M&A Deal Summary

Apax and Ardian Acquire Trade Me

On May 8, 2019, private equity firms Apax and Ardian acquired internet software and services company Trade Me for 2.6B NZD

Acquisition Highlights
  • This is Apax’s 18th and Ardian’s 18th transaction in the Internet Software and Services sector.
  • This is Apax’s 16th and Ardian’s 26th largest (disclosed) transaction.
  • This is Apax’s 1st and Ardian’s 1st transaction in New Zealand.

M&A Deal Summary

Date 2019-05-08
Target Trade Me
Sector Internet Software and Services
Buyer(s) Apax
Ardian
Deal Type Going Private
Deal Value 2.6B NZD

Target

Trade Me

Wellington, New Zealand
Trade Me is a provider of the online marketplace and classified advertising platforms in New Zealand as well as the generalist marketplace for new and used goods. Trade Me Group was founded in 1999 and is based in Wellington, New Zealand.

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Buyer(S) 2

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 211 of 262
Sector (Internet Software and Services) 18 of 27
Type (Going Private) 20 of 22
Country (New Zealand) 1 of 1
Year (2019) 5 of 13
Size (of disclosed) 16 of 54
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Acelity

San Antonio, Texas, United States

Acelity is a wound care and regenerative medicine company created by uniting the strengths of three companies, Kinetic Concepts, Inc., LifeCell Corporation and Systagenix Wound Management, Limited. Acelity was formed in 1976 and is based in San Antonio, Texas.

Sell $6.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Baltic Classifieds Group

Vilnius, Lithuania

Baltic Classifieds Group is a portfolio of twelve online classified advertising platforms in the Baltics, specializing in five key segments: automotive, real estate, jobs, generalist and e-commerce. The company operates in Lithuania, its largest market, through Diginet LTU. Baltic Classifieds Group was founded in 1999 and is based in Vilnius, Lithuania.

Buy -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 343 of 418
Sector (Internet Software and Services) 18 of 22
Type (Going Private) 12 of 15
Country (New Zealand) 1 of 1
Year (2019) 15 of 30
Size (of disclosed) 26 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Zayo

Boulder, Colorado, United States

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.

Buy $14.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Galderma

Zug, Switzerland

Galderma is a global skincare company offering medical and consumer skin health solutions through three business units; aesthetics and prescription and consumer health. Galderma was founded in 1981 and is based in Zug, Switzerland.

Buy Fr.10.2B