M&A Deal Summary

The Carlyle Group Acquires ION Investment Group

On May 31, 2016, private equity firm The Carlyle Group acquired software company ION Investment Group Ltd. from TA Associates

Acquisition Highlights
  • This is The Carlyle Group’s 43rd transaction in the Software sector.
  • This is The Carlyle Group’s 5th transaction in Ireland.

M&A Deal Summary
Date 2016-05-31
Target ION Investment Group Ltd.
Sector Software
Buyer(s) The Carlyle Group
Sellers(s) TA Associates
Deal Type Recapitalization
Advisor(s) Evercore Group LLC (Financial)
Allen & Overy LLP (Legal)

Target

ION Investment Group Ltd.

Dublin, Ireland
website
ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations. The Company's proprietary software offers a flexible, open, customizable and cost-effective trading solutions that provides real-time integration of market data with internal systems.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 84.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 560 of 684
Sector (Software) 43 of 55
Type (Recapitalization) 8 of 9
Country (Ireland) 5 of 9
Year (2016) 8 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Marle International SAS

Nogent, France

Marle is an independent implant contract manufacturing company in Europe. Marle has become a major company in the orthopaedic industry. The Company provides specialised manufacturing services for the production of a wide range of hip, knee, shoulder, spine and extremities implants as well as orthopaedic instruments of the highest quality.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 Vogue International LLC

Phenix City, Alabama, United States

Vogue is a producer of hair care products. Vogue’s branded products include the OGX® collection of shampoos, conditioners and styling/treatment and body and bath items, Proganix® salon inspired hair care, and the recently-launched Maui Moisture wholesome beauty line. Vogue’s products are distributed to large retailers throughout the U.S. and in 38 countries.

Sell $3.3B

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1968
PE ASSETS 28.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

TA Associates Management LP is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $50 and $500 million per transaction. TA currently manages approximately $24 billion of capital and proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $150 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments up to $75 million. TA's geographic preference is North America and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 191 of 239
Sector (Software) 41 of 52
Type (Recapitalization) 7 of 7
Country (Ireland) 1 of 1
Year (2016) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Professional Datasolutions, Inc.

Alpharetta, Georgia, United States

PDI Software is a provider of enterprise-class retail automation software to convenience store retailers and wholesale petroleum marketers. PDI develops, sells and supports a software solution for managing back-office and day-to-day management processes such as accounting, product pricing, inventory, fuel purchasing, card processing and employee scheduling for retail convenience store and wholesale fuel businesses. PDI Software was founded in 1983 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 Conservice LLC

River Heights, Utah, United States

Conservice is a utility and billing management company that provides software and service solutions for over 1.6 million units in the rental housing industry. Conservice’s unique services include sending each tenant in a housing unit a single bill that encompasses rent, utilities, and any extra charges. Conservice was founded in 2000 and is based in River Heights, Utah.

Buy -
Mergr

Product

Company

Legal