M&A Deal Summary

Signet Jewelers Acquires R2net

On August 24, 2017, Signet Jewelers acquired software company R2net from Israel Growth Partners and Francisco Partners for 328M USD

Acquisition Highlights
  • This is Signet Jewelers’ 1st transaction in the Software sector.
  • This is Signet Jewelers’ 4th largest (disclosed) transaction.
  • This is Signet Jewelers’ 3rd transaction in the United States.
  • This is Signet Jewelers’ 1st transaction in New York.

M&A Deal Summary

Date 2017-08-24
Target R2net
Sector Software
Buyer(s) Signet Jewelers
Sellers(s) Israel Growth Partners
Francisco Partners
Deal Type Add-on Acquisition
Deal Value 328M USD
Advisor(s) Meitar Liquornik Geva Leshem Tal (Legal)

Target

R2net

New York, New York, United States
website
R2Net is a provider of complete bespoke solutions to transition brick and mortar jewelry stores into thriving e-commerce retailers. From development to inventory , company provide with all the necessary tools to lower costs and increase revenue.

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Buyer(S) 1

Buyer

Signet Jewelers

Hamilton, Bermuda

website


Category Company
Sector Retail
Employees30,856
Revenue 7.8B USD (2022)
DESCRIPTION

Signet Jewelers is engaged in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. Signet Jewelers is based in Hamilton, Bermuda.


DEAL STATS #
Overall 4 of 7
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (New York) 1 of 1
Country (United States) 3 of 6
Year (2017) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-20 Zale

Irving, Texas, United States

Zale Corp. is a retailer of diamond and other jewelry products in North America, operating approximately 1,680 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Zale Corporation's brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Rocksbox

San Francisco, California, United States

Rocksbox is a jewelry rental subscription platform, giving it a significant foothold in a growing online service that speaks to next-generation jewelry customers. Rocksbox was founded in 2012 and is based in San Francisco, California.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

Israel Growth Partners is a growth capital investment firm focused on investing in technology based, growth-stage Israeli companies. The Firm targets companies with at least $10 million in revenue possessing strong management, proven business models, and differentiated technology. Israel Growth Partners was formed in 2014 and is headquartered in Tel Aviv, Israel.


DEAL STATS #
Overall 2 of 4
Sector (Software) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 Valens Semiconductor

Hod Hasharon, Israel

Valens Semiconductor provides semiconductor products for the distribution of ultra-high-definition (HD) multimedia content. The company’s HDBaseT technology enables long-reach connectivity of devices over a single cable and is a global standard for advanced digital media distribution. Valens Semiconductor was formed in 2006 and is based in Hod Hasharon, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-30 Zadara

Irvine, California, United States

Zadara is a provider of cloud platform (ZCP) simplifies operational complexity through automated end-to-end infrastructure provisioning of compute, storage and network resources. Zadara is based in Irvine, California.

Buy -
SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 47 of 79
Sector (Software) 17 of 27
Type (Add-on Acquisition) 29 of 48
State (New York) 2 of 4
Country (United States) 37 of 65
Year (2017) 7 of 9
Size (of disclosed) 16 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Lumata Group

London, United Kingdom

Lumata Group Ltd. is a provider of real-time, next generation loyalty and customer lifecycle management software and services. It delivers tools and marketing expertise to service providers and brands that enable them to unlock the value in their customer data. With a customer base spanning Europe, Africa, Central America and Southeast Asia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 T-System

Dallas, Texas, United States

T-System is a developer of clinical documentation and coding solutions for hospital-based emergency departments and urgent care facilities. T-System was established in 1996 and is based in Dallas, Texas.

Sell $200M