HarbourVest Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, HarbourVest Partners has acquired 12 companies. It has also invested in 1 other.

HarbourVest Partners’ most common sectors for investment aresoftware (13%) and information technology (12%) . The Firm’s most common investment types include secondary buyout (25%) and buyout (lbo, mbo, mbi) (18%). In total, HarbourVest Partners has invested in 30 US states and 30 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired Caesars Entertainment for $30.7B.

In the last 3 years, HarbourVest Partners has exited 19 companies. The Firm’s most common exit type is trade sale (44%). HarbourVest Partners’ largest (disclosed) exit occurred in 2023 when it sold Triton International for $13.3B.

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M&A Summary

  • M&A Total Activity345
    • M&A Buy Activity220
    • M&A Sell Activity125
  • Total Sectors Invested 46
  • Total Countries Invested 30
  • M&A Buy/Sell Connections 199
  • M&A Advisors 13

HarbourVest Partners

One Financial Center, 44th Floor,
Boston, Massachusetts 02111
United States
(617) 348-3707
www.harbourvest.com
usinfo@harbourvest.com

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Beverages, Building Materials, Business Services, Chemicals, Communications, Consumer Services, Digital Media, E-Commerce, Education, Energy Services and Equipment, Financial Services, Food, Gaming, Healthcare Services, Information Technology, Insurance, Internet Software and Services, Leisure, Life Science, Manufacturing, Marketing, Packaging, Restaurants, Retail, Safety/Security, Semiconductors, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Going Private, Growth Capital, Recapitalization, Secondary Buyout, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada, Western Europe, Eastern Europe, Asia/Pacific, Australia/New Zealand, Middle East

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 5 250
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (4.6/yr) # 197 10 13 - - - 220
vol $194.3B $3.8B $7.6B $205.8B
Sell (4.8/yr) # 102 5 8 5 5 1 126
vol $79.4B $500M $1.0B $13.7B $94.6B
  346

Most Recent M&A

Company Date Value Type
Mineral, Inc. 2024-01-09 - Trade Sale
Portland, Oregon · www.trustmineral.com
Laboratoire Equilibre Attitude 2023-11-22 - Trade Sale
Vallauris, France · www.ea-pharma.com
Horizon Telcom, Inc. 2023-10-24 385M USD Trade Sale
Columbus, Ohio · www.horizonconnects.com
Towne Park Ltd. 2023-07-05 - Secondary Sale
Annapolis, Maryland · www.townepark.com
Elatec GmbH 2023-05-30 - Secondary Sale
Puchheim, Germany · www.elatec-rfid.com
Triton International Ltd. 2023-04-12 13.3B USD Trade Sale
Hamilton, Bermuda · www.tritoninternational.com
Lucid Holdings LLC 2022-12-29 - Trade Sale
New Orleans, Louisiana · www.luc.id
Hermetic Solutions Group 2022-11-03 - Trade Sale
Trevose, Pennsylvania · www.hermeticsolutions.com
Mercury Healthcare, Inc. 2022-06-29 - Trade Sale
Denver, Colorado · www.mercuryhealthcare.com
MEDIFOX DAN GMBH 2022-06-14 1.0B USD Trade Sale
Hildesheim, Germany · www.medifoxdan.de
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Curia Global, Inc. 2017-06-06 Whitehouse Analytical Laboratories 2024-03-14 3
Albany, New York · www.curiaglobal.com Lebanon, New Jersey · www.whitehouselabs.com
HUB International Ltd. 2013-08-05 Gottschling - Book of Business 2024-01-05 419
Chicago, Illinois · www.hubinternational.com Vienna, Virginia
Risk Strategies Co., Inc. 2015-10-20 InterWest Insurance Services - Business Unit 2023-10-24 98
Boston, Massachusetts · www.risk-strategies.com , United States
Risk Strategies Co., Inc. 2015-10-20 First Insurance Group Ohio 2023-06-30 97
Boston, Massachusetts · www.risk-strategies.com Archbold, Ohio · www.firstinsurancegrp.com
Risk Strategies Co., Inc. 2015-10-20 Johnson Insurance Services LLC 2023-04-26 96
Boston, Massachusetts · www.risk-strategies.com , Wisconsin
Risk Strategies Co., Inc. 2015-10-20 Relation Education Services 2022-10-17 95
Boston, Massachusetts · www.risk-strategies.com Walnut Creek, California
HUB International Ltd. 2013-08-05 Quintes - Insurance Brokerage and Investment Advisory Businesses 2022-10-06 418
Chicago, Illinois · www.hubinternational.com Watsonville, California
Datavant Group 2014-10-31 Datavant Group - Curation Team 2022-08-24 1
Alpharetta, Georgia · www.datavant.com Alpharetta, Georgia
HUB International Ltd. 2013-08-05 Sandy Spring Insurance Corp. 2022-06-02 417
Chicago, Illinois · www.hubinternational.com Annapolis, Maryland · www.sandyspringbank.com/insurance/
HUB International Ltd. 2013-08-05 APEX Global Benefit Management System and Related Assets 2022-05-06 416
Chicago, Illinois · www.hubinternational.com , Illinois

