M&A Deal Summary |
|
|---|---|
| Date | 2024-08-28 |
| Target | Veriforce |
| Sector | Information Technology |
| Buyer(s) |
Apax
Summit Partners |
| Sellers(s) |
Greenridge Growth Partner
Thoma Bravo |
| Deal Type | Secondary Buyout |
| Advisor(s) | William Blair (Financial) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 77.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 262 of 266 |
| Sector: Information Technology M&A | 30 of 30 |
| Type: Secondary Buyout M&A Deals | 66 of 67 |
| State: Texas M&A | 12 of 12 |
| Country: United States M&A | 105 of 107 |
| Year: 2024 M&A | 6 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-05 |
ThoughtWorks
Chicago, Illinois, United States ThoughtWorks is a global software consultancy and a community of passionate, purpose-led individuals. The company is a provider in the implementation of cutting-edge software development techniques such as Agile Development, which lower development costs and time-to-market for its clients. ThoughtWorks was established in 1993 and is based in Chicago, Illinois. |
Buy | $1.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-03 |
Altus
New York, New York, United States Altus is a full-service fire and life safety services platform. Altus offers a complete suite of solutions, from the design, engineering, installation, and servicing of state-of-the-art fire and life safety systems, to training, consulting, crisis management, and business continuity services. Altus is headquartered in New York City. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 407 of 415 |
| Sector: Information Technology M&A | 42 of 44 |
| Type: Secondary Buyout M&A Deals | 29 of 29 |
| State: Texas M&A | 29 of 29 |
| Country: United States M&A | 331 of 335 |
| Year: 2024 M&A | 11 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-08 |
EHE Health
New York, New York, United States EHE Health offers comprehensive physical exams, preventative health programs, and travel medicine consultation and services. EHE Health operates over 150 locations across the US and is committed to providing the same exceptional health experience at all of their locations. EHE Health was founded in 1913 and is based in New York City. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-12 |
eClinical Solutions
Mansfield, Massachusetts, United States eClinical Solutions is a provider of cloud-based enterprise software and software-driven clinical data services. The elluminate platform provides life sciences companies with greater control of their clinical trial data. Elluminate software and data-driven services have been used by more than 100 life sciences companies on more than 500 trials. eClinical Solutions was founded in 2006 and is based in Mansfield, Massachusetts. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2011 |
| Size | Small |
| Type | Sector Focused |
Greenridge Growth Partner is a private equity firm focused on growth equity and buyout investments in emerging companies. The Firm seeks businesses with proven business models, revenue traction, and profits (or visibility to profitability). Greenridge Growth Partner is based in Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector: Information Technology M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 3 of 3 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 5 of 5 |
| Year: 2024 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-06 |
Covr
Springville, Utah, United States Covr provides workforce management software to the post-acute care industry. The company's scheduling, communication, and engagement solutions help facilities streamline scheduling workflows, ensure regulatory compliance, and facilitate communication with employees. Covr was formed in 2016 and is based in Springville, Utah. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 80 of 86 |
| Sector: Information Technology M&A | 22 of 24 |
| Type: Secondary Buyout M&A Deals | 22 of 24 |
| State: Texas M&A | 11 of 13 |
| Country: United States M&A | 74 of 80 |
| Year: 2024 M&A | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-16 |
Trader
Etobicoke, Ontario, Canada Trader is a digital automotive marketplace and software solutions provider. The company's marketing software solutions enable dealers to manage their websites, digital marketing campaigns, and inventory. Its online marketplaces and destinations include autotrader.ca, autohebdo.net, and Autos.ca. Trader was founded in 1975 and is based in Etobicoke, Ontario. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-12 |
Zipari
Brooklyn, New York, United States Zipari is a healthcare technology company that develops products for health insurance carriers to engage with consumers in new and innovative ways. Zipari was founded in 2014 and is based in Brooklyn, New York. |
Sell | - |
