M&A Deal Summary |
|
|---|---|
| Date | 2020-02-24 |
| Target | Credit Karma |
| Sector | Internet Software and Services |
| Buyer(s) | Intuit |
| Sellers(s) |
Susquehanna Growth Equity
CapitalG Silver Lake Northleaf Capital Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 7.1B USD |
| Advisor(s) | Goldman Sachs (Financial) Skadden, Arps, Slate, Meagher & Flom Wilson Sonsini Goodrich & Rosati (Legal) |
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Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 55 |
| Sector (Internet Software and Services) | 23 of 25 |
| Type (Add-on Acquisition) | 48 of 51 |
| State (California) | 24 of 25 |
| Country (United States) | 47 of 49 |
| Year (2020) | 1 of 2 |
| Size (of disclosed) | 2 of 29 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-13 |
Medfusion
Cary, North Carolina, United States Medfusion, Inc. is a provider of healthcare IT by centering on the information needs of the patient. It's patient-to-provider communication solutions that enable healthcare providers to offer superior service to their patients while improving office efficiency and generating revenue. Medfusion was founded in 1996 and is based in Cary, North Carolina. |
Sell | $43M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-03 |
TradeGecko Pte.
Singapore, Singapore TradeGecko is an inventory and order management platform that makes omnichannel commerce easy for entrepreneurs, founders and independent brands to build amazing businesses. Its cloud-based inventory and order management solution gives SMBs the commerce superpowers needed to compete Speed, Scale, and Smart Insights. By providing the tools for brands to automate their workflows, gain instant global reach, and make data-driven decisions. TradeGecko was formed in 2012 and is based in Singapore, Singapore. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2006 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $5 to $50 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 30 |
| Sector (Internet Software and Services) | 8 of 12 |
| Type (Add-on Acquisition) | 12 of 19 |
| State (California) | 3 of 4 |
| Country (United States) | 18 of 26 |
| Year (2020) | 2 of 5 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-21 |
XebiaLabs
Burlington, Massachusetts, United States XebiaLabs, Inc. is a provider of automation software for DevOps and Continuous Delivery helping companies accelerate the delivery of new software. XebiaLabs was formed in 2008 and is based in Boston, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-09 |
Clutch
Washington, District of Columbia, United States Clutch Co. is a B2B ratings and reviews platform for IT, Marketing, and Business Services providers. Clutch’s B2B ratings and reviews database provides B2B buyers with unbiased ratings, reviews, and insights to find B2B services firms that deliver, enabling them to make the best B2B services buying & hiring decisions. Clutch Co. was established in 2013 and is based in Washington, District of Columbia. |
Buy | - |
| Category | Corporate Investor |
|---|---|
| Founded | 2013 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Focused |
CapitalG is the growth equity and direct investment arm of Alphabet, Inc. CapitalG invests in emerging tech-enabled service companies and assists with providing tactical advice across key functional areas such as engineering, product, sales, and marketing. CapitalG was formerly known as Google Capital. The Unit was formed in 2013 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 16 |
| Sector (Internet Software and Services) | 6 of 9 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (California) | 5 of 8 |
| Country (United States) | 8 of 15 |
| Year (2020) | 1 of 3 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-04 |
Dataiku
New York, New York, United States Dataiku is a centralized data platform that democratizes the use of data science, machine learning, and AI in the enterprise. Dataiku was founded in 2013 and is based in New York City. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-09 |
Albert
Culver City, California, United States Albert manages money with automated software and human financial guidance. Albert was founded with the goal to democratize financial advice and change the way our generation makes financial decisions. Albert was founded in 2015 and is based in Culver City, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 102.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 58 |
| Sector (Internet Software and Services) | 7 of 10 |
| Type (Add-on Acquisition) | 16 of 18 |
| State (California) | 13 of 18 |
| Country (United States) | 37 of 45 |
| Year (2020) | 2 of 6 |
| Size (of disclosed) | 4 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-16 |
Global Blue
Wangen-Brüttisellen, Switzerland Global Blue is an international provider of travel-related financial services. Global Blue offers a seamless shopping and payment journey for tourists and also provides a wide range of added-value payment solutions for all the stakeholders involved, including retailers and international shoppers. Global Blue was founded in 1980 and is based in Wangen-Brüttisellen, Switzerland. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-21 |
Reliance Jio
Navi Mumbai, India Reliance Jio is a next-generation technology platform focused on providing high-quality and affordable digital services across India. Reliance Jio was formed in 2019 and is based in Navi Mumbai, India. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 2009 |
| PE ASSETS | 22.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Northleaf Capital Partners is an asset management firm focused on private equity, private credit, and infrastructure investment opportunities. The Firm's private equity group looks to make fund, secondary, as well as direct investments. Within its direct investing practice, Northleaf will consider a variety of middle-market investment situations including growth capital financings, successions, consolidations, and other special situations. Northleaf Capital Partners was established in 2009 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-08 |
Douglas Terminals
Gent, Belgium Douglas Terminals is a 557,000-cubic metre liquid bulk storage terminal. The facility consists of 17 high-quality tanks currently used for the storage of jet fuel, gasoil, diesel and biodiesel. Douglas Terminals is based in Gent, Belgium. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-23 |
Quickline
Willerby, United Kingdom Quickline is a provider of fixed wireless broadband in the UK. Quickline has been actively working with Broadband Delivery UK ('BDUK'), a government-backed scheme designed to support the roll-out of high-speed broadband in areas of the UK which are not eligible for mainstream fibre or network connections. Quickline was founded in 2008 and is based in Willerby, United Kingdom. |
Buy | - |