M&A by Sector

Sector Current # Value All-time # Value
Software 9 (10%) 1.6B (3%) 27 (12%) 18.9B (9%)
Information Technology 8 (9%) 2.5B (4%) 25 (11%) 3.3B (2%)
Internet Software and Services 10 (11%) 3.0B (5%) 17 (8%) 3.2B (2%)
Financial Services 9 (10%) 5.0B (8%) 15 (7%) 15.9B (8%)
Communications 1 (1%) 402M (1%) 13 (6%) 3.6B (2%)
Healthcare Services 5 (6%) 10.6B (17%) 12 (5%) 13.5B (7%)
Insurance 6 (7%) 6.0B (10%) 11 (5%) 16.6B (8%)
Business Services 3 (3%) - 10 (5%) -
Life Science 3 (3%) 614M (1%) 8 (4%) 3.3B (2%)
Chemicals 3 (3%) 13.4B (22%) 6 (3%) 17.5B (8%)
Retail 3 (3%) 6.9B (11%) 5 (2%) 8.7B (4%)
Food 4 (4%) - 5 (2%) 5.3B (3%)
E-Commerce 2 (2%) 3.3B (5%) 4 (2%) 10.6B (5%)
Consumer Products 3 (3%) - 4 (2%) -
Consumer Services 3 (3%) - 4 (2%) -
Information Services 1 (1%) - 3 (1%) 12.7B (6%)
Leisure 1 (1%) - 3 (1%) 2.3B (1%)
Marketing 2 (2%) 1.5B (2%) 3 (1%) 1.6B (1%)
Distribution 2 (2%) - 3 (1%) 815M (< 1%)
Packaging 1 (1%) 760M (1%) 3 (1%) 760M (< 1%)
Manufacturing - - 3 (1%) 214M (< 1%)
Technology Hardware - - 3 (1%) -
Gaming - - 2 (1%) 32.6B (16%)
Semiconductors - - 2 (1%) 17.6B (9%)
Transportation 1 (1%) 3.7B (6%) 2 (1%) 4.7B (2%)
Test/Measurement Equipment 1 (1%) 780M (1%) 2 (1%) 3.5B (2%)
Aerospace 1 (1%) - 2 (1%) 2.9B (1%)
Media - - 2 (1%) 2.4B (1%)
Restaurants 1 (1%) - 2 (1%) 2.1B (1%)
Education 1 (1%) - 2 (1%) -
Electrical Equipment 1 (1%) - 2 (1%) -
Marine - - 2 (1%) -
Agriculture 1 (1%) 880M (1%) 1 (< 1%) 880M (< 1%)
Automotive - - 1 (< 1%) 181M (< 1%)
Environmental - - 1 (< 1%) 134M (< 1%)
Building Materials - - 1 (< 1%) -
Digital Media - - 1 (< 1%) -
Franchising 1 (1%) - 1 (< 1%) -
Furniture - - 1 (< 1%) -
Infrastructure - - 1 (< 1%) -
Machinery - - 1 (< 1%) -
Medical Products - - 1 (< 1%) -
Metals/Mining 1 (1%) - 1 (< 1%) -
Plastics - - 1 (< 1%) -
Renewable Energy 1 (1%) - 1 (< 1%) -
Safety/Security - - 1 (< 1%) -
Total 89 $60.9B 221 $205.8B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 49 (55%) 25.6B (42%) 131 (60%) 137.0B (67%)
  Texas 10 (11%) 4.1B (7%) 21 (10%) 27.6B (13%)
  California 9 (10%) 6.0B (10%) 18 (8%) 16.6B (8%)
  New York 4 (4%) - 10 (5%) 12.7B (6%)
  Massachusetts 3 (3%) 7.7B (13%) 9 (4%) 9.7B (5%)
  Florida 3 (3%) - 9 (4%) 3.4B (2%)
  Illinois 2 (2%) 4.4B (7%) 6 (3%) 17.7B (9%)
  North Carolina 1 (1%) - 5 (2%) 134M (< 1%)
  Connecticut 1 (1%) - 5 (2%) -
  Maryland - - 5 (2%) 634M (< 1%)
  Ohio 2 (2%) - 4 (2%) 815M (< 1%)
  Colorado 2 (2%) - 4 (2%) 294M (< 1%)
