M&A Deal Summary |
|
|---|---|
| Date | 2008-04-01 |
| Target | Flexera |
| Sector | Software |
| Buyer(s) |
Thoma Bravo
HarbourVest Partners The Carlyle Group |
| Sellers(s) | Tivo |
| Deal Type | Divestiture |
| Deal Value | 200M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 140 |
| Sector (Software) | 9 of 59 |
| Type (Divestiture) | 3 of 13 |
| State (Illinois) | 1 of 7 |
| Country (United States) | 16 of 120 |
| Year (2008) | 2 of 2 |
| Size (of disclosed) | 42 of 47 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-04-01 |
Manatron
Portage, Michigan, United States Manatron is focused on providing software and services to enable state and local governments in North America to completely, fairly and efficiently assess real and personal property, and to bill and collect the related property taxes in their jurisdictions. The Company’s software manages the entire property life cycle, which includes deed recording, land records, GIS (Geographic Information System) integration, valuation, assessment administration, personal property, business licenses, cashiering, tax billing and collection, delinquents and tax sales, and e-government. Manatron is headquartered in Portage, Michigan and has offices located across the United States. |
Buy | $66M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-01-01 |
Local Media of America
San Diego, California, United States LMA operates three 100,000 watt class C radio stations serving the San Diego, CA market, the country’s 17th largest radio market, with a variety of popular music formats and e-marketing opportunities. The Company also seeks additional radio broadcasting opportunities in large markets throughout the U.S. The current LMA stations are: XHRM-FM 92.5 (“Magic”), a “Rhythmic Adult Contemporary” station; XHTZ-FM 90.3 (“Z90”), a “Rhythmic Contemporary Hit Radio” station; and XETRA-FM 91.1 (“91X”), an “Alternative Music” station. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 69 of 223 |
| Sector (Software) | 8 of 26 |
| Type (Divestiture) | 2 of 13 |
| State (Illinois) | 4 of 6 |
| Country (United States) | 43 of 134 |
| Year (2008) | 7 of 13 |
| Size (of disclosed) | 56 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-03-16 |
EPAC Technologies
San Leandro, California, EPAC provides On-demand printing and publication services |
Buy | $20M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-05-01 |
Polynt
Scanzorosciate, Italy Polynt engages in the research and development, manufacture, and sale of specific polymer chemical intermediates, catalysts, and compounds. Polynt was founded in 1955 and is based in Scanzorosciate, Italy. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 435.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 320 of 744 |
| Sector (Software) | 22 of 56 |
| Type (Divestiture) | 31 of 72 |
| State (Illinois) | 9 of 22 |
| Country (United States) | 186 of 349 |
| Year (2008) | 8 of 28 |
| Size (of disclosed) | 112 of 137 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-03-17 |
Catapult Learning
Philadelphia, Pennsylvania, United States Catapult Learning is an outsourced K-12 educational services platform in the U.S. The Company serves more than 300,000 K-12 students across 300+ districts, including 16 of the 20 largest districts, in 38 states and the District of Columbia. Catapult Learning was founded in 1976 and is based in Philadelphia, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-04-16 |
Varsity Group
Washington, District of Columbia, United States Varsity Group, Inc. was an online retailing company specializing in textbooks. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Technology Hardware |
| Employees | 1,700 |
| Revenue | 696M USD (2018) |
Tivo Corporation provides guidance technology, entertainment data, copy protection, industry standard networking and media management technology for digital entertainment devices and services. Rovi was formed in 1983 and is based in San Carlos, California. Tivo was founded in 1983 and is based in San Jose, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 6 |
| Sector (Software) | 2 of 3 |
| Type (Divestiture) | 1 of 5 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 2 of 6 |
| Year (2008) | 2 of 3 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-04-01 |
Trymedia Systems
San Francisco, California, United States Trygames.com has more than 1,200 games though many of those titles are more casual in nature and like many of its e-distribution competitors, there are few “new” games with frontline pricing. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-05-02 |
Gemstar-TV Guide International
Santa Clara, California, United States Gemstar-TV Guide International, Inc. provides digital entertainment advertising platform for advertisers. |
Buy | - |
