M&A Deal Summary |
|
|---|---|
| Date | 2024-06-24 |
| Target | Aareon |
| Sector | Software |
| Buyer(s) |
TPG
CDPQ |
| Sellers(s) | Advent International |
| Deal Type | Secondary Buyout |
| Deal Value | 3.9B EUR |
| Advisor(s) | Goldman Sachs Arma Partners LLP (Financial) CMS Legal (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 418 of 421 |
| Sector (Software) | 34 of 35 |
| Type (Secondary Buyout) | 71 of 72 |
| Country (Germany) | 6 of 7 |
| Year (2024) | 5 of 8 |
| Size (of disclosed) | 17 of 105 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-17 |
K2 Medical Research
Maitland, Florida, United States K2 Medical Research is a commercial-stage company specializing in central nervous system (CNS) trials for leading pharma sponsors. K2 Medical Research was founded in 2021 and is based in Maitland, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-27 |
Altimetrik
Southfield, Michigan, United States Altimetrik is a pure-play digital business services company that focuses on delivering business outcomes with an agile, product-oriented approach. The company provides a blueprint to develop, scale, and launch new products to market faster. It builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-size increments. Altimetrik was founded in 2012 and is based in Southfield, Michigan. |
Buy | - |
CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.
| DEAL STATS | # |
|---|---|
| Overall | 101 of 101 |
| Sector (Software) | 3 of 3 |
| Type (Secondary Buyout) | 20 of 20 |
| Country (Germany) | 2 of 2 |
| Year (2024) | 4 of 4 |
| Size (of disclosed) | 3 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-11 |
National Bank
Montreal, Quebec, Canada National Bank provides financial services through three business segments in Canada: Personal and Commercial Banking, Wealth Management, and Financial Markets. National Bank was incorporated in 1859 and is based in Montreal, Canada. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-01 |
Techem
Eschborn, Germany Techem specializes in smart and sustainable solutions for the real estate industry, focusing on energy efficiency and decarbonization. Techem provides digital services that help reduce energy consumption, improve water management, and increase resource conservation across properties. Techem's comprehensive offerings include remote monitoring systems for heating and water, wireless smoke detectors, and solutions for enhancing energy efficiency in buildings. Techem was founded in 1952 and is based in Eschborn, Germany. |
Sell | €6.7B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 76.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 220 of 222 |
| Sector (Software) | 9 of 9 |
| Type (Secondary Buyout) | 57 of 58 |
| Country (Germany) | 16 of 16 |
| Year (2024) | 3 of 5 |
| Size (of disclosed) | 2 of 52 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-17 |
V.Group
London, United Kingdom V.Group provides mission-critical services to its customers, such as technical ship management, crew management, crew welfare services (e.g. catering, travel, and digital wallets & payment cards), leveraged procurement, technical services, specialist insurance broking, and modern shipping-specific digital solutions. V.Group was founded in 1984 and is headquartered in London, United Kingdom. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-25 |
Evri
Leeds, United Kingdom Evri is a parcel delivery company with a strong national network purpose-built for third-party e-commerce parcels and a differentiated last-mile delivery model. Evri was formed in 2022 and is based in Leeds, United Kingdom. |
Sell | - |
