M&A Deal Summary

Tibco Acquires Information Builders

On October 22, 2020, Tibco acquired information technology company Information Builders from Bregal Sagemount and Goldman Sachs Merchant Banking

Acquisition Highlights
  • This is Tibco’s 6th transaction in the Information Technology sector.
  • This is Tibco’s 20th transaction in the United States.
  • This is Tibco’s 3rd transaction in New York.

M&A Deal Summary

Date 2020-10-22
Target Information Builders
Sector Information Technology
Buyer(s) Tibco
Sellers(s) Bregal Sagemount
Goldman Sachs Merchant Banking
Deal Type Add-on Acquisition
Advisor(s) Shea & Company (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Information Builders

New York, New York, United States
Information Builders is a provider of solutions for business intelligence (BI), analytics, data integration, and data quality that help drive performance improvements, innovation, and value. Information Builders was established in 1975 and is based in New York City.

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Buyer(S) 1

Buyer

Tibco

Palo Alto, California, United States

Category Company
Founded 1985
Sector Software
Revenue 1.1B USD (2013)
DESCRIPTION
Entrance to Tibco Software's corporate headquarters in Palo Alto, California.
Entrance to Tibco Software's corporate headquarters in Palo Alto, California.

Tibco is a provider of middleware and infrastructure software. Tibco's standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights. Tibco was formed in 1985 and is based in Palo Alto, California.


DEAL STATS #
Overall 23 of 23
Sector: Information Technology M&A 6 of 6
Type: Add-on Acquisition M&A Deals 21 of 21
State: New York M&A 3 of 3
Country: United States M&A 20 of 20
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 SnappyData

Beaverton, Oregon, United States

SnappyData, Inc. is a high-performance in-memory data platform for mixed workload applications. Built on Apache Spark.SnappyData provides a unified programming model for streaming, transactions, machine learning and SQL Analytics in a single cluster. SnappyData was founded in 2016 and is based in Beaverton, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-22 JasperSoft

Fort Lauderdale, Florida, United States

Jaspersoft is a software platform that provides reporting and embedded analytics capabilities for applications and business intelligence workflows. Jaspersoft Is based in Fort Lauderdale, Florida.

Sell -

Seller(S) 2

SELLER

Bregal Sagemount

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 30 of 39
Sector: Information Technology M&A 12 of 13
Type: Add-on Acquisition M&A Deals 12 of 16
State: New York M&A 2 of 2
Country: United States M&A 28 of 36
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-20 Enhesa

Brussels, Belgium

Enhesa is a content provider on environment, health & safety regulations (‘EHS’) that specializes in tracking, compiling, and interpreting EHS legislation and policies. From its offices in Brussels, Washington, and Tokyo, a team of 50 legal experts supports its international customers in analyzing the appropriate regulatory content. Through the Enhesa IT platform, customers have access to comprehensive EHS information in a user-friendly and structured way. Enhesa was founded in 1989 and is based in Brussels, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 SEKO

Schaumburg, Illinois, United States

SEKO is a global non-asset-based 3PL provider offering a complete set of technology-enabled supply chain logistics solutions, including freight forwarding, transportation management, contract logistics and warehousing services. SEKO was founded in 1976 and is based in Schaumburg, Illinois.

Buy -
SELLER

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 92 of 126
Sector: Information Technology M&A 9 of 11
Type: Add-on Acquisition M&A Deals 29 of 43
State: New York M&A 8 of 12
Country: United States M&A 66 of 90
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-23 Synagro Technologies

Baltimore, Maryland, United States

Synagro Technologies works to turn waste into worth by helping more than 1,000 municipal and industrial water and wastewater facilities in North America move toward safer, cleaner, and more environmentally beneficial practices. As a recycler of organic by-products in North America, the company is trusted because it removes risks while keeping the logistics clean. Synagro Technologies was founded in 1986 and is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Zaxby s

Athens, Georgia, United States

Zaxby's, the fast-casual chain known for its chicken fingers, wings, and signature sauces, operates primarily in the Southeastern United States, with more than 900 restaurants in 17 states. Zaxby's has delivered industry-leading comparable sales performance for three consecutive years, and there is unprecedented demand from franchisees to grow. Zaxby's was founded in 1990 and is based in Athens, Georgia.

Buy -