Investment Summary

Apax Invests In IBS Software

On May 15, 2023, private equity firm Apax invested in software company IBS Software from The Blackstone Group

Investment Highlights
  • This is Apax’s 22nd transaction in the Software sector.
  • This is Apax’s 2nd transaction in Singapore.

Investment Summary

Date 2023-05-15
Target IBS Software
Sector Software
Investor(s) Apax
Sellers(s) The Blackstone Group
Deal Type Stake Purchase
Advisor(s) J.P. Morgan Securities (Financial)
Drew & Napier (Legal)

Target

IBS Software

Singapore, Singapore
IBS Software is a global provider of new-generation IT solutions to the travel, transportation and logistics industries. IBS Software was formed in 1997 and is based in Singapore.

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Investor(S) 1

Investor

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 252 of 263
Sector (Software) 22 of 26
Type (Stake Purchase) 19 of 19
Country (Singapore) 2 of 2
Year (2023) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-15 Go Global Travel

Tel Aviv, Israel

Go Global Travel is a global supplier of search engine technologies and related services for hotel booking for travel agents and tour operators. The company has offices across the world, significant activity in over 32 countries, and more than 4,000 travel agencies and clients. Go Global Travel was formed in 2000 and is based in Tel Aviv, Israel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Bazooka Candy Brands

New York, New York, United States

Bazooka Candy Brands produces distinctive candy products including Bazooka bubble gum, Ring Pop, Push Pop, Baby Bottle Pop, and Juicy Drop Pop lollipops - as well as manage pre-paid digital and physical gift card solutions for consumer brands. Bazooka Candy Brands was founded in 1938 and is based in New York City.

Buy -

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 170 of 174
Sector (Software) 6 of 7
Type (Stake Purchase) 10 of 10
Country (Singapore) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-14 Cvent

Tysons, Virginia, United States

Cvent is a meeting, events, and hospitality technology provider that delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging impactful experiences. The Company's suite of products automates and simplifies the event management lifecycle and maximizes the impact of in-person, virtual, and hybrid events. Hotels and venues use Cvent’s supplier and venue solutions to win more group and corporate travel business through Cvent’s sourcing platforms. Its solutions optimize the event management value chain and have enabled clients around the world to manage millions of meetings and events. Cvent was formed in 1999 and is based in Tysons, Virginia.

Buy $4.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 MB Aerospace

Motherwell, United Kingdom

MB Aerospace is a provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers. MB Aerospace was founded in and is based in Motherwell, Scotland.

Sell $740M