M&A Deal Summary

Goldman Sachs Merchant Banking Acquires Aptos

On January 13, 2020, private equity firm Goldman Sachs Merchant Banking acquired information technology company Aptos from Apax

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 10th transaction in the Information Technology sector.
  • This is Goldman Sachs Merchant Banking’s 112th transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 4th transaction in Georgia.

M&A Deal Summary
Date 2020-01-13
Target Aptos
Sector Information Technology
Buyer(s) Goldman Sachs Merchant Banking
Sellers(s) Apax
Deal Type Secondary Buyout

Target

Aptos

Atlanta, Georgia, United States
Aptos delivers innovative technology solutions that enable apparel, specialty, and general merchandise retailers to engage their customers differently for superior results. Aptos was formed in 2015 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Goldman Sachs Merchant Banking

New York, New York, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 161 of 180
Sector (Information Technology) 10 of 13
Type (Secondary Buyout) 57 of 65
State (Georgia) 4 of 5
Country (United States) 112 of 123
Year (2020) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-08 Marathon Health

Winooski, Vermont, United States

Marathon Health is a provider of primary care and population health management solutions for U.S. employers. Marathon Health was formed in 2005 and is based in Winooski, Vermont.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Safe-Guard

Atlanta, Georgia, United States

Safe-Guard is a provider of branded vehicle protection products in the finance and insurance space to the automotive, RV, marine and motorcycle/Powersports industries. Safe-Guard Products develops, markets and administers programs on behalf of clients, backed by industry-leading sales and marketing, advanced technology solutions, and comprehensive customer service. Safe-Guard is a proud partner to Original Equipment Manufacturers (OEMs), top retailers, and independent agents across the United States and Canada. Safe-Guard was founded in 1992 and is based in Atlanta, Georgia.

Sell -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B 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 137 of 165
Sector (Information Technology) 12 of 16
Type (Secondary Buyout) 48 of 63
State (Georgia) 1 of 1
Country (United States) 52 of 63
Year (2020) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-13 Coalfire

Westminster, Colorado, United States

Coalfire is a cybersecurity advisor that helps organizations avert threats, close gaps, and effectively manage cyber risk. By providing independent, tailored advice and services that span the cybersecurity lifecycle, the company helps clients develop scalable programs that improve their security posture. The company today has more than 1,800 government and commercial clients and extensive cloud security experience, working with seven of the top ten SaaS providers. Coalfire was founded in 2001 and is based in Westminster, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 Engineering Ingegneria Informatica

Roma, Italy

Engineering Ingegneria Informatica is an IT services provider focused on digital transformation with more than 11,000 professionals in 65 locations across the world. The Group designs develops and manages innovative IT solutions for business areas where digitalization is having the biggest impact. Engineering Ingegneria Informatica was founded in 1980 and is based in Roma, Italy.

Sell -
Mergr

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