M&A Deal Summary

Siris Capital Group and Morgan Stanley Capital Partners Acquires Web.com Group

On June 21, 2018, private equity firms Siris Capital Group and Morgan Stanley Capital Partners acquired internet software and services company Web.com Group, Inc. for 2.0B USD

Acquisition Highlights
  • This is Siris Capital Group’s 3rd and Morgan Stanley Capital Partners’ 4th transaction in the Internet Software and Services sector.
  • This is Siris Capital Group’s 3rd and Morgan Stanley Capital Partners’ 1st largest (disclosed) transaction.
  • This is Siris Capital Group’s 12th and Morgan Stanley Capital Partners’ 31st transaction in the United States.
  • This is Siris Capital Group’s 1st and Morgan Stanley Capital Partners’ 2nd transaction in Florida.

M&A Deal Summary

Date 2018-06-21
Target Web.com Group, Inc.
Sector Internet Software and Services
Buyer(s) Siris Capital Group
Morgan Stanley Capital Partners
Deal Type Going Private
Deal Value 2.0B USD
Advisor(s) Bank of America Merrill Lynch (BofA Securities)
J.P. Morgan Securities LLC (Financial)
Cooley LLP (Legal)

Target

Web.com Group, Inc.

Jacksonville, Florida, United States
website
Web.com Group, Inc. is a provider of website building tools, services, and internet solutions. The company offers a comprehensive suite of website design, customer support, and technology platforms tailored to the needs of the small and medium-sized businesses. Additionally,Web.com Group partners with enterprise companies to help these partners build stronger, more profitable relationships with their business customers. The company was incorporated in 1997 and is headquartered in Jacksonville, Florida.

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Buyer(S) 2

Buyer

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2011
PE ASSETS 2.4B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 12 of 16
Sector (Internet Software and Services) 3 of 4
Type (Going Private) 7 of 9
State (Florida) 1 of 1
Country (United States) 12 of 15
Year (2018) 2 of 3
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-28 Polycom, Inc.

San Jose, California, United States

Polycom, Inc. is a provider in open standards-based unified communications and collaboration (UC&C) solutions for voice and video collaboration. Polycom solutions are powered by the Polycom RealPresence Platform, comprehensive software infrastructure and rich APIs that interoperate with the broadest set of communication, business, mobile and cloud applications and devices to deliver secure face-to-face video collaboration in any environment. Polycom was formed in 1990 and is based in San Jose, California.

Sell $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 IntraLinks Holdings, Inc.

New York City, New York, United States

IntraLinks Holdings, Inc. is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $31.3 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology.

Sell $1.5B
Buyer

Morgan Stanley Capital Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
SizeLarge
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.


DEAL STATS #
Overall 39 of 56
Sector (Internet Software and Services) 4 of 5
Type (Going Private) 2 of 2
State (Florida) 2 of 4
Country (United States) 31 of 48
Year (2018) 8 of 11
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Comar LLC

Voorhees, New Jersey, United States

Comar LLC is a designer and manufacturer of rigid plastic solutions, serving the Medical, Pharmaceutical, Consumer Healthcare, Personal & Home Care, Food & Beverage, and other niche markets. We have a longstanding reputation for developing creative, industry-compliant packaging and dispensing solutions for customers who count on us for quality driven engineering and manufacturing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-20 Catalyst Energy Services LLC

Midland, Texas, United States

Catalyst Energy Services LLC is a provider of pressure pumping and other complementary services to upstream producers in premier U.S. oil and gas basins.

Buy -