Siris Capital Group Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Siris Capital Group has acquired 3 companies. It has also invested in 1 other.

Siris Capital Group’s most common sectors for investment areinformation technology (30%) and internet software and services (20%) . The Firm’s most common investment types include going private (50%) and divestiture (15%). In total, Siris Capital Group has invested in 10 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2018 when it acquired Travelport Worldwide for $4.4B.

In the last 3 years, Siris Capital Group has exited 3 companies. The Firm’s most common exit type is trade sale (89%). Siris Capital Group’s largest (disclosed) exit occurred in 2018 when it sold Polycom for $2.0B.

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M&A Summary

  • M&A Total Activity29
    • M&A Buy Activity20
    • M&A Sell Activity9
  • Total Sectors Invested 7
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 22
  • M&A Advisors 19

Siris Capital Group

825 Third Avenue Suite 2850,
New York, New York 10022
United States
www.siriscapital.com
info@siriscapital.com

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $250 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.


Investment Criteria

Sectors of Interest: Communications, E-Commerce, Healthcare Services, Information Technology, Infrastructure, Internet Software and Services, Safety/Security, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Special Situations/Distressed, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 250 2,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 16 - 2 - 1 1 20
vol $16.1B $1.0B $17.1B
Sell (0.8/yr) # 5 1 2 1 - - 9
vol $3.5B $225M $3.7B
  29

Most Recent M&A

Company Date Value Type
Gigamon, Inc. 2024-02-22 - Growth Capital
Santa Clara, California · www.gigamon.com
BearCom Group, Inc. 2023-11-27 - Secondary Buyout
Garland, Texas · www.bearcom.com
Stratus Technologies, Inc. 2022-06-29 225M USD Trade Sale
Maynard, Massachusetts · www.stratus.com
Transaction Network Services, Inc. 2021-06-01 - Trade Sale
Reston, Virginia · www.tnsi.com
Equiniti Group Plc 2021-05-27 1.0B GBP Going Private
West Sussex, United Kingdom · www.equiniti.com
Constant Contact, Inc. 2021-02-10 - Divestiture
Waltham, Massachusetts · www.constantcontact.com
VTX Telecom AG 2021-01-21 - Trade Sale
Pully, Switzerland · www.vtx.ch
Pulse Secure LLC 2020-09-28 - Trade Sale
San Jose, California · www.pulsesecure.net
U.S. TelePacific Corp. 2019-08-19 - Secondary Buyout
Austin, Texas · www.tpx.com
Electronics for Imaging, Inc. 2019-04-15 1.7B USD Going Private
Londonderry, New Hampshire · www.efi.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Electronics for Imaging, Inc. 2019-04-15 Fiery LLC 2024-09-18 3
Londonderry, New Hampshire · www.efi.com Fremont, California · www.fiery.com
Travelport Worldwide Ltd. 2018-12-10 Deem, Inc. 2023-03-10 1
Langley, United Kingdom · www.travelport.com Oakland, California · www.deem.com
Electronics for Imaging, Inc. 2019-04-15 EPS US LLC 2022-01-05 2
Londonderry, New Hampshire · www.efi.com Pittsburgh, Pennsylvania · www.eproductivitysoftware.com
U.S. TelePacific Corp. 2019-08-19 U.S. TelePacific Corp. - Fixed Wireless Network Assets 2020-10-09 1
Austin, Texas · www.tpx.com Los Angeles, California
Web.com Group, Inc. 2018-06-21 WebCentral Pty Ltd. 2020-07-13 3
Jacksonville, Florida · www.web.com Sydney, Australia · www.webcentral.com.au
Electronics for Imaging, Inc. 2019-04-15 Optitex Ltd. 2020-04-17 1
Londonderry, New Hampshire · www.efi.com New York, New York · www.optitex.com
Web.com Group, Inc. 2018-06-21 Web.com Group, Inc. - Enterprise Business 2020-02-27 3
Jacksonville, Florida · www.web.com Jacksonville, Florida
Travelport Worldwide Ltd. 2018-12-10 eNett International (Singapore) Pte. Ltd. 2020-01-24 1
Langley, United Kingdom · www.travelport.com , Singapore · www.enett.com
Web.com Group, Inc. 2018-06-21 TORCHx 2019-04-23 2
Jacksonville, Florida · www.web.com , United States · www.torchx.com
Web.com Group, Inc. 2018-06-21 Lighthouse 360 2019-03-18 1
Jacksonville, Florida · www.web.com Sugar Hill, Georgia · www.lh360.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 3 (30%) 4.4B (44%) 6 (30%) 7.0B (41%)
Internet Software and Services 3 (30%) 2.8B (28%) 4 (20%) 3.8B (22%)
Software - - 3 (15%) 2.1B (12%)
Communications 1 (10%) - 3 (15%) 1.4B (8%)
Technology Hardware 1 (10%) 1.7B (17%) 2 (10%) 1.7B (10%)
Financial Services 1 (10%) 1.0B (10%) 1 (5%) 1.0B (6%)
Electronics 1 (10%) - 1 (5%) -
Total 10 $10.0B 20 $17.1B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (80%) 4.5B (46%) 18 (90%) 11.7B (68%)
  California 1 (10%) - 4 (20%) 2.0B (12%)
  Massachusetts 1 (10%) - 4 (20%) 1.5B (9%)
  Texas 3 (30%) - 3 (15%) -
  Florida 1 (10%) 2.0B (20%) 1 (5%) 2.0B (12%)
  New Hampshire 1 (10%) 1.7B (17%) 1 (5%) 1.7B (10%)
  Minnesota 1 (10%) 840M (8%) 1 (5%) 840M (5%)
  New York - - 1 (5%) 1.0B (6%)
  Georgia - - 1 (5%) 1.0B (6%)
  Virginia - - 1 (5%) 862M (5%)
  North Carolina - - 1 (5%) 780M (5%)
United Kingdom 2 (20%) 5.4B (54%) 2 (10%) 5.4B (32%)
Domestic 8 (80%) 4.5B (46%) 18 (90%) 11.7B (68%)
Cross-border 2 (20%) 5.4B (54%) 2 (10%) 5.4B (32%)
Total 10 $10.0B 20 $17.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Going Private 5 (50%) 10.0B (100%) 10 (50%) 13.8B (80%)
Divestiture 1 (10%) - 3 (15%) 1.0B (6%)
Secondary Buyout 2 (20%) - 3 (15%) 352M (2%)
Buyout (LBO, MBO, MBI) - - 1 (5%) 2.0B (12%)
Consolidation 1 (10%) - 1 (5%) -
Growth Capital 1 (10%) - 1 (5%) -
Stake Purchase - - 1 (5%) -
Total 10 $10.0B 20 $17.1B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 5 (56%) 3.7B (100%)
Trade Sale 3 (33%) -
Merger 1 (11%) -
Total 9 $3.7B

