M&A Deal Summary

Google Acquires DoubleClick

On April 13, 2008, Google acquired internet software and services company DoubleClick from JMI Equity, Hellman & Friedman and ABS Capital Partners for 3.1B USD

Acquisition Highlights
  • This is Google’s 22nd transaction in the Internet Software and Services sector.
  • This is Google’s 5th largest (disclosed) transaction.
  • This is Google’s 36th transaction in the United States.
  • This is Google’s 4th transaction in New York.

M&A Deal Summary

Date 2008-04-13
Target DoubleClick
Sector Internet Software and Services
Buyer(s) Google
Sellers(s) JMI Equity
Hellman & Friedman
ABS Capital Partners
Deal Type Add-on Acquisition
Deal Value 3.1B USD

Target

DoubleClick

New York, New York, United States
DoubleClick, Inc. is a provider of digital marketing technology and services. The world’s top marketers, publishers and agencies utilize DoubleClick’s expertise in ad serving, rich media, video, search and affiliate marketing to help them make the most of the digital medium.

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Buyer(S) 1

Buyer

Google

Mountain View, California, United States

Category Company
Founded 1998
Sector Internet Software and Services
Employees190,234
Revenue 307.4B USD (2023)
DESCRIPTION
View of Google's corporate campus in Mountain View, California.
View of Google's corporate campus in Mountain View, California.

Google is a global provider of search and advertising services. In addition to its search engine, Google offers online tools and platforms including: Gmail, Google Apps, Google Maps, and YouTube. Google was incorporated in 1998 and is based in Mountain View, California.


DEAL STATS #
Overall 46 of 224
Sector (Internet Software and Services) 22 of 103
Type (Add-on Acquisition) 44 of 216
State (New York) 4 of 15
Country (United States) 36 of 176
Year (2008) 1 of 3
Size (of disclosed) 5 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-09 Jaiku

Helsinki, Finland

Jaiku allows users to post their thoughts, opinions, and comments in regards to their lives or any other subject.The site allows users to keep in touch and interact with friends either through the website

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-30 Omnisio

Atherton, California, United States

Omnisio allows users to extract sections of clips they find on the web (currently only those on YouTube, Google Video, or Blip.tv). They can then take those clips and stitch them together to form new, embeddable compilations.

Buy $15M

Seller(S) 3

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 33 of 106
Sector (Internet Software and Services) 1 of 22
Type (Add-on Acquisition) 24 of 67
State (New York) 1 of 6
Country (United States) 31 of 94
Year (2008) 2 of 5
Size (of disclosed) 2 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 Intercept Interactive

New York, New York, United States

Intercept Interactive, Inc. (Undertone Networks) is a provider of advertising solutions for publishers and brands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-28 The Search Agency

Los Angeles, California, United States

The Search Agency is an online marketing firm specializing in search engine marketing (SEM) and search engine optimization (SEO). The Search Agency was founded in 2002 and is based in Los Angeles, California.

Buy -
SELLER

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 15 of 59
Sector (Internet Software and Services) 1 of 6
Type (Add-on Acquisition) 3 of 13
State (New York) 2 of 8
Country (United States) 11 of 43
Year (2008) 1 of 1
Size (of disclosed) 7 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-15 Gaztransport & Technigaz

Saint-Remy-les-Chevreuse, France

Gaztransport & Technigaz is an engineering company that operates two main areas of expertise including cargo containment systems (CCS) for LNG carriers and land storage of LNG. LNG carriers and tanks designed with GTT containment systems have also been used to carry and store other liquefied gases (LPG, Ethylene etc.). Gaztransport & Technigaz was founded in 1965 and is based in Saint-Remy-les-Chevreuse, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-02 Getty Images

Seattle, Washington, United States

Getty Images offers a full range of content solutions to meet the needs of customers around the world. With a broad portfolio that includes the Getty Images, Stock, and Unsplash brands, the Company reaches and empowers a broad base of global customers ranging from international enterprises to amateur creators. Getty Images was formed in 1995 and is based in Seattle, Washington.

Buy $2.4B
SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $30 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


DEAL STATS #
Overall 34 of 70
Sector (Internet Software and Services) 1 of 7
Type (Add-on Acquisition) 12 of 34
State (New York) 1 of 4
Country (United States) 34 of 69
Year (2008) 1 of 2
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-09 American Public Education

Charles Town, West Virginia, United States

American Public Education is an education services provider that offers respected, innovative, and affordable educational programs and services. American Public Education was founded in 1991 and is based in Charlestown, West Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-15 Avalere Health

Washington, District of Columbia, United States

Avalere Health is a healthcare consulting and advisory firm. Avalere partners with leading life sciences companies, health plans, providers, and investors to bring innovative, data-driven solutions to complex healthcare challenges. Avalere Health was founded in 2000 and is based in Washington, District of Columbia.

Buy -