M&A Deal Summary |
|
|---|---|
| Date | 2013-07-01 |
| Target | Digital Insight |
| Sector | Financial Services |
| Buyer(s) | Thoma Bravo |
| Sellers(s) | Intuit |
| Deal Type | Divestiture |
| Deal Value | 1.0B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 133 |
| Sector (Financial Services) | 2 of 3 |
| Type (Divestiture) | 6 of 13 |
| State (California) | 9 of 32 |
| Country (United States) | 31 of 116 |
| Year (2013) | 2 of 5 |
| Size (of disclosed) | 30 of 46 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-02 |
SRS Health
Montvale, New Jersey, United States SRS offers productivity-enhancing EHR and healthcare IT solutions for specialists and other high-performance physicians. With over 5,000 providers, the EHR company has built the largest national network of high-performance practices successfully using an EHR. Preeminent among orthopaedists, SRS is also the solution of choice among prominent ophthalmologists, cardiologists, and other specialists. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-22 |
Keynote Systems
San Mateo, California, United States Keynote's product platforms and services are used by enterprises of all sizes such as online portals, B2B sites, e-commerce sites, mobile operators and mobile infrastructure providers. |
Buy | $395M |
Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 12 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 5 of 10 |
| State (California) | 2 of 5 |
| Country (United States) | 6 of 12 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-06-21 |
Elastic Intelligence
Menlo Park, California, United States Elastic Intelligence, creators of Connection Cloud, is a product that helps SMEs create DIY cloud-based apps. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-23 |
Level Up Analytics
Mountain View, California, United States Level Up Analytics, Inc. provides data consulting services. |
Buy | - |
