M&A Deal Summary

Koch Industries Acquires Infor Global Solutions

On February 4, 2020, Koch Industries, Inc. acquired information technology company Infor Global Solutions, Inc. from Parallax Capital Partners, Golden Gate Capital and Summit Partners for 13.0B USD

Acquisition Highlights
  • This is Koch Industries’ 1st transaction in the Information Technology sector.
  • This is Koch Industries’ 2nd largest (disclosed) transaction.
  • This is Koch Industries’ 7th transaction in the United States.
  • This is Koch Industries’ 2nd transaction in New York.

M&A Deal Summary

Date 2020-02-04
Target Infor Global Solutions, Inc.
Sector Information Technology
Buyer(s) Koch Industries, Inc.
Sellers(s) Parallax Capital Partners
Golden Gate Capital
Summit Partners
Deal Type Add-on Acquisition
Deal Value 13.0B USD

Target

Infor Global Solutions, Inc.

New York, New York, United States
website
Infor Global Solutions, Inc. is a global provider of enterprise business solutions to select manufacturing and distribution industries. Infor Global Solutions, Inc. was formed in 2002 and is based in New York City.

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Buyer(S) 1

Buyer

Koch Industries, Inc.

Wichita, Kansas, United States

website


Category Company
Founded 1940
SectorManufacturing
Employees60,000
Revenue 115.0B USD (2012)
DESCRIPTION

Koch Industries, Inc., owns a diverse group of companies engaged in refining and chemicals; fibers and polymers; commodity and financial trading; and forest and consumer products.


DEAL STATS #
Overall 8 of 12
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 7 of 10
State (New York) 2 of 2
Country (United States) 7 of 10
Year (2020) 1 of 3
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Guardian Industries Corp.

Auburn HIlls, Michigan, United States

Guardian Industries Corp. is a manufacturer and supplier of float glass, fabricated glass products, fiberglass insulation products, and other building materials for commercial, residential, and automotive markets worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-26 Sentient Energy, Inc.

Frisco, Texas, United States

Sentient Energy makes power delivery safe, reliable, and solar-ready worldwide. The company provides Grid Analytics System that covers the entire distribution network with innovative, quickly deployed intelligent sensors and analytics that identify and analyze potential faults and other grid events. Sentient Energy has a network of line sensor deployments in North America, and partnerships with leading utility network providers including Itron, Landis + Gyr, AT&T, Verizon, Telus, and Bell Canada. Sentient Energy was formed in 2009 and is based in Frisco, Texas.

Buy -

Seller(S) 3

SELLER

Parallax Capital Partners

Laguna Hills, California, United States

Investor Investor

website


Category Private Equity Firm
Founded 1999
SizeMiddle-Market
Type Sector Focused
DESCRIPTION

Parallax Capital Partners is a private equity firm focused on acquiring middle-market software and related technology companies. Prospective transactions include corporate divestitures, take privates, management buyouts, private company acquisitions, and recapitalizations. Target companies typically have $5 to $100 million in revenue and offer mission-critical products or services. Parallax will consider opportunities in North and South America, Europe, or Asia. Parallax Capital Partners was formed in 1999 and is based in Laguna Hills, California.


DEAL STATS #
Overall 10 of 11
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 8 of 9
State (New York) 1 of 2
Country (United States) 9 of 10
Year (2020) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 Bunchball, Inc.

Redwood City, California, United States

Bunchball, Inc. is a cloud-based platform to integrate game mechanics into non-game digital experiences.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 erwin, Inc.

Melville, New York, United States

erwin, Inc. is a data modeling solutions software that helps organizations promote strong data governance and derive maximum value from their data-driven initiatives. erwin was established in 2016 and is based in Melville, New York.

Sell -
SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 15.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 66 of 77
Sector (Information Technology) 6 of 6
Type (Add-on Acquisition) 30 of 35
State (New York) 2 of 3
Country (United States) 59 of 69
Year (2020) 1 of 6
Size (of disclosed) 1 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Clover Imaging Group

Hoffman Estates, Illinois, United States

Clover Imaging Group is a designer, manufacturer, and distributor of compatible consumable imaging supplies including laser toner cartridges, inkjet cartridges, laser fax cartridges, copier toner cartridges, printer ribbons, thermal transfer fax ribbons, and other consumable imaging supplies. Clover Imaging Group was established in 1996 and is based in Hoffman Estates, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-23 Ascena Retail Group, Inc.

Mahwah, New Jersey, United States

Ascena Retail Group is a specialty retailer of apparel for women and tween girls, operating, through its wholly-owned subsidiaries Maurices, Justice, Lane Bryant, and Catherines brands. The Company was established in 1962 and is based in Mahwah, New Jersey.

Sell -
SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 19.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private equity and venture capital firm with offices in Boston, Palo Alto, and London. Summit looks for businesses operating in growth industries. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984.


DEAL STATS #
Overall 243 of 270
Sector (Information Technology) 20 of 20
Type (Add-on Acquisition) 109 of 122
State (New York) 10 of 11
Country (United States) 217 of 236
Year (2020) 1 of 7
Size (of disclosed) 1 of 48
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 eClinical Solutions LLC

Mansfield, Massachusetts, United States

eClinical Solutions is a provider of cloud-based enterprise software and software-driven clinical data services. The elluminate platform provides life sciences companies with greater control of their clinical trial data. Elluminate software and data-driven services have been used by more than 100 life sciences companies on more than 500 trials. eClinical Solutions was founded in 2006 and is based in Mansfield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-01 Trident University International

Cypress, California, United States

Trident University is a regionally accredited, online university. Its technology-enabled online learning model and solutions provide a convenient, cost-effective and high-quality education with programs that lead to bachelor’s, master’s and doctoral degrees. Trident University was founded in 1998 and is based in Cypress, California.

Sell -