M&A Deal Summary

Silver Lake Acquires Blackhawk Network

On January 16, 2018, private equity firm Silver Lake acquired information technology company Blackhawk Network for 3.5B USD

Acquisition Highlights
  • This is Silver Lake’s 13th transaction in the Information Technology sector.
  • This is Silver Lake’s 10th largest (disclosed) transaction.
  • This is Silver Lake’s 66th transaction in the United States.
  • This is Silver Lake’s 26th transaction in California.

M&A Deal Summary

Date 2018-01-16
Target Blackhawk Network
Sector Information Technology
Buyer(s) Silver Lake
Deal Type Going Private
Deal Value 3.5B USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Blackhawk Network

Pleasanton, California, United States
website
Blackhawk Network is a global financial technology company and a leader in connecting brands and people through branded value solutions. Blackhawk platforms and solutions enable the management of stored value products, promotions and rewards programs in retail, ecommerce, financial services and mobile wallets. Blackhawk’s Hawk Commerce division offers technology solutions to businesses and direct to consumers. The Hawk Incentives division offers enterprise, SMB and reseller partners an array of platforms and branded value products to incent and reward consumers, employees and sales channels. Headquartered in Pleasanton, Calif., Blackhawk operates in 26 countries.

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Buyer(S) 1

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 89 of 126
Sector (Information Technology) 13 of 17
Type (Going Private) 13 of 16
State (California) 26 of 36
Country (United States) 66 of 86
Year (2018) 4 of 8
Size (of disclosed) 10 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Imagine Learning

Stamford, Connecticut, United States

Imagine Learning operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry. By attracting highly motivated and distinctly talented professionals, Imagine Learning looks to accelerate growth through an obsessive focus on enhancing the customer experience, operational excellence, marketing expertise, and disciplined financial management. Imagine Learning was formed in 2010 and is based in Stamford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Oak View Group

Los Angeles, California, United States

Oak View Group is a global sports and entertainment company focused on being a positive disruption to business as usual in the sports and live entertainment industry and currently has eight divisions across four global offices (Los Angeles, New York, London, and Philadelphia). Oak View Group was founded in 2015 and is based in Los Angeles, California.

Buy -