Susquehanna Growth Equity Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, Susquehanna Growth Equity has acquired 1 company. It has also invested in 15 others.

Susquehanna Growth Equity’s most common sectors for investment areinternet software and services (46%) and software (20%) . The Firm’s most common investment types include growth capital (59%) and venture (28%). In total, Susquehanna Growth Equity has invested in 21 US states and 7 different countries. Its largest (disclosed) acquisition occurred in 2023 when it acquired Qualtrics International for $12.5B.

In the last 3 years, Susquehanna Growth Equity has exited 10 companies. The Firm’s most common exit type is trade sale (64%). Susquehanna Growth Equity’s largest (disclosed) exit occurred in 2020 when it sold Credit Karma for $7.1B.

Join Mergr to view Susquehanna Growth Equity’s full profile and discover more middle-market growth capital firm investors just like it.

M&A Summary

  • M&A Total Activity102
    • M&A Buy Activity70
    • M&A Sell Activity32
  • Total Sectors Invested 12
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 40
  • M&A Advisors 2

Susquehanna Growth Equity

Susquehanna Growth Equity

401 City Avenue,
Bala Cynwyd, Pennsylvania 19004
United States
(610) 617-2600
www.sgep.com
info@sgep.com

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 $10 to $200 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.


Investment Criteria

Sectors of Interest: Aerospace, Business Services, Financial Services, Information Services, Information Technology, Internet Software and Services, Publishing, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Secondary Buyout, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Middle East

Transaction Criteria Min Max
Target Revenue 5 100
Target EBITDA - -
Investment Size 10 200
Enterprise Value 10 100
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.6/yr) # 52 2 11 4 1 - 70
vol $280M $12.5B $12.8B
Sell (3.0/yr) # 18 5 6 - 1 3 33
vol $787M $8.6B $950M $10.3B
  103

Most Recent M&A

Company Date Value Type
Evive Health LLC 2024-11-15 - Trade Sale
Chicago, Illinois · www.goevive.com
Realync Corp. 2024-09-26 - Trade Sale
Carmel, Indiana · www.realync.com
Board Intelligence Ltd. 2024-08-05 - Secondary Sale
London, United Kingdom · www.boardintelligence.com
Qualtrics International, Inc. 2023-03-12 12.5B USD Going Private
Provo, Utah · www.qualtrics.com
BoomTown ROI LLC 2023-01-20 - Trade Sale
Charleston, South Carolina · www.boomtownroi.com
ZenQMS LLC 2022-10-04 - Growth Capital
Ardmore, Pennsylvania · www.zenqms.com
Sievo 2022-09-19 - Growth Capital
Helsinki, Finland · www.sievo.com
Muck Rack 2022-09-07 - Venture
Miami, Florida · www.muckrack.com
Sparkplug Studios LLC 2022-03-16 - Growth Capital
Houston, Texas · www.tekmetric.com
Famly 2021-12-14 - Venture
Copenhagen, Denmark · www.famly.co
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
RLDatix Ltd. 2013-07-01 365 Response Ltd. 2022-02-09 14
Chicago, Illinois · www.rldatix.com Wakefield, United Kingdom · www.365response.org
HMP Global 2007-08-20 Senior Care Marketing & Sales Summit 2022-02-03 12
Malvern, Pennsylvania · www.hmpglobal.com Yonkers, New York · www.seniorcaremarketingsummit.com
RLDatix Ltd. 2013-07-01 Allocate Software plc 2021-06-28 13
Chicago, Illinois · www.rldatix.com Richmond, United Kingdom · www.allocatesoftware.com
HMP Global 2007-08-20 C4 Recovery Foundation - Addiction Education Events 2021-01-29 11
Malvern, Pennsylvania · www.hmpglobal.com Algonquin, Illinois
RLDatix Ltd. 2013-07-01 Verge Solutions LLC 2020-10-21 12
Chicago, Illinois · www.rldatix.com Mount Pleasant, South Carolina · www.vergehealth.com
RLDatix Ltd. 2013-07-01 Quantros Safety Suite 2019-10-07 11
Chicago, Illinois · www.rldatix.com Greenville, South Carolina
HMP Global 2007-08-20 The Evolution of Psychotherapy Conference 2019-10-01 10
Malvern, Pennsylvania · www.hmpglobal.com Phoenix, Arizona · www.evolutionofpsychotherapy.com
HMP Global 2007-08-20 Imedex LLC 2017-08-29 9
Malvern, Pennsylvania · www.hmpglobal.com Alpharetta, Georgia · www.imedex.com
HMP Global 2007-08-20 Southcomm Business Media, Inc. (EMS World Expo) 2017-02-17 8
Malvern, Pennsylvania · www.hmpglobal.com Fort Atkinson, Wisconsin · www.emsworldexpo.com
HMP Global 2007-08-20 The Consultant Print Group 2011-04-18 7
Malvern, Pennsylvania · www.hmpglobal.com Miami, Florida · www.theprintersconsultant.com

