StepStone Private Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, StepStone Private Equity has acquired 1 company.

StepStone Private Equity’s most common sectors for investment arebusiness services (17%) and communications (17%) . The Firm’s most common investment types include growth capital (34%) and secondary buyout (34%). In total, StepStone Private Equity has invested in 3 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2014 when it acquired DivX for $75M.

In the last 3 years, StepStone Private Equity has exited 1 company. The Firm’s most common exit type is trade sale (100%). StepStone Private Equity’s largest (disclosed) exit occurred in 2015 when it sold DivX for $63M.

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M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 6
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 7

StepStone Private Equity

StepStone Private Equity

450 Lexington Avenue, 31st Floor,
New York, New York 10017
United States
(212) 351-6100
www.stepstonegroup.com/what-we-do/strategies/direct-investments/

StepStone Private Equity is the private equity arm of StepStone Global, a global alternative investment and asset management firm. StepStone Private Equity manages and makes fund investments as well as co-invests in direct opportunities spanning buyout, venture, distressed, private debt, and energy. StepStone Private Equity is based in La Jolla, California.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Distribution, Information Technology, Machinery, Manufacturing, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Special Situations/Distressed, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Africa, Asia/Pacific, Australia/New Zealand, Central Asia/India

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 4 1 - - 1 - 6
vol $75M $75M
Sell (0.2/yr) # 2 - 1 - - - 3
vol $63M $63M
  9

Most Recent M&A

Company Date Value Type
a&o hostels Marketing GmbH 2023-11-10 - Secondary Buyout
Berlin, Germany · www.aohostels.com
Strata Fund Solutions LLC 2021-01-12 - Trade Sale
Salt Lake City, Utah · www.stratafs.com
Waterlogic International 2020-01-28 - Secondary Buyout
Berkshire, United Kingdom · www.waterlogic.com
Strata Fund Solutions LLC 2018-09-06 - Growth Capital
Salt Lake City, Utah · www.stratafs.com
DivX, Inc. 2015-01-30 63M USD Trade Sale
San Diego, California · www.divx.com
Ruby Receptionists, Inc. 2015-01-06 - Growth Capital
Portland, Oregon · www.callruby.com
DivX, Inc. 2014-03-31 75M USD Divestiture
San Diego, California · www.divx.com
IdenTrust, Inc. 2014-01-17 - Trade Sale
San Francisco, California · www.identrust.com
IdenTrust, Inc. 2013-09-25 - Buyout (LBO, MBO, MBI)
San Francisco, California · www.identrust.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Waterlogic International 2020-01-28 QWS Holding LLC 2021-07-13 18
Berkshire, United Kingdom · www.waterlogic.com Guaynabo, Puerto Rico · www.qualitywaterpr.com
Waterlogic International 2020-01-28 Tipperary Pure Irish Water 2020-10-21 17
Berkshire, United Kingdom · www.waterlogic.com Dublin, Ireland · www.tipperarywater.ie

M&A by Sector

Sector Current # Value All-time # Value
Digital Media - - 1 (17%) 75M (100%)
Business Services - - 1 (17%) -
Communications 1 (33%) - 1 (17%) -
Internet Software and Services - - 1 (17%) -
Leisure 1 (33%) - 1 (17%) -
Utilities 1 (33%) - 1 (17%) -
Total 3 - 6 $75M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 1 (33%) - 4 (67%) 75M (100%)
  California - - 2 (33%) 75M (100%)
  Oregon 1 (33%) - 1 (17%) -
  Utah - - 1 (17%) -
United Kingdom 1 (33%) - 1 (17%) -
Germany 1 (33%) - 1 (17%) -
Total 3 - 6 $75M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 1 (33%) - 2 (33%) -
Secondary Buyout 2 (67%) - 2 (33%) -
Divestiture - - 1 (17%) 75M (100%)
Buyout (LBO, MBO, MBI) - - 1 (17%) -
Total 3 - 6 $75M

Exits by Deal Type

Type Total # Value
Trade Sale 2 (67%) -
Trade Sale - Public Company 1 (33%) 63M (100%)
Total 3 $63M

Deal Values

buy # Total
< $100M 1 $75M
TOTAL $75M
Largest DivX, Inc.
$75M (2014-03-31)
sell # Total
< $100M 1 $63M
TOTAL $63M
Largest DivX, Inc.
$63M (2015-01-30)

M&A Connections

Deals
Acquired from
Investor(s)
33%
2 (33%)
Strategic(s)
17%
1 (17%)
Exited to
Strategic(s)
100%
3 (100%)

FAQ

When was StepStone Private Equity founded?

StepStone Private Equity was founded in 2007.

What type of investor is StepStone Private Equity?

StepStone Private Equity is a private equity firm.

Where is StepStone Private Equity headquartered?

StepStone Private Equity is headquartered in New York, New York.

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