Siris Capital Group Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Siris Capital Group has acquired 4 companies. It has also invested in 1 other.

Siris Capital Group’s most common sectors for investment are information technology (27%) and communications (20%). The Firm’s most common investment types include going private (60%) and divestiture (14%). In total, Siris Capital Group has invested in 8 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2018 when it acquired Travelport Worldwide for $4.4B.

In the last 3 years, Siris Capital Group has exited 4 companies. The Firm’s most common exit type is trade sale (100%). Siris Capital Group’s largest (disclosed) exit occurred in 2018 when it sold Polycom for $2.0B.

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M&A Summary

  • M&A Total Activity21
    • M&A Buy Activity15
    • M&A Sell Activity6
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 17
  • M&A Advisors 18

Siris Capital Group

601 Lexington Avenue, 59th Floor,
New York, New York 10022
United States
(212) 231-0095
www.siriscapital.com
info@siriscapital.com

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.


Investment Criteria

Sectors of Interest: Communications, E-Commerce, Healthcare Services, Information Technology, Infrastructure, Internet Software and Services, Safety/Security, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Special Situations/Distressed, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 250 2,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.2/yr) # 9 1 3 2 - - 15
vol $7.0B $1.0B $6.4B $1.7B $16.1B
Sell (0.8/yr) # 2 - 2 - 1 1 6
vol $3.5B $3.5B
  21

Most Recent M&A

Company Date Value Type
VTX Telecom AG 2021-01-21 - Add-on Acquisition
Pully, Switzerland · www.vtx.ch
Pulse Secure LLC 2020-09-28 - Add-on Acquisition
San Jose, California · www.pulsesecure.net
U.S. TelePacific Corp. 2019-08-19 - Secondary Buyout
Los Angeles, California · www.tpx.com
Electronics for Imaging, Inc. 2019-04-15 1.7B USD Going Private
Fremont, California · www.efi.com
Travelport Worldwide Ltd. 2018-12-10 4.4B USD Going Private
Langley, United Kingdom · www.travelport.com
IntraLinks Holdings, Inc. 2018-09-06 1.5B USD Add-on Acquisition
New York City, New York · www.intralinks.com
Web.com Group, Inc. 2018-06-21 2.0B USD Going Private
Jacksonville, Florida · www.web.com
Polycom, Inc. 2018-03-28 2.0B USD Add-on Acquisition
San Jose, California · www.polycom.com
Plantronics, Inc. 2018-03-28 - Stake Purchase
Santa Cruz, California · www.plantronics.com
IntraLinks Holdings, Inc. 2017-10-17 1.0B USD Divestiture
New York City, New York · www.intralinks.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
U.S. TelePacific Corp. 2019-08-19 U.S. TelePacific Corp. - Fixed Wireless Network Assets 2020-10-09 1
Los Angeles, California · www.tpx.com Los Angeles, California
Web.com Group, Inc. 2018-06-21 WebCentral Pty Ltd. 2020-07-13 3
Jacksonville, Florida · www.web.com Sydney, Australia · www.webcentral.com.au
Electronics for Imaging, Inc. 2019-04-15 Optitex Ltd. 2020-04-17 1
Fremont, California · www.efi.com New York, New York · www.optitex.com
Web.com Group, Inc. 2018-06-21 Web.com Group, Inc. - Enterprise Business 2020-02-27 3
Jacksonville, Florida · www.web.com Jacksonville, Florida
Travelport Worldwide Ltd. 2018-12-10 eNett International (Singapore) Pte. Ltd. 2020-01-24 1
Langley, United Kingdom · www.travelport.com , Singapore · www.enett.com
Web.com Group, Inc. 2018-06-21 TORCHx 2019-04-23 2
Jacksonville, Florida · www.web.com , United States · www.torchx.com
Web.com Group, Inc. 2018-06-21 Lighthouse 360 2019-03-18 1
Jacksonville, Florida · www.web.com Sugar Hill, Georgia · www.lh360.com
Digital River, Inc. 2014-10-23 Digital River World Payments AB 2017-07-17 3
Minnetonka, Minnesota · www.digitalriver.com Stockholm, Sweden · www.drwp.io
Xura, Inc. 2016-05-23 Xura Secure Communications GmbH 2017-02-17 1
Wakefield, Massachusetts · www.xura.com , Germany
Xura, Inc. 2016-05-23 Mitel Mobility, Inc. 2016-12-19 2
Wakefield, Massachusetts · www.xura.com Ottawa, Ontario