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 17 (49%) 12.5B (100%) 32 (46%) 12.8B (100%)
Information Technology 5 (14%) - 14 (20%) -
Software 7 (20%) - 14 (20%) -
Financial Services - - 2 (3%) -
Business Services 1 (3%) - 1 (1%) -
Education 1 (3%) - 1 (1%) -
Gaming 1 (3%) - 1 (1%) -
Information Services - - 1 (1%) -
Insurance 1 (3%) - 1 (1%) -
Media 1 (3%) - 1 (1%) -
Publishing 1 (3%) - 1 (1%) -
Transportation - - 1 (1%) -
Total 35 $12.5B 70 $12.8B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 25 (71%) 12.5B (100%) 53 (76%) 12.8B (100%)
  California 5 (14%) - 9 (13%) -
  New York 1 (3%) - 9 (13%) -
  Illinois 3 (9%) - 6 (9%) -
  Texas 4 (11%) - 5 (7%) -
  Pennsylvania 2 (6%) - 3 (4%) -
  District of Columbia 2 (6%) - 2 (3%) -
  Utah 1 (3%) 12.5B (100%) 2 (3%) 12.8B (100%)
  Colorado 1 (3%) - 2 (3%) -
  New Jersey - - 2 (3%) -
  Massachusetts - - 2 (3%) -
  Florida 1 (3%) - 1 (1%) -
  Virginia 1 (3%) - 1 (1%) -
  Tennessee 1 (3%) - 1 (1%) -
  New Hampshire 1 (3%) - 1 (1%) -
  Minnesota 1 (3%) - 1 (1%) -
  Kentucky 1 (3%) - 1 (1%) -
  Georgia - - 1 (1%) -
  Arizona - - 1 (1%) -
  South Carolina - - 1 (1%) -
  Ohio - - 1 (1%) -
  Indiana - - 1 (1%) -
Israel 4 (11%) - 5 (7%) -
United Kingdom 1 (3%) - 5 (7%) -
Canada 2 (6%) - 3 (4%) -
  British Columbia 1 (3%) - 2 (3%) -
  Quebec 1 (3%) - 1 (1%) -
Ireland 1 (3%) - 2 (3%) -
Denmark 1 (3%) - 1 (1%) -
Finland 1 (3%) - 1 (1%) -
Domestic 25 (71%) 12.5B (100%) 53 (76%) 12.8B (100%)
Cross-border 10 (29%) - 17 (24%) -
Total 35 $12.5B 70 $12.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 18 (51%) - 41 (59%) -
Venture 12 (34%) - 19 (27%) -
Secondary Buyout 2 (6%) - 4 (6%) 280M (2%)
Buyout (LBO, MBO, MBI) - - 2 (3%) -
Stake Purchase 2 (6%) - 2 (3%) -
Going Private 1 (3%) 12.5B (100%) 1 (1%) 12.5B (98%)
Divestiture - - 1 (1%) -
Total 35 $12.5B 70 $12.8B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 11 (33%) 10.1B (98%)
Trade Sale 11 (33%) -
Secondary Sale 8 (24%) 215M (2%)
IPO 1 (3%) -
SPAC 1 (3%) -
Unknown 1 (3%) -
Total 33 $10.3B

Top M&A Advisors

Legal Deals
Weil Gotshal & Manges
 1
Stikeman Elliott
 1

Deal Values

buy # Total
> $1B 1 $12.5B
$100M to $1B 1 $280M
TOTAL $12.8B
Largest Qualtrics International, Inc.
$12.5B (2023-03-12)
sell # Total
> $1B 2 $8.6B
$100M to $1B 4 $1.6B
< $100M 1 $100M
TOTAL $10.3B
Largest Credit Karma, Inc.
$7.1B (2020-02-24)

M&A Connections

Deals
Acquired from
Investor(s)
6%
4 (6%)
Strategic(s)
1%
1 (1%)
Exited to
Investor(s)
24%
8 (24%)
Strategic(s)
64%
21 (64%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Middle-Market

Established

2006

Specialist/Generalist

Generalist

Leadership

Amir Goldman

Founder

Ben Weinberg

Managing Director

Jonathan Klahr

Managing Director

Josh Elser

Managing Director

Scott Feldman

Managing Director

FAQ

When was Susquehanna Growth Equity founded?

Susquehanna Growth Equity was founded in 2006.

What type of investor is Susquehanna Growth Equity?

Susquehanna Growth Equity is a growth capital firm.

Where is Susquehanna Growth Equity headquartered?

Susquehanna Growth Equity is headquartered in Bala Cynwyd, Pennsylvania.

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