M&A Deal Summary

Advent Morro Equity Partners, Integral Capital Partners, Monitor Clipper Partners, Bain Capital Private Equity, TA Associates, Silver Lake and Advent International Acquire Datek Online Holdings

On December 1, 2000, private equity firm Advent Morro Equity Partners, venture capital firm Integral Capital Partners, private equity firm Monitor Clipper Partners, private equity firm Bain Capital Private Equity, private equity firm TA Associates, private equity firm Silver Lake and private equity firm Advent International acquired financial services company Datek Online Holdings for 700M USD

Acquisition Highlights
  • This is Advent Morro Equity Partners’ 1st, Integral Capital Partners’ 1st, Monitor Clipper Partners’ 1st, Bain Capital Private Equity’s 1st, TA Associates’ 13th, Silver Lake’s 1st and Advent International’s 5th transaction in the Financial Services sector.
  • This is Advent Morro Equity Partners’ 2nd, Integral Capital Partners’ 6th, Monitor Clipper Partners’ , Bain Capital Private Equity’s 54th, TA Associates’ 6th, Silver Lake’s 24th and Advent International’s 26th largest (disclosed) transaction.
  • This is Advent Morro Equity Partners’ 4th, Integral Capital Partners’ 12th, Monitor Clipper Partners’ 9th, Bain Capital Private Equity’s 16th, TA Associates’ 90th, Silver Lake’s 4th and Advent International’s 30th transaction in the United States.
  • This is Advent Morro Equity Partners’ 2nd, Integral Capital Partners’ 1st, Monitor Clipper Partners’ 2nd, Bain Capital Private Equity’s 1st, TA Associates’ 4th, Silver Lake’s 1st and Advent International’s 2nd transaction in New Jersey.
Investment Fate
  • Datek Online Holdings was sold to a publicly-traded strategic buyer in 2002 for 1.3B USD.

M&A Deal Summary

Date 2000-12-01
Target Datek Online Holdings
Sector Financial Services
Buyer(s) Advent Morro Equity Partners
Integral Capital Partners
Monitor Clipper Partners
Bain Capital Private Equity
TA Associates
Silver Lake
Advent International
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 700M USD

Target

Datek Online Holdings

Iselin, New Jersey, United States
Established in 1998, privately held Datek Online Holdings Corp. is one of the fastest-growing financial services companies in the United States and through affiliates provides swift access to financial services through innovative technology. The Company’s primary businesses are Datek Online Brokerage Services LLC, a pioneer in the online brokerage industry; iClearing LLC, a securities clearing operation; and Watcher Technologies, a provider of cutting-edge trading systems for the professional trading industry.

Search 192,510 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 7

Buyer
DESCRIPTION

Advent Morro Equity Partners is a private equity firm focused on opportunities connected to Puerto Rico. The FIrm invests in companies operating in Puerto Rico, Puerto Rican companies expanding into the US, and established US-based companies whose products or services target the US hispanic market. Advent Morro’s seeks to team with management teams looking for capital to accelerate growth organically or through acquisitions. The Firm looks to invest $5 to $10 million in companies with annual revenues between $5 and $20 million. Sectors of interest include healthcare, hospitality, telecommunications, software-development, distribution, education and medical insurance. The Firm will consider a variety of investment situations, including MBOs, corporate divestitures, turnarounds, recapitalization of family owned businesses, and industry consolidation. Advent Morro Equity Partners was formed 1989 and is based in San Juan.


DEAL STATS #
Overall 6 of 22
Sector (Financial Services) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (New Jersey) 2 of 2
Country (United States) 4 of 11
Year (2000) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Integration Technologies

San Juan, Puerto Rico

Integration Technologies is a networking and voice-system integrators in Puerto Rico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-09 Datek Online Holdings

Iselin, New Jersey, United States

Established in 1998, privately held Datek Online Holdings Corp. is one of the fastest-growing financial services companies in the United States and through affiliates provides swift access to financial services through innovative technology. The Company’s primary businesses are Datek Online Brokerage Services LLC, a pioneer in the online brokerage industry; iClearing LLC, a securities clearing operation; and Watcher Technologies, a provider of cutting-edge trading systems for the professional trading industry.

Sell $1.3B
Buyer

Integral Capital Partners

Menlo Park, California, United States

Investor

website


Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.


DEAL STATS #
Overall 13 of 35
Sector (Financial Services) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 5 of 6
State (New Jersey) 1 of 1
Country (United States) 12 of 33
Year (2000) 9 of 9
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-05 Edmark

Redmond, Washington, United States

Edmark Corporation was a publisher of educational print materials and an educational software developer in Redmond, Washington.[1] They developed software for Microsoft Windows and Mac OS in several languages and sold it in over a dozen countries.[1]

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-07 Corsair Communications

Milpitas, California, United States

Corsair Communications is a global brand of high-performance computer peripherals and hardware-focused on the high-growth PC gamer market. Corsair’s product range includes overclocked memory, power supplies, cases, liquid cooling systems, case fans, keyboards, mice, headsets, mousepads, gaming chairs, and complete gaming systems. Corsair sells in 75 countries worldwide through leading retailers, e-tailers, distributors. Corsair Communications was founded in 1994 and is based in Milpitas, California.