  Virginia 1 (1%) - 4 (2%) -
  New Jersey - - 4 (2%) 1.2B (1%)
  Tennessee 2 (2%) - 3 (1%) -
  Nevada 1 (1%) - 3 (1%) 30.7B (15%)
  Minnesota 1 (1%) - 3 (1%) 143M (< 1%)
  Georgia 1 (1%) - 3 (1%) -
  Michigan 1 (1%) - 2 (1%) -
  Pennsylvania - - 2 (1%) 11.4B (6%)
  Missouri 1 (1%) 2.0B (3%) 1 (< 1%) 2.0B (1%)
  Arkansas 1 (1%) 1.5B (2%) 1 (< 1%) 1.5B (1%)
  Oklahoma 1 (1%) - 1 (< 1%) -
  Kansas 1 (1%) - 1 (< 1%) -
  Alabama 1 (1%) - 1 (< 1%) -
  New Hampshire - - 1 (< 1%) 390M (< 1%)
  Wisconsin - - 1 (< 1%) 214M (< 1%)
  Oregon - - 1 (< 1%) -
  Louisiana - - 1 (< 1%) -
  Delaware - - 1 (< 1%) -
  Washington - - 1 (< 1%) -
United Kingdom 9 (10%) 1.6B (3%) 19 (9%) 13.4B (7%)
Germany - - 8 (4%) 3.1B (2%)
Canada 4 (4%) - 7 (3%) -
  Ontario 1 (1%) - 4 (2%) -
  Quebec 1 (1%) - 1 (< 1%) -
  British Columbia 1 (1%) - 1 (< 1%) -
  Alberta 1 (1%) - 1 (< 1%) -
Netherlands 3 (3%) 11.4B (19%) 7 (3%) 13.7B (7%)
France 2 (2%) - 4 (2%) 2.4B (1%)
Australia 2 (2%) 880M (1%) 4 (2%) 1.2B (1%)
Belgium 1 (1%) - 4 (2%) 181M (< 1%)
India 3 (3%) - 3 (1%) -
South Africa 2 (2%) 760M (1%) 3 (1%) 2.0B (1%)
Italy 1 (1%) - 3 (1%) 2.9B (1%)
Spain 1 (1%) 2.0B (3%) 3 (1%) 2.0B (1%)
Bermuda 1 (1%) - 3 (1%) 1.0B (< 1%)
Sweden 1 (1%) - 3 (1%) 118M (< 1%)
Switzerland 1 (1%) 10.6B (17%) 2 (1%) 10.6B (5%)
Poland 1 (1%) 3.3B (5%) 2 (1%) 3.3B (2%)
Israel 1 (1%) - 2 (1%) -
South Korea 1 (1%) 3.7B (6%) 1 (< 1%) 3.7B (2%)
Finland 1 (1%) 614M (1%) 1 (< 1%) 614M (< 1%)
Norway 1 (1%) 402M (1%) 1 (< 1%) 402M (< 1%)
China 1 (1%) - 1 (< 1%) -
Kenya 1 (1%) - 1 (< 1%) -
New Zealand 1 (1%) - 1 (< 1%) -
Romania 1 (1%) - 1 (< 1%) -
Denmark - - 1 (< 1%) 5.0B (2%)
Japan - - 1 (< 1%) 2.1B (1%)
Channel Islands - - 1 (< 1%) -
Ireland - - 1 (< 1%) -
Singapore - - 1 (< 1%) -
Domestic 49 (55%) 25.6B (42%) 131 (60%) 137.0B (67%)
Cross-border 40 (45%) 35.2B (58%) 89 (40%) 67.6B (33%)
Total 89 $60.9B 220 $204.6B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 27 (30%) 10.1B (17%) 54 (24%) 21.1B (10%)
Buyout (LBO, MBO, MBI) 14 (16%) 4.6B (8%) 38 (17%) 23.1B (11%)
Growth Capital 13 (15%) - 30 (14%) -
Going Private 7 (8%) 11.9B (20%) 27 (12%) 104.0B (52%)
Venture 3 (3%) - 23 (10%) 30M (< 1%)
Divestiture 7 (8%) 25.2B (41%) 15 (7%) 32.9B (16%)
Recapitalization 3 (3%) - 11 (5%) 2.0B (1%)
Add-on Acquisition 9 (10%) 9.0B (15%) 10 (5%) 9.0B (4%)
Stake Purchase 5 (6%) - 7 (3%) -
PIPE - - 3 (1%) -
Consolidation - - 2 (1%) 9.5B (5%)
Merger 1 (1%) - 1 (< 1%) -
Total 89 $60.9B 221 $201.6B

