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M&A Deal Summary

Apax Acquires Exact

On October 15, 2014, private equity firm Apax acquired software company Exact for 730M EUR

Acquisition Highlights
  • This is Apax’s 14th transaction in the Software sector.
  • This is Apax’s 28th largest (disclosed) transaction.
  • This is Apax’s 7th transaction in the Netherlands.
Investment Fate
  • Exact was sold to a consortium of financial buyers in 2019.

M&A Deal Summary
Date 2014-10-15
Target Exact
Sector Software
Buyer(s) Apax
Deal Type Going Private
Deal Value 730M EUR
Advisor(s) Rothschild Global Advisory
Lazard (Financial)
A&O Shearman (Legal)

Target

Exact

Delft, Netherlands
Exact is a provider of business software solutions. Its integrated solutions comprise traditional enterprise resource planning (ERP) as well as related software solutions such as human resource management (HRM), customer relationship management (CRM), corporate performance management (CPM), project management, and electronic workflow. Exact was founded in 1984 and is based in Delft, Netherlands.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 155 of 266
Sector: Software M&A 14 of 27
Type: Going Private M&A Deals 15 of 23
Country: Netherlands M&A 7 of 9
Year: 2014 M&A 5 of 5
Size (of disclosed) 28 of 55
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 The TriZetto Group

Denver, Colorado, United States

The TriZetto Group develops, licenses and manages software solutions for the US health insurance industry. The TriZetto Group is based in Denver, Colorado.

Sell $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-19 DuPont Innovalight

Sunnyvale, California, United States

DuPont Innovalight engages in manufacturing and selling silicon ink. DuPont Innovalight is based in Sunnyvale, California.

Sell -
Mergr

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