Sell -
DESCRIPTION

Monitor Clipper Partners (MCP) is a private equity group formed by consulting firm The Monitor Group and private equity firm The Clipper Group. MCP targets private equity investments in middle-market companies in North America and Western Europe and looks to commit $10 to $70 million of equity per transaction. MCP does not focus on any particular sector but current portfolio companies suggest an interest in business services, natural/organic foods, specialty retail, health care services, gaming, logistics, mortgage technology, marketing services, financial services and metals. The Firm will consider both control and minority positions. Monitor Clipper Partners was formed in 1998 and is based in Cambridge, Massachusetts with additional offices in Zurich, Switzerland, Toronto, Canada, Luxembourg and London, United Kingdom.


DEAL STATS #
Overall 10 of 41
Sector (Financial Services) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 6 of 18
State (New Jersey) 2 of 4
Country (United States) 9 of 33
Year (2000) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-01 TravelCenters of America

Westlake, Ohio, United States

TravelCenters of America is a full-service travel center network operating TA, Petro Stopping Centers, and TA Express brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists. It operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet and Country Pride. TravelCenters of America was founded in 1972 and is based in Westlake, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-25 Technal SA

France

Technal, S.A., the leading aluminum building systems company in France, with operations also in England, Spain and Portugal. The company designs, extrudes, finishes and distributes aluminum building systems, including window systems, doors, curtain walls, conservatories, shop fronts and partitions, to over 3,000 customers.

Sell -
Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 17 of 227
Sector (Financial Services) 1 of 7
Type (Buyout (LBO, MBO, MBI)) 7 of 50
State (New Jersey) 1 of 7
Country (United States) 16 of 120
Year (2000) 6 of 7
Size (of disclosed) 54 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-17 Dic Entertainment

Burbank, California, United States

Entertainment Company with one of strongest children's animation libraries worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-08 K B Toys

Pittsfield, Massachusetts, United States

K B Toys Inc. is a specialty retailer throughout the US focused on toys and merchandise for young adults. The Company was formed in 1922 and is headquartered in Pittsfield, Massachusetts.

Buy $300M
Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 95 of 360
Sector (Financial Services) 13 of 51
Type (Buyout (LBO, MBO, MBI)) 43 of 71
State (New Jersey) 4 of 8
Country (United States) 90 of 261
Year (2000) 9 of 9
Size (of disclosed) 6 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-20 IPG Photonics

Oxford, Massachusetts, United States

IPG Photonics is a developer and manufacturer of diode-pumped high performance fiber lasers and amplifiers that enable a growing number of applications, including materials processing, medical, aerospace, medical and others. IPG's products are cost-effective and superior in performance, reliability and energy efficiency because of IPG's proprietary technology platform, materials science expertise and vertically integrated manufacturing operations. IPG Photonics was founded in 1990 and is based in Oxford, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-18 AXENT Technologies

Rockville, Maryland, United States

AXENT Technologies, Inc. is a supplier of network-based security software, principally focused on the Intranet.

Sell $975M
Buyer

Silver Lake

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 102.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 5 of 126
Sector (Financial Services) 1 of 11
Type (Buyout (LBO, MBO, MBI)) 2 of 12
State (New Jersey) 1 of 3
Country (United States) 4 of 86
Year (2000) 4 of 4
Size (of disclosed) 24 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-26 Xoriant

Sunnyvale, California, United States

Xoriant is a digital product engineering, software development, and technology services firm that delivers innovative solutions, accelerating time to market and ensuring client's competitiveness in industries like BFSI, high tech, healthcare, pharma, industrial manufacturing, retail, telecommunications, and automotive. Across all its technology focus areas – digital product engineering, DevOps, cloud, infrastructure and security, big data and analytics, data engineering, management, and governance, and IoT – every solution the company develops benefits from the product engineering pedigree. Xoriant was formed in 1990 and is based in Sunnyvale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 SubmitOrder.com

Dublin, Ohio, United States

SubmitOrder.com, Inc. provided a scalable e-fulfillment model to retailers for the mail order and e-commerce arms of major retailers, pure play virtual stores and manufacturers who are preparing to launch their e-commerce business or who are currently doing business on the Web.

Sell -
Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 78 of 330
Sector (Financial Services) 5 of 30
Type (Buyout (LBO, MBO, MBI)) 52 of 146
State (New Jersey) 2 of 4
Country (United States) 30 of 100
Year (2000) 15 of 15
Size (of disclosed) 26 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-01 Brewery Holdings

Bucharest, Romania

Brewery Holdings Ltd. is a beer brewer and distributor.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-30 Thermocoax

Suresnes, France

Thermocoax is a manufacturer of customised thermal solutions and temperature measurement systems based on mineral insulated cable technology. Thermocoax was founded in 1957 and is based in Suresnes, France.

Sell -