Exits by Deal Type

Type Total # Value
Secondary Sale 33 (26%) 14.2B (15%)
Trade Sale - Public Company 30 (24%) 68.9B (73%)
Trade Sale 27 (21%) 9.5B (10%)
IPO 22 (17%) -
Merger 7 (6%) 2.0B (2%)
Bankruptcy 3 (2%) -
Recapitalization 1 (1%) -
SPAC 1 (1%) -
Stake Sale 1 (1%) -
Unknown 1 (1%) -
Total 126 $94.6B

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
3
BofA Securities
2
Citigroup Investment Banking
2
Legal Deals
Herbert Smith Freehills
1
Debevoise & Plimpton
1
Cleary Gottlieb Steen & Hamilton
1

Deal Values

buy # Total
> $1B 41 $197.7B
$100M to $1B 20 $7.9B
< $100M 6 $228M
TOTAL $205.8B
Largest Caesars Entertainment Corp. (old)
$30.7B (2008-01-01)
sell # Total
> $1B 20 $86.5B
$100M to $1B 15 $8.0B
< $100M 3 $167M
TOTAL $94.6B
Largest Triton International Ltd.
$13.3B (2023-04-12)

M&A Connections

Deals
Acquired from
Investor(s)
33%
72 (33%)
Strategic(s)
8%
17 (8%)
Exited to
Investor(s)
26%
33 (26%)
Strategic(s)
48%
61 (48%)

FAQ

When was HarbourVest Partners founded?

HarbourVest Partners was founded in 1978.

What type of investor is HarbourVest Partners?

HarbourVest Partners is a private equity firm.

Where is HarbourVest Partners headquartered?

HarbourVest Partners is headquartered in Boston, Massachusetts.

How much capital does HarbourVest Partners have under management?

HarbourVest Partners has 86.0B USD under management.

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