services. Stantec was founded in 1954 and is based in Edmonton, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Divestiture) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Architecture | Tkalcic Bengert

Edmonton, Alberta, Canada

Architecture | Tkalcic Bengert is a provider of recreation facility design, institutional planning, graphic design, branding and interior design services to clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-05 Inventrix

Seattle, Washington, United States

Inventrix, Inc. is a 22-person mechanical engineering firm based in Seattle, Washington. Inventrix delivers modern, intelligent buildings that leverage the latest advancements in systems technology. Inventrix building types include data centers, laboratories, healthcare, justice, high-rise, and performance-based projects.

Buy -
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