M&A Deal Summary |
|
|---|---|
| Date | 2024-08-28 |
| Target | Veriforce |
| Sector | Information Technology |
| Buyer(s) | Apax |
| Sellers(s) |
Greenridge Investment Partners
Thoma Bravo |
| Deal Type | Secondary Buyout |
| Advisor(s) | William Blair (Financial) |
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| 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 | 261 of 263 |
| Sector (Information Technology) | 30 of 30 |
| Type (Secondary Buyout) | 65 of 66 |
| State (Texas) | 11 of 11 |
| Country (United States) | 104 of 105 |
| Year (2024) | 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 | Private Equity Firm |
|---|---|
| Founded | 2011 |
| Size | Small |
| Type | Sector Agnostic |
Greenridge Equity Partners 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). Target sectors include internet/new media, communications/traditional media, consumer, and business/technology services. Greenridge Equity Partners is based in Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Information Technology) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 3 |
| State (Texas) | 2 of 2 |
| Country (United States) | 5 of 5 |
| Year (2024) | 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 | 77 of 79 |
| Sector (Information Technology) | 21 of 21 |
| Type (Secondary Buyout) | 22 of 23 |
| State (Texas) | 11 of 11 |
| Country (United States) | 71 of 73 |
| Year (2024) | 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 | - |
