M&A Deal Summary |
|
|---|---|
| Date | 2006-08-23 |
| Target | Travelport |
| Sector | Information Technology |
| Buyer(s) |
TCV
The Blackstone Group One Equity Partners |
| Sellers(s) | Cendant |
| Deal Type | Divestiture |
| Deal Value | 4.3B USD |
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Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $30 and $300 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 81 |
| Sector (Information Technology) | 5 of 8 |
| Type (Divestiture) | 1 of 2 |
| Country (United Kingdom) | 1 of 4 |
| Year (2006) | 9 of 9 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-02 |
Onyx Software
Bellevue, Washington, United States Worldwide leader in delivering successful CRM through three role-specific, Web services-based portals. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-10-19 |
ExlService Holdings
New York, New York, United States ExlService Holdings is a business process solutions company that looks deeper to drive business impact through integrated services and industry knowledge. EXL provides operations management, decision analytics and technology platforms to organizations in insurance, healthcare, banking and financial services, utilities, travel, and transportation and logistics, among others. ExlService Holdings was incorporated in 1999 and is based in New York, New York. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 101 of 319 |
| Sector (Information Technology) | 3 of 20 |
| Type (Divestiture) | 8 of 32 |
| Country (United Kingdom) | 8 of 26 |
| Year (2006) | 11 of 16 |
| Size (of disclosed) | 29 of 167 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-15 |
GoldToe-Moretz
Newton, New York, United States Gold Toe-Moretz manufactures a broad portfolio of branded, licensed and private-label socks. Two of the hosiery industry’s leading companies, Gold Toe Investment Corp. and Moretz Inc., will combine in a transaction announced today, creating one of the largest global sock companies. |
Buy | $466M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-09-14 |
FreeScale Semiconductor
Austin, Texas, United States Freescale Semiconductor, Inc. is a designer and manufacturer of embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets. FreeScale designs, researches and development, manufacturing or sales operations in more than 30 countries. |
Buy | $17.6B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 122 |
| Sector (Information Technology) | 2 of 25 |
| Type (Divestiture) | 4 of 26 |
| Country (United Kingdom) | 1 of 9 |
| Year (2006) | 3 of 4 |
| Size (of disclosed) | 1 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-06-19 |
Progress Rail
Albertville, Alabama, United States Progress Rail is a provider of rail and transit products and services throughout North America. |
Sell | $1.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-11-15 |
Expert Global Solutions
Horsham, Pennsylvania, United States Expert Global Solutions, Inc. provides business process outsourcing (BPO) solutions to a diversified client base. Expert Global Solutions’s services include accounts receivables management and customer relationship management. Expert Global is based in Horsham, Pennsylvania. |
Buy | - |
Cendant Corp. was a collection of business and consumer services companies. Cendant was formed in 1998 between the merger of Hospitality Franchise Systems and CUC International.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 8 |
| Sector (Information Technology) | 1 of 1 |
| Type (Divestiture) | 4 of 5 |
| Country (United Kingdom) | 3 of 3 |
| Year (2006) | 3 of 3 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-31 |
Anywhere Real Estate
Madison, New Jersey, United States Anywhere Real Estate is a consumer services company offering retail brokerage and relocation services. Its brands include Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sothebys International Realty, and Better Homes and Gardens Real Estate. Anywhere Real Estate is headquartered in Madison, New Jersey. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-01-01 |
Jackson Hewitt Tax Service
Parsippany, New Jersey, United States Jackson Hewitt Tax Service Inc. is an innovator in the tax industry, with a mission to provide its hard-working clients access to simple, low-cost solutions to manage their taxes and tax refunds. Jackson Hewitt is devoted to helping clients get ahead with Maximum Refund and 100% Accuracy Guarantees. With close to 6,000 franchised and company-owned locations, including 3,000 in Walmart stores, and online and mobile tax solutions, Jackson Hewitt makes it convenient for clients to file their taxes. |
Sell | - |
