Investment Summary

The Gores Group and General Atlantic Exits SSA Global Technologies

On June 7, 2004, invested in information technology company SSA Global Technologies from The Gores Group and General Atlantic

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in the United States.
  • This is transaction in Illinois.
Investment Fate
  • SSA Global Technologies was sold to a strategic buyer in 2006.

Investment Summary

Date 2004-06-07
Target SSA Global Technologies
Sector Information Technology
Sellers(s) The Gores Group
General Atlantic
Deal Type IPO

Target

SSA Global Technologies

Chicago, Illinois, United States
SSA Global Technologies is the company that emerged from the August 2000 acquisition of substantially all of the assets of System Software Associates, Inc. by Gores and Cerberus Capital Management. SSA Global is a leading provider of extended ERP solutions for manufacturing, distribution, retail, services and public organizations worldwide. In addition to core ERP applications, SSA Global offers a full range of integrated extension solutions including corporate performance management, customer relationship management, product lifecycle management, supply chain management and supplier relationship management.

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Seller(S) 2

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 11 of 67
Sector: Information Technology M&A 5 of 12
Type: IPO M&A Deals 1 of 4
State: Illinois M&A 1 of 1
Country: United States M&A 9 of 53
Year: 2004 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-07 Inmac

Roissy en France, France

Inmac is a business-to-business direct reseller of information technology products, services, accessories and consumables to the French marketplace. The company, located in Paris, has operated for over 20 years and offers approximately 12,000 brand name products through the Internet, catalogues and direct sales channels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-21 ViaPath Technologies

Falls Church, Virginia, United States

ViaPath Technologies is a provider of telecommunications and technology services to the United States corrections industry. ViaPath Technologies offers innovative product solutions including offender management systems, case management systems, and inmate phone systems. ViaPath Technologies was founded in 1989 and is based in Falls Church, Virginia.

Buy -
SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 13 of 166
Sector: Information Technology M&A 4 of 28
Type: IPO M&A Deals 4 of 57
State: Illinois M&A 1 of 8
Country: United States M&A 9 of 86
Year: 2004 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-07 Lesaka

Johannesburg, South Africa

Lesaka is a Fintech company that utilizes its proprietary banking and payment technologies to deliver superior financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. The Company offers cash management solutions, growth capital, card acquiring, bill payment technologies and value-added services to retail merchants as well as banking, lending, and insurance solutions to consumers across Southern Africa. Lesaka was founded in 1997 and is based in Johannesburg, South Africa.

Buy $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-15 RiskMetrics Group

New York, New York, United States

RiskMetrics Group, Inc. is a provider of risk analytics and information processing to the global financial services community. The RiskMetrics service offering allows investors, shareholders, managers, and regulators to measure and manage financial risk.

Buy $122M