M&A Deal Summary

3i Private Equity Acquires Evernex

On July 19, 2019, private equity firm 3i Private Equity acquired information technology company Evernex from The Carlyle Group

Acquisition Highlights
  • This is 3i Private Equity’s 7th transaction in the Information Technology sector.
  • This is 3i Private Equity’s 28th transaction in France.

M&A Deal Summary

Date 2019-07-19
Target Evernex
Sector Information Technology
Buyer(s) 3i Private Equity
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout

Target

Evernex

Paris, France
Evernex provides maintenance of global IT infrastructure and offers a comprehensive range of services from maintenance to Spare as a Service – SpaaS ™, as well as additional services such as recycling, secure data disposal, data center removal, and relocation, library repair, IT hardware rental, and financial solutions. Evernex was founded in 1983 and is based in Paris, France.

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Buyer(S) 1

Buyer

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 235 of 249
Sector (Information Technology) 7 of 9
Type (Secondary Buyout) 38 of 43
Country (France) 28 of 30
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 Magnitude Software

Austin, Texas, United States

Magnitude Software is a provider of Enterprise Information Management software driving real business results for more than 600 active enterprise clients with over 200,000 users in 100 countries. Magnitude Software offers a family of award-winning applications, from business intelligence and data warehousing to master data management, reporting, and analytics. Magnitude Software was founded in 2014 and is based in Austin, Texas.

Buy $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Asia Capital Reinsurance Group

Singapore, Singapore

Asia Capital Reinsurance Group is a non-life reinsurance group dedicated to serving clients in Asia. ACR focuses on large risk underwriting in specialist lines, including aviation, marine, energy, property, engineering, and casualty. ACR was founded in 2006 and is based in Singapore.

Sell $155M

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
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 376 of 482
Sector (Information Technology) 14 of 22
Type (Secondary Buyout) 82 of 118
Country (France) 18 of 22
Year (2019) 18 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-11 HSO

Veenendaal, Netherlands

HSO is a technology and professional services company, delivering successful business transformation using Microsoft cloud business applications, data, and analytics to improve the results of our customers. HSO is based in Veenendaal, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Philadelphia Energy Solutions

Philadelphia, Pennsylvania, United States

Philadelphia Energy Solutions is an operating refinery on the East Coast focused on processing 330,000 barrels of crude oil per day into various refined products.

Sell -