M&A Deal Summary

TowerBrook Capital Partners, Apax and Pamlico Capital Acquire IntraLinks Holdings

On August 3, 1998, private equity firms TowerBrook Capital Partners, Apax and Pamlico Capital acquired internet software and services company IntraLinks Holdings

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 1st, Apax’s 2nd and Pamlico Capital’s 1st transaction in the Internet Software and Services sector.
  • This is TowerBrook Capital Partners’ 1st, Apax’s 1st and Pamlico Capital’s 3rd transaction in the United States.
  • This is TowerBrook Capital Partners’ 1st, Apax’s 1st and Pamlico Capital’s 1st transaction in New York.
Investment Fate
  • IntraLinks Holdings was sold to a consortium of financial buyers in 2007.
  • IntraLinks Holdings went public in 2010.
  • IntraLinks Holdings was sold to a strategic buyer in 2016 for 821M USD.
  • IntraLinks Holdings was divested to a consortium of buyers in 2017 for 1.0B USD.
  • IntraLinks Holdings was sold to a publicly-traded strategic buyer in 2018 for 1.5B USD.

M&A Deal Summary

Date 1998-08-03
Target IntraLinks Holdings
Sector Internet Software and Services
Buyer(s) TowerBrook Capital Partners
Apax
Pamlico Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

IntraLinks Holdings

New York City, New York, United States
IntraLinks Holdings, Inc. is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $31.3 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology.

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Buyer(S) 3

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 22.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 101
Sector: Internet Software and Services M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 36
State: New York M&A 1 of 5
Country: United States M&A 1 of 42
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Infopro Digital

Gentilly, France

Infopro Digital is a business-to-business (“B2B”) professional information services provider. The Company is active in three divisions: (i) Software, Data & Leads, which provides tailor-made information and decision-making tools delivered through software packages and digital platforms; (ii) Knowledge & Networking, which produces and delivers industry-specific content and solutions (subscriptions, training, events, etc.); and (iii) Global Trade Shows, which organises industry-specific exhibitions for professionals. Infopro Digital was founded in 2001 and is based in Gentilly, France.

Buy -
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 5 of 266
Sector: Internet Software and Services M&A 2 of 27
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 62
State: New York M&A 1 of 19
Country: United States M&A 1 of 107
Year: 1998 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-1 Dialog Semiconductor

Reading, United Kingdom

Dialog Semiconductor Plc is a designer and producer of semiconductors for mobile telephones and automotive systems. Dialog Semiconductor was founded in 1988 and is based in Reading, the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Merlin Entertainments

Poole, United Kingdom

Merlin Entertainments is an entertainments company. Merlin runs 124 attractions in 25 countries across four continents. Merlin Entertainments was formed in 1999 and is headquartered in Poole, England.

Buy -
Buyer

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 3 of 87
Sector: Internet Software and Services M&A 1 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 21
State: New York M&A 1 of 7
Country: United States M&A 3 of 82
Year: 1998 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-01 Worldstrides

Charlottesville, Virginia, United States

WorldStrides is a provider of experiential learning to over 400,000 students per year covering academic, professional, performing arts, and athletic programming. The company partners with more than 7,000 K-12 schools and 800 universities, including MBA programs. Worldstrides was founded in 1967 and is based in Charlottesville, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Comsys IT Partners

Houston, Texas, United States

Comsys IT Partners, Inc. is an IT services company offering contingent and direct hire placement of IT professionals and a wide range of technical services and solutions addressing requirements across the enterprise.

Buy -