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 2 (20%) 5.0B (43%) 4 (27%) 7.0B (44%)
Internet Software and Services 2 (20%) 2.8B (24%) 3 (20%) 3.8B (24%)
Technology Hardware 3 (30%) 2.1B (17%) 3 (20%) 2.1B (13%)
Communications 2 (20%) 862M (7%) 3 (20%) 1.4B (9%)
Software 1 (10%) 1.0B (8%) 2 (13%) 1.8B (11%)
Total 10 $11.8B 15 $16.1B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (90%) 7.4B (63%) 14 (93%) 11.7B (73%)
  California 3 (30%) 1.7B (14%) 5 (33%) 3.7B (23%)
  Massachusetts 2 (20%) 995M (8%) 3 (20%) 1.5B (9%)
  Florida 1 (10%) 2.0B (17%) 1 (7%) 2.0B (12%)
  Georgia 1 (10%) 1.0B (8%) 1 (7%) 1.0B (6%)
  Virginia 1 (10%) 862M (7%) 1 (7%) 862M (5%)
  Minnesota 1 (10%) 840M (7%) 1 (7%) 840M (5%)
  New York - - 1 (7%) 1.0B (6%)
  North Carolina - - 1 (7%) 780M (5%)
United Kingdom 1 (10%) 4.4B (37%) 1 (7%) 4.4B (27%)
Domestic 9 (90%) 7.4B (63%) 14 (93%) 11.7B (73%)
Cross-border 1 (10%) 4.4B (37%) 1 (7%) 4.4B (27%)
Total 10 $11.8B 15 $16.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Going Private 7 (70%) 11.4B (97%) 9 (60%) 12.8B (79%)
Divestiture - - 2 (13%) 1.0B (6%)
Secondary Buyout 2 (20%) 352M (3%) 2 (13%) 352M (2%)
Buyout (LBO, MBO, MBI) - - 1 (7%) 2.0B (12%)
Stake Purchase 1 (10%) - 1 (7%) -
Total 10 $11.8B 15 $16.1B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 4 (67%) 3.5B (100%)
Trade Sale 2 (33%) -
Total 6 $3.5B

Top M&A Advisors

Financial Deals
Macquarie Capital
 7
Evercore Group LLC
 4
Barclays Investment Bank
 1
Legal Deals
Sidley Austin LLP
 4
Simpson Thacher & Bartlett LLP
 3
Kirkland & Ellis LLP
 3

Deal Values

buy # Total
> $1B 6 $12.1B
$100M to $1B 6 $4.0B
TOTAL $16.1B
Largest Travelport Worldwide Ltd.
$4.4B (2018-12-10)
sell # Total
> $1B 2 $3.5B
TOTAL $3.5B
Largest Polycom, Inc.
$2.0B (2018-03-28)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Strategic(s)
13%
2 (13%)
Exited to
Strategic(s)
100%
6 (100%)

Investor Summary

Size

Large

PE Assets

2.4B USD

Established

2011

Specialist/Generalist

Generalist

Leadership

Frank Baker

Co-Founder & Managing Partner

Jeffrey Hendren

Co-Founder & Managing Partner

Peter Berger

Co-Founder & Managing Partner

Hubert de Pesquidoux

Executive Partner

Joe Cozzolino

Executive Partner

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