Top M&A Advisors

Financial Deals
Macquarie Capital
 7
RBC Capital Markets
 4
Evercore Group
 4
Legal Deals
Sidley
 5
Wachtell, Lipton, Rosen & Katz
 3
Kirkland & Ellis
 3

Deal Values

buy # Total
> $1B 7 $13.1B
$100M to $1B 6 $4.0B
TOTAL $17.1B
Largest Travelport Worldwide Ltd.
$4.4B (2018-12-10)
sell # Total
> $1B 2 $3.5B
$100M to $1B 1 $225M
TOTAL $3.7B
Largest Polycom, Inc.
$2.0B (2018-03-28)

M&A Connections

Deals
Acquired from
Investor(s)
15%
3 (15%)
Strategic(s)
15%
3 (15%)
Exited to
Strategic(s)
100%
9 (100%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

2.4B USD

Established

2011

Specialist/Generalist

Generalist

Leadership

Frank Baker

Co-Founder & Managing Partner

Jeffrey Hendren

Co-Founder & Managing Partner

Peter Berger

Co-Founder & Managing Partner

Bret Griess

Executive Partner

Hubert de Pesquidoux

Executive Partner

FAQ

When was Siris Capital Group founded?

Siris Capital Group was founded in 2011.

What type of investor is Siris Capital Group?

Siris Capital Group is a private equity firm.

Where is Siris Capital Group headquartered?

Siris Capital Group is headquartered in New York, New York.

How much capital does Siris Capital Group have under management?

Siris Capital Group has 2.4B USD under management.

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